MAY 2024: Financial Wellness and Well-being
COVER STORY
The Mindful Adviser: Integrating Polyvagal Theory and Neuroception for Financial Success
By Geoffrey VanderPal, Ph.D., D.B.A., CFP®, CLU, CTP, CSCP, SHRM-CP/SCP, PMP, and Dr. Randy Brazie, M.D., SEP
Planners can support healthy well-being for themselves and their clients.
Click HERE to access the DIGITAL EDITION
PRACTICE MANAGEMENT
Help Is on the Way: Strategies to Overcome Seven Common Limiting Beliefs to Run a Better Firm
By J.J. Peller; Jessica Colston, PCC; and Greg Opitz
Planners may get in their own way when it comes to professional development and firm growth. Take time to reflect on how your internal monologue might be stopping you from achieving your goals.
FPA NEXT GENERATION PLANNER
Forward Thinking
Help Clients Achieve Serenity and Stability
By Riley Saunders, CFP®
Lead Article
Measuring Financial Well-Being: Creative Metrics for a Customized Approach
By Brittany Brinckerhoff
My Career Path
Lauryn Williams, CFP®, on Making Your Own Way
By Landon Warmund, CFP®, CSLP
Planner Poll
The FPA Community Weighs in on the Best Methods for Educating Clients
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Longevity
Aging, Health, and the Dynamic Nature of Financial Wellness
By Chris Heye, Ph.D.
Financial wellness is a process, not a static state. Planners need to be ready to help clients through varying states of wellness throughout their lives.
Succession Planning
Six Reasons Why Succession Planning Is So Hard for RIAs and How to Overcome Such Barriers
By Richard Chen, J.D.
Succession planning requires thoughtfulness and deliberation. Planners should take it slow.
Psychology of Financial Planning
Why Advisers Need the Humanity of Money
By Preston D. Cherry, Ph.D., AFC, CFT-I, CFP®
What constitutes value is subjective, and planners must consider clients’ emotional needs to provide it.
RESEARCH
LLMs Can’t Be Trusted for Financial Advice
By Gary Smith
While AI can provide authoritative-sounding responses to financial questions, the arithmetic used is often incorrect or ignores major factors. This can lead to worrisome recommendations that an experienced planner would know not to propose.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Meditating on Money
By Danielle Andrus
VOICE
A Wrecking Ball and a Key: Sustaining the Profession by Nurturing Aspiring Planners
OBSERVER
Unhappy Retirees, Tax Refunds Used for Insurance, Medicare vs. Non-Medicare Spending
Stat Bank
Q&A
Stevyn Guinnip Discusses How Financial Wellness and Health Are Intertwined
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Comparative Perspectives on Virtual Financial Planning: Similarities and Differences between Planner and Client’s Assessments of Virtual Client Meetings
By Nathan Collier, CFP®, AIF; Jason N. Anderson, CFP®, CPA; Darin Carroll, CFP®, BFA, AAMS; and Megan McCoy, Ph.D., LMFT, AFC, CFT-I
Planners and clients have differing opinions on how effective remote meetings are. It’s important to note that their confidence lies in different aspects of virtual sessions.
