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How to Rein in Clients’ Irrational Behavior

Harold Evensky, president of Evensky & Katz, says advisors should develop skillful questions to help their clients assess risk as a way to reign in investors’ irrational behavior. So reports Financial Advisor.

For example, when investors want to pursue a hot tip, advisors should help them come to terms with the risk associated with the suggestion by having them identify what can go wrong with the investment.

Read the full article from Financial Advisor.

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