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Stock impact report

Advisors weigh in on clients' self-defeating biases [Wealth Professional (Canada)]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Advisors weigh in on clients' self-defeating biases Advisors who want to prove their value to clients The BeFi Barometer 2019 survey, sponsored by Charles Schwab Investment Management (CSIM) in collaboration with the & Wealth Institute, polled over 300 financial advisors in the U.S. The advisors, all members of the institute, were diversified across business models including wirehouse, registered investment advisor (RIA), and national/regional broker dealers. The survey found that the five most common shortfalls that hurt clients’ decision-making capabilities are: Read also: The survey results also suggest that susceptibility to specific behavioural biases also varies according to client age. In particular, millennials — those under 38 years old — were most likely to be reported as prone to framing bias (making decisions based on how information is presented). Generation X, who fall between 38 and 53 years old, were purportedly most prone to recency bias, while baby boomers who Show less Read more
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