How Behavioral Portfolio Management and Honest Communication Can Transform Client Relationships

Modern Financial Advisor

In this episode of the Modern Financial Advisor Podcast, host Mike Langford engages in a thought-provoking conversation with Felipe Toews, CEO of Toews Asset Management and author of 'The Behavioral Portfolio: Managing Portfolios and Investor Behavior in a Complex Economy.'

Delve into the intricacies of behavioral finance, market timing challenges, and the crucial role of effective advisor-client communication. Discover why Felipe believes that traditional portfolio management strategies might be leading advisors and clients astray, especially when considering unexpected market scenarios and significant losses. This episode offers valuable perspectives on educating investors and rethinking portfolio construction to better navigate a complex economic landscape. Don't miss this insightful discussion that could transform how you communicate with your clients and approach portfolio management.

Chapters:

00:00 Understanding Economic Perceptions

00:45 Introduction to the Podcast

02:12 Guest Introduction: Felipe Toews

03:54 Behavioral Finance 101

07:47 Challenges in Market Timing

14:40 The Importance of Proactive Communication

21:20 Historical Market Analysis

27:44 Economic Growth and Inflation Challenges

29:25 Behavioral Portfolio Design

31:40 Critique of Traditional Investment Strategies

33:39 Adapting to Market Changes

36:22 Addressing Investor Behavior

44:12 Crypto and Speculative Investments

49:29 Future Economic Risks and Portfolio Strategies

55:44 Conclusion and Final Thoughts