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man leaning over partial wall looking stressed and holding hand to mouth (Photo: Shutterstock)

Advisors, beware—as if your job weren’t complicated enough in the midst of a crashing economy and a pandemic, you’ll have to keep an eye on your clients lest they panic and do something stupid in what may seem like the end of the economy.

It’s not as if people don’t normally make mistakes anyway, but trying to function under the sort of stress many people are feeling can cause all sorts of bad decisions—meaning that it might be a good time to brush up on your behavioral economics training to keep clients from financially self-destructing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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