Benefits of Process - 1st Quarter 2012


Investors are prone to periods of underperformance regardless of strategy. The response to underperformance is an important consideration for the investor's future success. Nobel Prize winning behavioral psychologist points to process:

"Organizations are better than individuals when it comes to avoiding errors, because they naturally think more slowly and have the power to impose orderly procedures." ~ Thinking, Fast and Slow, Daniel Kahneman, 2011.

At Center for Financial Planning, we have an investment committee dedicated to upholding the very processes that hedge us as investors from common pitfalls while maintaining customized financial planning solutions for each client's unique situation. There are checks and balances so that changes for investments don't occur willy-nilly. Parameters anticipating discussion of process change are documented within our written procedure. Please click here to read the full post at Money Centered.

The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material.  Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.  Any opinions are those of Center for Financial Planning, Inc., and not necessarily those of RJFS or Raymond James.