This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Jay Mooreland. Jay is a Certified Financial Planner practitioner, Investment Advisor Representative and Behavioral Economist. He has been advising clients since 1999, and has a great understanding on how investors are influenced by volatility and emotions – and its influence on their investment decisions. He has learned that the best thing investors can do is have a clear, concise investment strategy in place to help them weather the storms (both economic and emotional). Jay has a Bachelor of Science in Business Finance, as well as, a Master of Science in Applied Economics with an emphasis in behavioral economics. He has been published in financial journals on the topic of investor behavior, and is a regular speaker at financial conferences worldwide. Jay is an Investment Advisor Representative and will therefore act in the capacity of a fiduciary. This means he is legally obliged to act in your best interest. Jay holds Financial Industry Regulatory Authority (FINRA) licenses: S-7, S-31 Jay and his wife, Lonnie, have two children and reside in Woodbury, MN. In his free time he enjoys cycling, traveling and reading.

SHOW NOTES

Tune in to hear:

  • Where’s the current interest and momentum in Behavioral Finance and where does Jay see it going next?
  • Why are investors so bad at affective forecasting (i.e. imagining how they’ll actually behave during a major market downturn)?
  • How can we get investors and advisors to “buy an umbrella when the sun is shining?”
  • Why does taking action during market downturns feel so right and what practically can we do, as financial advisors, to try and keep people from taking action?
  • Are there any ways that Jay thinks AI and technology may help us make better decisions going forward, or does he think it's all bad news?
  • What does success look like, from a behavioral perspective, if we are never going to rid ourselves of emotion?

Links

Connect with Us

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 2443-U-26233

Stay Informed. Stay Ahead.

Subscribe to Orion's Newsletters

All of Orion's newsletters in one place. 

Subscribe today for sharp market commentary, the latest wealthtech insights, BeFi trends, and more — delivered directly to your inbox.