Behavioural psychology key to understanding clients, industry agrees

Advisers, business owners and paraplanners share their thoughts

Isabel Baxter
clock • 1 min read

Behavioural psychology has a part to play when considering a client’s financial decisions, most industry respondents to a Professional Adviser survey believe.

When asked ‘do you think behavioural psychology has a part to play when considering a client's financial decisions?', 74% of respondents to a recent PA Asks poll answered yes, 11% answered no, and 16 % answered ‘I don't know'. One pundit said that ethics and transparency are "prerequisites". Another said: "Time after time people sell at the bottom and buy at the top." One industry respondent argued it is not as simple as a yes or no answer.  "You would need a comments box the size of a short novel...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read