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
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National/Provincial (Excluding Quebec)
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Quebec (IQPF/CSF)
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