(Photo: Shutterstock)
Advisors, beware—as if your job weren't complicated enough in the midst of a crashing economy and a pandemic, you'll have to keep an eye on your clients lest they panic and do something stupid in what may seem like the end of the economy.
It's not as if people don't normally make mistakes anyway, but trying to function under the sort of stress many people are feeling can cause all sorts of bad decisions—meaning that it might be a good time to brush up on your behavioral economics training to keep clients from financially self-destructing.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
