Psychology of Financial Planning

Understand client behaviour and apply financial psychology in real-world planning

Now in its Second Edition, Psychology of Financial Planning: The Practitioner's Guide to Money and Behavior remains the definitive resource for understanding the psychological dynamics that influence financial decision-making. Authored by three leading experts in financial psychology, this updated volume aligns with the CFP Board's expanded learning objectives and provides actionable tools for integrating behavioural insights into everyday practice.

This edition delivers expanded coverage of multicultural competence, ethical considerations, and client assessment methods. Readers gain practical insights into behavioural finance, money conflict resolution, communication strategies, and crisis management. The book addresses client and planner attitudes, values, and biases while providing principles of counselling that help build deeper, more effective client relationships.

Readers will also find:

• Updated content aligned with the CFP Board's expanded psychology learning objectives for certification and continuing education requirements
• Practical frameworks for identifying and addressing money scripts, financial behaviours, and the psychological barriers that undermine client outcomes
• Effective communication strategies and counselling principles designed to help planners navigate difficult conversations and build lasting trust
• Tools for managing crisis events with severe financial and emotional consequences, including divorce, job loss, and sudden wealth
• Guidance on multicultural competence and ethical considerations essential for serving diverse client populations with sensitivity and professionalism

Psychology of Financial Planning is essential reading for financial planners, wealth advisors, and educators seeking to understand how psychology shapes money decisions. Whether preparing for CFP certification or enhancing client relationships, this book provides the behavioural insights needed to deliver more effective, emotionally intelligent financial advice.