A ‘Therapeutic’ Approach to Financial Planning
Advisers turn therapist to help clients understand their ‘money scripts’
Does your inner child have too much influence over your financial life? Do your finances stress you out? A growing number of so-called financial therapists want to help.
Due in part to the rising popularity of behavioral finance—an academic field that holds that people often don’t make rational economic decisions—financial planners are borrowing techniques from psychologists and other specialists in our emotional lives.