NAPFA Webinar - Exploring How Financial Therapy Can Aid in Financial Planning Practices

When:  Feb 1, 2019 from 08:00 AM to 09:00 AM (ET)
Presented by Megan McCoy, PhD; Meghaan R. Lurtz, Preston D. Cherry
Friday, February 1, 2019
1:00 PM ET, 12:00 PM CT, 10:00 AM PT
Earn 1 CFP® CE, and 1 NAPFA CE in J-Communications
Members: $39 / Non-members: $59

Have you ever thought about integrating financial therapy into your practice? This webinar presented by Financial Therapy Association board members Dr. Megan McCoy, Meghaan R. Lurtz, and Preston D. Cherry will illustrate why and how financial planners can use financial therapy as an approach that allows clients to reach their financial goals, while also attending to and overcoming the emotional, psychological, behavioral and relational hurdles that are often intertwined.

The webinar will show how it’s important to address both the interior and exterior sides to one’s relationship to money, with the interior of money being the psychological, emotional, and cognitive side that influences the external behaviors. In addition, the presenters will differentiate financial therapy from other similar disciplines (e.g., behavioral economics, life planning, financial psychology), and provide tangible examples of how one advisor has integrated financial therapy into his financial planning practice.

Megan McCoy, PhD, is a licensed marriage and family therapist with extensive experience doing financial therapy in private practice, as well as alongside financial planners at the Aspire Clinic at the UGA. Megan currently integrates financial therapy into her research and teaching efforts within the Financial Therapy Certificate Program and Personal Financial Planning Program at Kansas State University. She has been published in a wide range of academic journals, such as the Journal of Financial Therapy, Journal of Sex and Marital Therapy, Journal of Financial Planning, Journal of Family Economic Issues, and the Journal of Couple and Relationship Therapy.

Meghaan R. Lurtz is currently president-elect of the Financial Therapy Association. She is a senior research associate at Kitces.com and teaches at the University of Maryland in their CFP program. Meghaan is also working on her Ph.D. in Personal Financial Planning at Kansas State University. She earned her bachelor's degree in Philosophy, Psychology, and Spanish. Her Master's work is in Industrial Organizational Psychology. Meghaan has been published in the Journal of Financial Counseling and Planning and the recent book, Client Psychology, put out by the Certified Financial Planning Board.

Preston D. Cherry is currently pursuing a Ph.D. in personal financial planning at Texas Tech University. He is writing papers on whether personality traits affect financial decisions. Preston also serves as a part-time graduate instructor at Texas Tech University and Dalton Education. He has served in lead and internal financial planning roles and institutional retirement sales. He has also served as an RIA co-investment manager of $120M in firm assets, and a mutual fund wholesaler. Preston founded Concurrent Financial Planning Center, LLC, a comprehensive financial planning firm serving households and business owners across generational lines.