Bridging the Gap: Building a Community of Financial Well-being


2017 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium and FTA: Monday, November 13 - Wednesday, November 15
AFCPE Symposium: Wednesday, November 15 - Friday, November 17
Schedule Subject to Change

Title: (FTA Poster) Moral and biological imperatives of rational paternalism toward client-advisor relationship
Tuesday, November 14th, 2017
Consumers are irrational and consistently make bad financial decisions as a result of their innate heuristics and biases. The current state of relationships between the financial industry and consumers lacks assertiveness and effectiveness, and as a result, the financial advisory industry has failed to gain professional status on par with attorneys, CPAs, and physicians. This paper argues through a cursory overview that adopting a rational paternalistic attitude in advisor-client relationships is both ethical and professional.



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