As of 2020, the share of financial advisors worldwide perceiving barriers to the adoption of behavioral finance in their practice decreased compared to 2019. As of 2020, 53 percent of the respondents perceived the difficulty of converting behavioral finance theory into practice as the main barrier to its adoption.
Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason
The source adds the following information: "Respondents were members of IWI and diversified across business models, including wirehouses, registered investment advisors, and national and regional broker/dealers."
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Charles Schwab Corporation. (September 8, 2020). Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/
Charles Schwab Corporation. "Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason." Chart. September 8, 2020. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/
Charles Schwab Corporation. (2020). Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason. Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/
Charles Schwab Corporation. "Share of Financial Advisors Perceiving Barriers to Adopting Behavioral Finance in Their Practice Worldwide in 2019 and 2020, by Reason." Statista, Statista Inc., 8 Sep 2020, https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/
Charles Schwab Corporation, Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason Statista, https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/ (last visited October 05, 2024)
Share of financial advisors perceiving barriers to adopting behavioral finance in their practice worldwide in 2019 and 2020, by reason [Graph], Charles Schwab Corporation, September 8, 2020. [Online]. Available: https://www.statista.com/statistics/1249692/barriers-to-adoption-of-behavioral-finance/