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What is Moneymax?
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Moneymax is a tool for helping people identify their thoughts and feelings about money and investing. |
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Successful investing begins with knowing one's self. Moneymax is a tool for helping people identify their thoughts and feelings about money and investing. The documentation of those thoughts and feelings allows them to have meaningful conversations with you, their financial advisor, as well as with other important people in their lives such as a spouse or business partner.
The tool has three components:
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A questionnaire, completed by the client |
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A personal report, generated from the questionnaire data |
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A client interaction strategy, giving you tips on how to work with this client |
The questionnaire includes 28 simple attitudinal questions related to money management; it takes five to seven minutes to complete. Clients enjoy taking it and look forward to receiving the results. A printable version of this questionnaire is available on this web site.
The personal report [Sample Profile: Jane Doe Personal Report] includes the results of the questionnaire. The client completes the questionnaire, and you enter the data into your Moneymax internet computer program. Entering the data is fast and simple. Within minutes, the computer produces the client's personal report.
The title page of the personal report includes information about your client and shows that the report has been prepared by you, their advisor. Take a look at the title page in a sample report. [Sample Profile: Jane Doe Report Title Page] The client for this sample report is Jane Doe.
Next, is the introductory letter. It is the same for all reports and explains that Moneymax is part of the larger process of comprehensive financial planning. Read the introductory page called, What is Moneymax for Jane Doe, in the sample report. [Sample Profile: Jane Doe Introduction Page] It gives an explanation of why Moneymax is a valuable tool for investing and how the personality profile was created.
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Financial Psychology
