New Report from DataPoints Gives Advisors Insights to Achieve Greater Alpha for Clients
Summary
For those clients who embrace more of a short-term attitude about investing, our research highlights areas where advisors can provide guidance,” reported Sarah Stanley Fallaw, Ph.D., founder and President of DataPoints. Some of the findings from the report include the following: • More than three-quarters of clients (77%) agree that most investors should ignore daily market fluctuations. • More than half of financial planning clients (53%) reported agreeing or being neutral when asked if investors can beat the market if it is studied. Advisors who tailor their services and guidance based on a client’s unique personality have an advantage in helping them to avoid behavioral pitfalls and achieve long-term investing success,” said Dr. Fallaw. Our financial psychology solutions are based on more than 40 years of behavioral, consumer, and demographic data that shaped the best-selling book, The Millionaire Next Door.