This time of uncertainty and market volatility may lead to an increase in clients making investment decisions that aren’t in their best interest. In this episode of the PFP Section podcast, Lauren Minch, CPA, CFA, interviews Kevin Grogan, CFA, to get his take on common trends he sees with many different types of clients. They discuss:
Making decisions based on what happened recently versus based on the full history
Measuring performance by comparing to the wrong benchmark
How to communicate with clients who compare themselves to others
How to avoid biases and noise with a good process
Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visithttp://pfplanning.libsyn.com/ to access show notes with direct links.
Hear more from Kevin and other top experts at the upcoming PFP conference at ENGAGE on June 6th through 8th (attend in person or virtually).
Access the AICPA/Fi360 guide, Prudent Practices for Investment Advisors.
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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