Post by miamianne67 on Mar 30, 2018 12:48:36 GMT
South Florida Business Journal
Ladenburg Thalmann launches behavioral finance program for advisors
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Ladenburg Thalmann Financial Services CEO Richard Lampen
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Ladenburg Thalmann Financial Services CEO Richard Lampen
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Adam Malamed
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Banking & Financial Services
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Ladenburg Thalmann Financial Services
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Opko Health
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Richard Thaler
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Robert Shiller
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By Keith Larsen – Reporter, South Florida Business Journal
Mar 28, 2018, 3:04pm
Miami-based Ladenburg Thalmann Financial Services announced today that it has launched a behavioral finance training program for its advisors, signaling the growing embrace of the subject by the investment community.
Ladenburg Thalmann, which serves a network of more than 4,000 independent financial advisors nationwide, said its Behavioral Financial Advice Training Program will educate advisors so they can better understand the psychological makeup of their clients.
The new program is part of a broader interest by the investment community in a relatively new field known as behavioral finance. The concept, popularized by Yale University economist Robert Shiller, is based on the premise that investment decisions are often based on human biases and psychology, rather than underlying fundamentals.
Last year, behavioral finance gained more recognition when the Nobel Prize in Economics was given to Richard Thaler of the University of Chicago, who researched whether the stock market overreacts for psychological reasons.
"Behavioral finance is rapidly emerging as one of the most crucial fields of expertise within our industry, and Ladenburg is pleased to provide all our advisors with innovative training that will place them well ahead of the curve in this field," Ladenburg Thalmann Executive VP and COO Adam Malamed said.
He added: "In this new fiduciary era, the professional growth and success of advisors will increasingly depend on their ability to develop a more robust understanding of what makes their clients tick."
The Behavioral Financial Advice Training Program is offered in cooperation with the consulting firm Think2Perform. The company said it trains advisors to help clients make better financial decisions through a rational, values-based approach and understand how traditional financial practices are driven by psychology and neuroscience.
Advisors who successfully complete their Behavioral Financial Advice certification exam will receive a Behavioral Financial Advisor (BFA) designation.
Ladenburg Thalmann is majority owned and chaired by billionaire biotechnology investor and Opko Health (Nasdaq: OPK) CEO Dr. Phillip Frost.
Ladenburg Thalmann launches behavioral finance program for advisors
Email Share Share Tweet
Save Print Order Reprints
Ladenburg Thalmann Financial Services CEO Richard Lampen
Enlarge
Ladenburg Thalmann Financial Services CEO Richard Lampen
IN THIS ARTICLE
Adam Malamed
Person
Banking & Financial Services
Industry
Ladenburg Thalmann Financial Services
Company
Opko Health
Company
Richard Thaler
Person
Robert Shiller
Person
By Keith Larsen – Reporter, South Florida Business Journal
Mar 28, 2018, 3:04pm
Miami-based Ladenburg Thalmann Financial Services announced today that it has launched a behavioral finance training program for its advisors, signaling the growing embrace of the subject by the investment community.
Ladenburg Thalmann, which serves a network of more than 4,000 independent financial advisors nationwide, said its Behavioral Financial Advice Training Program will educate advisors so they can better understand the psychological makeup of their clients.
The new program is part of a broader interest by the investment community in a relatively new field known as behavioral finance. The concept, popularized by Yale University economist Robert Shiller, is based on the premise that investment decisions are often based on human biases and psychology, rather than underlying fundamentals.
Last year, behavioral finance gained more recognition when the Nobel Prize in Economics was given to Richard Thaler of the University of Chicago, who researched whether the stock market overreacts for psychological reasons.
"Behavioral finance is rapidly emerging as one of the most crucial fields of expertise within our industry, and Ladenburg is pleased to provide all our advisors with innovative training that will place them well ahead of the curve in this field," Ladenburg Thalmann Executive VP and COO Adam Malamed said.
He added: "In this new fiduciary era, the professional growth and success of advisors will increasingly depend on their ability to develop a more robust understanding of what makes their clients tick."
The Behavioral Financial Advice Training Program is offered in cooperation with the consulting firm Think2Perform. The company said it trains advisors to help clients make better financial decisions through a rational, values-based approach and understand how traditional financial practices are driven by psychology and neuroscience.
Advisors who successfully complete their Behavioral Financial Advice certification exam will receive a Behavioral Financial Advisor (BFA) designation.
Ladenburg Thalmann is majority owned and chaired by billionaire biotechnology investor and Opko Health (Nasdaq: OPK) CEO Dr. Phillip Frost.
To me very interesting than Frost mega investment, LTS, has now begun training its advisors....