Wealth Managers Seek Psychology Skills

Psychologists Join the Mediation Table for Family Squabbles over Money

Reuters
March 5, 2012

When families fight over money, typically lawyers, stock brokers, and accountants gather around the mediation table. However, there might be a place at the table for psychologists who can help the parties communicate. This is important “because wealth, particularly sudden wealth, can create anxiety and confusion” which is becoming more and more common as the baby boomers are projected to pass along an estimated $41 trillion through 2052.

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