FutureProof Advisor Podcast22 Feb 2023

Using Financial Psychology to Guide Our Clients with Alex Melkumian

Today's episode of Bridging the Gap features Alex Melkumian, PsyD, LMFT, a financial psychologist, author, financial stress expert, and Founder of The Financial Psychology Center in California.

Alex opens up about the learning curve and culture shock he experienced when he moved to the United States from the Soviet Union.

Alex and I dive into the client’s mind to understand stress, shame, and the inability of knowing what to ask, how to ask it, and the uncertainty of knowing what our clients mean when they are speaking. Clients are fearful of asking the wrong thing, but may not know what to ask and we have to help them with that.

We also discuss financial literacy and the importance of financial psychology.

Alex Melkumian Bio:

Dr. Alex Melkumian is a Licensed Marriage and Family Therapist and founder of Financial Psychology Center in Los Angeles, California. As a practicing clinician for the past 15 years Dr Melkumian has worked with populations ranging from the chronically acute, dually diagnosed patients to highly motivated individuals committed to self-improvement. He is an author and public speaker who works to bring people harmony and ease in their lives, no matter what the issue.

His experiences in the field have given him deep expertise in treating alcoholism and addiction, codependency, emotional disturbance, stress, self esteem, relationships, men's issues, depression and anxiety. He has also proven to be a supportive career counselor, life coach and specializes in financial psychotherapy for those clients who find their emotional way of acting out is through their wallet or employment. You can find out more about his specialization in Financial Psychotherapy by visiting the Financial Psychology Center.

An immigrant from the Soviet Union he has lived in Los Angeles, California for more than twenty years basing both his studies and his practice there. Dr. Melkumian is married to his wife of ten years and father to two rambunctious children.

Follow Us And Find More Content For Financial Advisors and Wealth Management Firms At:

www.mattreiner.com

YouTube

Twitter

Mentioned in this episode:

Benjamin

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(200)

Q&A: Why Successful Firms Struggle to Innovate

There's a difference between being busy and actually moving forward — and most firms are doing a lot of the former while calling it the latter. In this episode of The FutureProof Advisor, Shannon join...

20 Aug 19min

AI Isn't Killing Jobs. It's Creating a New Economy.

The narrative around AI and job loss is louder than the data supports — and that gap matters for how we talk to clients. In this episode of The FutureProof Advisor, I dig into what's actually happenin...

6 Aug 20min

AI Doesn't Create Value. Your Process Does.

The questions advisors are asking right now aren't abstract — they're urgent, practical, and rooted in the daily reality of trying to move forward without losing what makes their firms valuable in the...

24 Jul 24min

Even the Pope is Talking about IAI. Your Clients are Too.

The conversation around AI has officially moved beyond the technology sector — and the implications for wealth management are worth paying attention to. In this episode of The FutureProof Advisor, I e...

9 Jul 23min

Q & A: The AI Blueprint for RIA's

The questions advisors are asking about AI right now reveal something important: most firms aren't struggling with access to tools — they're struggling with intention. In this episode of The FuturePro...

26 Jun 25min

Digital Workers & Robots: What Advisors Should be Watching

The pace of AI development isn't slowing down — and for wealth management firms, the implications are arriving faster than most are prepared for. In this episode of The FutureProof Advisor, I break do...

12 Jun 22min

The Biggest AI Questions Advisors Are Asking

The questions advisors are asking about AI right now aren't abstract — they're urgent, practical, and coming from every corner of the industry. In this episode of The FutureProof Advisor, I sit down w...

28 Mai 32min

How AI Is Quietly Transforming Wealth Managment

The AI story has shifted — and the shift matters for how we think about both our firms and our clients' portfolios. In this episode of The FutureProof Advisor, I explore how the biggest names in techn...

21 Mai 24min