Every Financial Advice Firm Will Have a Chief Behavioral Officer (with Blair and Daniel Crosby)

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 12 April 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ritholtz Wealth Management's Blair duQuesnay caught up with Brinker Capital's Daniel Crosby to talk about how central behavioral investing has become to the financial advice proposition. It sits at the center of the value-add that advisors are bringing to the table in the modern era. Will every financial firm someday have a CBO - Chief Behavioral Officer? Read Blair each week at her blog, The Belle Curve! http://blairbellecurve.com/ Follow Daniel Crosby on Twitter: https://twitter.com/danielcrosby Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, this is Blair Duquesne. I'm down in Fort Lauderdale this week for the CFA
0:06.1	Wealth Management Conference and Daniel Crosby is speaking and so he is joining me for just a
0:11.4	quick chat, a little update on what's going on in his world
0:14.3	Daniel thanks for being here you are now the chief behavioral officer at Brinker
0:19.3	capital are you the first person to be a chief behavioral officer I I don't know that I am. I wish I
0:24.1	wish I could say it was. I think I think the honor belongs to Greg Davies in our
0:29.3	industry. He was the head of behavioral finance at Barclays.
0:32.8	So one of the first, maybe not the first,
0:35.6	though, shout out to Greg though.
0:37.4	Cool, it'll be really neat to see if maybe
0:40.0	RIA firms in the future have CBO's.
0:42.1	Yeah, no, I think I see it happening.
0:44.6	I mean, we're at this conference here in beautiful Florida and every conversation,
0:48.9	even the ones that ostensibly aren't about behavioral finance,
0:52.6	end up being about behavioral finance.
0:54.4	So I think everyone is seeing that this sits
0:57.3	at the center of the value that advisors add,
0:59.6	and I see more and more of me coming up.
1:02.2	It's nothing but a good thing. That's really cool. So in your new
1:05.2	role at Brinker are there any exciting pieces of research that you're working on
1:09.1	anything you can share with us that's new? Yep. Building out a couple of really cool things. So my job is to build
1:14.6	out training tools and technology for advisors. We want to take the world of
	...

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