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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Your profession

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

Industry group calls for more flexibility on disclosure

Sahar Nazir
clock 17 October 2025 • 2 min read
You can always make more money, but you can't buy more time

You can always make more money, but you can't buy more time

What’s the ROI on a memory that lasts forever?

Chris Ball
clock 16 October 2025 • 3 min read
Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 16 October 2025 • 1 min read