This nine-lesson course will teach the advisor appropriate behavioural finance concepts and approaches.
Lesson 1: INTRODUCTION TO BEHAVIOURAL FINANCE
Section 1
- Behavioural Finance Micro versus Behavioural Finance Macro
- Homo Economicus versus the Behaviourally Biased Human
Section 2
- Standard Finance versus Behavioural Finance
- Efficient Markets versus Irrational Markets
Section 3
- Decision Making Under Uncertainty
- Psychographic Models Used by Behavioural Finance
Lesson 2: USING BEHAVIOURAL FINANCE WITH PRIVATE CLIENTS
Section 1
- Key Benefits of Behavioural Finance
Section 2
- Limitations of Risk Tolerance Questionnaires
Section 3
- Ways to Identify Irrational Behaviours in Your Clients
Lesson 3: INTRODUCTION TO BEHAVIOURAL INVESTOR TYPES
Section 1
- Identifying Behavioural Investor Types (BITs)
Section 2
- Behavioural Investor Types (BITs)
- Investor Biases Defined
- Differences Between Cognitive and Emotional Biases
- Overview of Behavioural Investor Types (Bits)
Lesson 4: PASSIVE PRESERVER (PP) BEHAVIOURAL INVESTOR TYPE
Section 1
- Passive Preserver Characteristics
Section 2
- Emotional Biases
- Cognitive Biases
Section 3
- Advice for Passive Preservers
- Introduction to Building Asset Allocations for PP Clients
Lesson 5: FRIENDLY FOLLOWER (FF) BEHAVIOURAL INVESTOR TYPE
Section 1
- Friendly Follower Characteristics
Section 2
- Cognitive Biases
Section 3
- Advice for Friendly Followers
- Introduction to Building Asset Allocations for FF Clients
Lesson 6: INDEPENDENT INDIVIDUALIST (II) BEHAVIOURAL INVESTOR TYPE
Section 1
- Independent Individualist Characteristics
Section 2
- Cognitive Biases
Section 3
- Advice for Independent Individualist
- Introduction to Building Asset Allocations for II Clients
Lesson 7: ACTIVE ACCUMULATOR (AA) BEHAVIOURAL INVESTOR TYPE
Section 1
- Active Accumulator Characteristics
Section 2
- Emotional Biases
- Cognitive Bias
Section 3
- Advice for Active Accumulators
- Introduction to Building Asset Allocations for AA Clients
Lesson 8: Creating a Behaviourally Modified Asset Allocation
Section 1
- Best Practical Allocations
Section 2
- Developing a Best Practical Allocation
- Recommendation
- Developing the BMAA
- BMAA for Clients (BITs) With and Without an SLR
Lesson 9: PUTTING IT ALL TOGETHER
This lesson is about putting together the concepts learned in the first eight lessons in the form of four mini scenarios involving Ms. Starfish, a hypothetical client.
| QUIZ FORMAT | |
|---|---|
| Quiz Format | Online |
| Question Format | Multiple Choice |
| Questions Per Quiz | 40 |
| Passing Grade | 60%* |
| Attempts Allowed | Unlimited* |
| ENROLMENT PERIOD | |
|---|---|
| Enrolment Period | 6 months |
* IMPORTANT: There is no maximum to the number of quiz attempts permitted, but only the first passing grade (60% or over) will appear on official web transcript.
Continuing Education (CE) Credits
Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.
National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)
Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)
Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.
For details on the organizations and other information on CE Credits listed in the above charts, please click here.
This course is now eligible for CFA CE credits. CFA – Confirmation of CE Activities (PDF)
