Thrive Masterclass: The psychology of financial planning

In 2021, the Financial Planning Standards Board (FPSB) initiated two pivotal studies –  the Global Job Analysis study and the Future of Financial Planning Practice study – that examined the evolving landscape of the financial planning profession. The results of these comprehensive studies prompted a review of the Global Financial Planning Standards and the integration of a new Knowledge Domain on the Psychology of Financial Planning in the 2022 update.

This inclusion recognises the importance of psychology in navigating the complexities of financial planning, addressing not just numbers but the intricate dynamics of human behaviour and emotions. The Framework of the Global Financial Planning Standards consists of three essential components – Knowing (Body of Knowledge), Doing (Standards of Practice), and Being (Standards of Ethical Conduct). Notably, each of these components will incorporate an element of the psychology of financial planning.

In preparation for the new Global Standards, set to take effect on 1 January 2025, and the highly anticipated release of the new FPSB resource book on ‘The Psychology of Financial Planning’, this masterclass promises to bridge the knowledge, practice and ethics of these psychological principles with their practical implementation in your financial planning practice.

This masterclass is a must-attend event for financial planners, advisors, and anyone interested in the dynamic intersection of psychology and finance. Whether you are looking to enhance your skills or align your practice with the latest industry standards, get ready to unlock the secrets that will empower your clients to achieve their financial goals with newfound confidence and clarity.

Date: Monday 4th March
Time: 2:00pm-5:00pm
Dinner – 6pm onwards