Through grant funding from the Financial Planning Association, Dr. Megan McCoy and her colleagues explored the relationship between financial anxiety and clients’ trust and commitment to their financial planner. Findings suggest that financial anxiety is an antecedent to trust and commitment. However, we also found an interesting curvilinear relationship where both high and very low financial anxiety has a negative impact on trust and commitment.
In this webinar, Dr. McCoy described financial anxiety by differentiating financial anxiety from financial stress. Practitioners were provided with insights on how to reduce both financial anxiety and stress in themselves and their clients.