Abstract
The financial planning profession has a growing interest in blending psychology theory and techniques with financial planning. The most recent edition of CFP Board's Financial Planning Competency Handbook illustrates this integration with new chapters on financial therapy, behavioral finance, and marriage and family therapy applications to financial planning. The Journal has also recognized the benefits of this trend, as evidenced by the 2016 Montgomery-Warschauer Award given to Sarah Asebedo and Martin Seay for their psychology and financial planning integration article "From Functioning to Flourishing: Applying Positive Psychology to Financial Planning" published in the November 2015 issue. Early efforts to integrate psychology with finance focused on behavioral finance. Behavioral finance is built on the premise that human beings don't always act in their best financial interests. Practicing financial planners, who frequently witness clients act against their own interests, intuitively understand this. Their knowledge about behavioral finance has grown from laboratory research and analyzing large datasets.