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Advisors Need to Understand Wants, Wealth, and Well-Being

Wealth managers need to move from just being worried about beating the market to thinking about overall financial well-being, says Meir Statman.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Meir Statman's latest book, Finance for Normal People, explores what he calls the second generation of behavioral finance. He is here with me today to discuss it.

Meir, thank you so much for being here today.