Exploring the role of financial socialization on
financial planning students: A thematic analysis

The presentation introduces an exercise that can help financial planning students explore how their experiences around money have influenced their own psychology regarding money. The idea is that through self-exploration, students will feel more comfortable connecting with their own financial situation as well as gain more confidence in connecting with their clients around their psychology of money. In light of the Certified Financial Planner (CFP) Board’s addition of the Psychology of Financial Planning domain, inclusion of this new topic supports the importance of exploring both the client’s and the planner’s attitudes, values, and biases in the financial planning process.