Carl Richards has a wealth management financial background and has been working for some of the largest financial institutions out there in various advisory roles. He is best known for being a creator of the Sketch Guy column, appearing weekly in the New York Times since 2010. Carl has also featured on Marketplace Money, and In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.

In our conversation with Carl we discussed various aspects of behavioural finance and wealth management. Here are a few topics we have discussed:

  • What problems are plaguing the wealth management industry
  • How carl advised clients in wealth management
  • How to explain difficult finance concepts in a simple way
  • Mutual funds vs individual investing
  • Behavioural finance and how people typically react to various market situations
  • Why are people so bad at picking their investments
  • The raise of Robo-advisors and how they disrupt the financial advisors market.
  • What would Carl advise to people looking to get into the wealth management field

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Luke & Leo


Published On: March 1st, 2018 /