Evidence from the behavioral sciences, notably economics and psychology, has profoundly changed the way policymakers and practitioners present expert advice to consumers. This chapter examines the behavioral science evidence on financial advice and explores its implications for the financial...

Financial organizations and wealth management firms today deal with a wide variety of clients with different capacity to invest. As per the Securities and Exchange Board of India (SEBI) guidelines released in 2013, services offered by the wealth management division are categorized as Advisory...

In a historical retrospective, although the existing literature calls the management consulting industry an extraordinary sector and a unique phenomenon in the business context, in fact these statements are not accompanied by a number of academic studies that emphasize the importance of the...