Few would argue that the relationship between our financial psychology and the decisions we make about money-related matters is weak. Many of us know what the “right” answer is when it comes to our saving, spending, and investing behaviors, but the translation from what we know we should do and what we do can be quite different. In some cases, our unique behaviors or patterns of behaviors are causing stress and strains in other areas of our lives, impacting relationships, and other life goals. Thankfully, there is a growing group of therapists, psychologists, and counselors who are committed to helping clients overcome many of the money-related challenges we face that have little to do with calculations and spreadsheets and much more to do with how our unique competencies, experiences, and other characteristics impact financial decision making.
DataPoints is proud to announce our partnership with the Financial Therapy Association. This professional organization is committed to improving the well-being of clients through their practice, research, advocacy, and training. The mission statement of the Financial Therapy Association below summarizes the focus and purpose of their organization in the realm of financial psychology and financial services:
The Financial Therapy Association (FTA) is an organization comprised of professionals dedicated to the integration of cognitive, emotional, behavioral, relational, and financial aspects of well-being. The FTA exists to unite professionals from multiple disciplinary backgrounds to foster the financial therapy profession, disseminate cutting edge research, best practices, and training that enhance client quality of life, and shape public policy and practice management standards within financial therapy.
This partnership is designed to support advisors, planners, therapists, and counselors who are committed to improving the money-related well-being of all clients through scientific- and evidence-based practices and tools. Most importantly, the financial professionals utilizing DataPoints assessments and that are associated with the FTA will be able to benefit from the technologically-enabled financial psychology assessments and the multidisciplinary nature and professionalism of the FTA.