Behavioral Finance and Wealth Management: Performance Reflection

This report is a self-assessment of a student's skills and attributes developed during a Behavioral Finance and Wealth Management course. It includes a detailed analysis of interpersonal, presentation, writing, negotiating, marketing, critical thinking, problem-solving, leadership, business awareness, analytical, organizational, and time management skills. The student rates their proficiency in each area, identifies strengths and weaknesses, and outlines an action plan for skill development. The report reflects on the course's impact on their abilities, highlighting areas for improvement through workshops, online resources, and mentorship. The student also emphasizes the importance of continuous learning and teamwork. Finally, the student synthesizes the insights gained to improve performance and recommends strategies for improvement.

Running head: BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
Self-Reflection on Behavioral Finance and Wealth Management
Name of the University:
Name of the Student:
Authors Note:

1BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Skills and Attributes Table..............................................................................................................2
Statement of Performance Reflection..............................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

2BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
Introduction
Behavioral finance and wealth management course completion has facilitated me in
developing exceptional skills and attributes that I perceive can be highly beneficial in my
selected field of work. Considering same, I have carried out self-assessment analysis where I will
evaluate my perceived level of skills attainment after the course along with developing an action
plan in addressing the gap in my skills development.
Skills and Attributes Table
Skills and attributes Self-rating of skill/attribute
and relevance to
current/future work
Actions for addressing
skill development
Interpersonal skills I have developed exceptional
communication skills and
knowledge on investment
products that can support me in
understanding clients’ needs
and suggesting investment
products as per their
requirements (Holland, 2016).
I lack skills in efficiently
spotting investment
opportunities that I intend
to develop by practicing
through role plays of
suggesting appropriate
investments to clients
Presentation skills I have developed presentation
skills as I can effectively
present the investment products
I lack confidence while
presenting investment
products to consumers that

3BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
to consumers clearly and with a
relaxed body language
I intend to develop through
toastmasters and workshops
Writing skills I have developed exceptional
writing skills that can facilitate
me in presenting written
financial assets based
information
I feel that I can further
develop my writing skills
through observing several
online instructional videos
(Kyllonen, 2015)
Negotiating skills I have developed exceptional
negotiating skills that can
support me in workplace in
maintaining better relationship
management through resolving
conflicts
I have identified a gap in
my understanding of
distinct personality types
that can help in negotiating
consumers financial
decisions. I intend to
develop these skills through
attaining views from my
mentors regarding
educating and counselling
clients.
Marketing skills I have developed exceptional
marketing and sales kills that
can support me in workplace to
be able to market professional
I require further
development in my
marketing skills that will
acquire through online

4BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
skills and able to transfer
knowledge to niche market
prospects (Lim et al., 2016).
instructional videos on self-
marketing techniques to
clients.
Critical thinking skills I have adopted effective critical
thinking skills that can facilitate
me in summering a complex
job as in wealth management I
will be presented with great
amount of information
I feel that I can further
develop my critical
thinking skills through
attaining guidance from a
mentor regarding
synthesising information
and attaining technical
information
Problem solving skills I have developed effective
problem solving skills that can
support me in my workplace to
be able to solve any issue on
job under pressure and with
team work.
I have observed that I lack
time management skills
while solving problem that
I intend to develop through
attaining advice from my
peers.
Leadership skills I have developed exceptional
leadership skills that can
facilitate me in leading through
modelling for others and
leading prospects in making
I feel that I can further
improve my leadership
skills such as risk taking
through developing more
leadership qualities as per

5BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
better financial decisions
(Martin, Wiseman & Gomez-
Mejia, 2016)
my peers feedbacks
Business awareness skills I have developed business
awareness skills where in my
workplace I can have attributes
of having exceptional
investment products knowledge
that can make my financial
advices easily understandable
to clients
I can further develop this
skill through attaining
extensive and updated
investment product
knowledge from my peers
and adopting to new
systems
Analytical skills I have developed exceptional
analytical skills that can support
me in my workplace in
analysing the impact of
financial decisions on
consumes asset management
I lack analytical skills of
budget management and
financial planning that I
intend to develop through
workshops and attaining
more practical knowledge
on wealth management
Organisation and time
management skills
I have developed exceptional
organisational skills through
obtaining clarity and structural
ability of accomplishing tasks
I have skill gap in efficient
time management that I
intend to develop through
making schedules and

6BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
(Pompian, 2016) creating my personalised
deadlines
Ability to take initiative I have developed exceptional
ability to take initiatives to
implement my behavioural
finance and wealth
management knowledge in
workplace that can support me
in building optimal investment
portfolios
I gathered that I have skill
gap in being practice
towards thinking and acting
that intend to develop
through attaining support
from a mentor on
behavioural asset allocation
skills
Ability to be enterprising The course completion have
developed by ability to be
enterprising that can be
supportive in my workplace as I
constantly look for
opportunities to attain business
success through introducing
innovative investment offerings
I can further develop this
ability through practicing
great imagination in
developing investment
offerings customised as per
consumer needs through
being risk aware and
decisive (Rizvi & Fatima,
2015)
Ability to apply knowledge in
a work setting
I have attained better
knowledge application skills
that can support me in
I feel I lack suitable
knowledge implementation
in suitable situations

7BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
efficiently analysing mu wealth
management course materials
in new and practical situations.
because of overemphasis
on the events. I intend to
address such gap through
attaining workshops on
mental accounting in
designing optimal
portfolios that are
acceptable by clients
Being a life-long learner I have realised that I have skills
of keeping myself updated
through practicing constant
learning that can support me in
attaining exercise in my wealth
management career
I have realised that I have
need for identifying my
learning gap for identifying
learning needs that I can
ensure through attaining
feedback from my peers
and attaining regular
training on new wealth
management systems
(Spronken-Smith et al.,
2016)
Being a team player I have attained attributes of
being an exceptional team
player in my workplace where I
can be good in planning
I feel that I lack skills in
analysing need for mutual
support in a team that can
develop through closely

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through team collaboration and
critical reasoning skills
noticing issues faced in
meeting deadlines and
being openly supportive
Being able to use technology I have attained exceptional
technological skills that can
support me in my workplace as
I can analyse the programming
languages and investment
banking libraries existing in C
programs
This skill can be developed
further by me through
attaining expertise on new
asset management systems
employed in my workplace
Empathy I have developed attribute of
empathy employing which I can
understand my client’s
emotions and experiences in
workplace and recommend
financial investment plans
I feel I lack skills of
empathy and active
listening in developing
products as per their need. I
can attain this skills
through workshops on
developing collaboration
with other person’s
perspectives

9BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
Statement of Performance Reflection
I have developed exceptional interpersonal critical thinking, problem solving and
analytical skills that can support me in understanding clients’ needs and suggesting investment
products as per their requirements. The skills can support me in efficiently analysing my wealth
management course materials in new and practical situations (Ahadiat & Martin, 2016). I have
realised that I have need for identifying my learning gap for identifying learning needs that I can
ensure through attaining feedback from my peers and attaining reviews from my mentors
regarding educating and counselling clients.
Conclusion
From accomplishing the self-assessment on the attained skills and attributes after
completing my behavioral finance and wealth management course, I have identified certain skills
development gap. Considering same, I intend to develop necessary skills and attributes through
attending workshops, observing online instructional videos, practicing my negotiating skills
through undergoing role plays and attaining constant feedback from my peers.

10BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT
References
Ahadiat, N., & Martin, R. M. (2016). Necessary Attributes, Preparations, and Skills for the
Selection and Promotion of Accounting Professionals. Journal of Accounting & Finance
(2158-3625), 16(1).
Holland, J. (2016). A behavioural theory of the fund management firm. The European Journal of
Finance, 22(11), 1004-1039.
Kyllonen, P. C. (2015). Designing tests to measure personal attributes and noncognitive skills.
In Handbook of test development (pp. 206-227). Routledge.
Lim, Y. M., Lee, T. H., Yap, C. S., & Ling, C. C. (2016). Employability skills, personal
qualities, and early employment problems of entry-level auditors: Perspectives from
employers, lecturers, auditors, and students. Journal of Education for Business, 91(4),
185-192.
Martin, G. P., Wiseman, R. M., & Gomez-Mejia, L. R. (2016). Bridging finance and behavioral
scholarship on agent risk sharing and risk taking. Academy of Management
Perspectives, 30(4), 349-368.
Pompian, M. (2016). Risk profiling through a behavioral finance lens. CFA Institute Research
Foundation.
Rizvi, S., & Fatima, A. (2015). Behavioral finance: A study of correlation between personality
traits with the investment patterns in the stock market. In Managing in recovering
markets (pp. 143-155). Springer, New Delhi.

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Spronken-Smith, R., McLean, A., Smith, N., Bond, C., Jenkins, M., Marshall, S., & Frielick, S.
(2016). A toolkit to implement graduate attributes in geography curricula. Journal of
Geography in Higher Education, 40(2), 254-266.