Financial Coaching and Financial Therapy: Differences and Boundaries

Delgadillo, Lucy M.; Britt, Sonya L.

doi:10.1111/fcsr.12127

Cited by 11 publications

(7 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Case studies are used in the medical and other fields to demonstrate the use of new approaches. This article contributes to the emerging literature in financial coaching by providing continuity with previous articles on this topic (e.g., Delgadillo, 2014aDelgadillo, , 2014bDelgadillo, , 2015Delgadillo & Britt, 2015).…”

mentioning

confidence: 71%

A Case Study Demonstrating the Use of Appreciative Inquiry in a Financial Coaching Program

Delgadillo

Palmer²,

Goetz³

2016

Family & Consum Sci Res J

Self Cite

View full text Add to dashboard Cite

This article presents a case study of appreciative inquiry applied to client work within the context of a solution‐focused, financial coaching program. Appreciative inquiry (AI) is a process—a generative process—wherein a client envisions, describes, and constructs a new meaning or reality through structured questions and answers, and then designs a way to get there (to their destiny). The origins, tenets, and applications of AI approach are described, followed by a case study to facilitate a client's overcoming of a specific, maladaptive money script utilizing AI. The article provides implications for financial practitioners and a foundation for future research on the effectiveness of the AI approach in financial coaching.

show abstract

mentioning

confidence: 71%

A Case Study Demonstrating the Use of Appreciative Inquiry in a Financial Coaching Program

Delgadillo

Palmer²,

Goetz³

2016

Family & Consum Sci Res J

Self Cite

View full text Add to dashboard Cite

show abstract

“…For example, issues related to anxiety and depression may arise when talking about the financial implications of divorce. However, unless the financial counselor is also a trained mental health clinician, professional ethics would suggest referral to a mental health professional to address those issues (Delgadillo & Britt, ).…”

Section: Financial Counselingmentioning

confidence: 99%

A Review of Effectiveness Evidence in theFinancial‐HelpingFields

et al. 2020

View full text Add to dashboard Cite

Objective We reviewed the literature on four financial‐helping fields—the family resource management content area of family life education, financial education, personal financial planning, and financial counseling—in search of best evidence‐based practices when working with individuals and families concerning issues related to money. Method Experts in each field of the financial helping professions reviewed common practices in their own field and identified best practices when possible. Results Although we found that reviews of financial education outcome research exist, researchers and practitioners have made few attempts to examine best practices in these fields; most of the practices that professionals use in these four fields have not been empirically tested for effectiveness. Consequently, we provide a general overview of common practices within the four fields. Implications We implore practitioners and researchers to undertake evaluation research as a means to decipher what works, for whom it works, and to what extent it works.

show abstract

“…Hence, financial therapists provide a complex and comprehensive financial advice that inseparably touches all aspects influencing client"s financial health with the aim of improving not only financial health but also the quality of life This multidisciplinary nature of financial therapy utilizes aspects and mechanisms from various disciplines that primarily consist of financial planning, mental health and psychotherapy Delgadillo & Britt, 2015;B. T. Klontz, Britt, & Archuleta, 2015).…”

Section: Financial Therapymentioning

confidence: 99%

Modeling Psychology in Islamic Wealth Management

Al-Abbadi¹,

Abdullah²

2017

IJEF

View full text Add to dashboard Cite

This paper proposes a conceptual framework for modeling psychology in Islamic wealth management. Incorporating psychology into finance would significantly contribute to our understanding of the behavior of individual investors as well as market behavior. Utilizing the findings of behavioral finance and financial therapy, along with industry megatrends, Islamic wealth management could step further in fulfilling its ultimate objective of promoting social welfare. This is can be achieved by exploring and identifying the psychological factors that affect the clients" decision-making and then behaviorally and cognitively helping them to engage in socially-responsible investments, projects and initiatives. In operationalizing this model, financial advisors/wealth managers should adopt a comprehensive client discovery and profiling method and apply Fintech innovations in producing complex analytics and thereby enriching the client experience.

show abstract

Financial Coaching and Financial Therapy: Differences and Boundaries

Cited by 11 publications

References 23 publications

A Case Study Demonstrating the Use of Appreciative Inquiry in a Financial Coaching Program

A Case Study Demonstrating the Use of Appreciative Inquiry in a Financial Coaching Program

A Review of Effectiveness Evidence in theFinancial‐HelpingFields

Modeling Psychology in Islamic Wealth Management

Contact Info

Product

Resources

About