Financial Therapy Supervision Evaluation

Financial Therapy explores people’s thoughts, feelings, and behaviors with money. It leans into complex emotions with clients and supports their healing journey with finances. When exploring the psychology of money, there’s a lot of rich material to unpack. Therefore it’s paramount that Financial Therapy as a profession, adopt a supervision style for financial therapists can support the integrity and ethics of the profession, as well as define the growth opportunities of financial therapists called to do this meaningful work. The Empowerment Model of Clinical Supervision, with it’s focus on self of the therapist and empowerment of therapists-in-training, can serve a template for standardization of Financial Therapy Supervision.

Fundamentals of Financial Therapy

Financial Therapy Supervision serves to support the development of foundational skills in client work as a financial-therapist-in-training. Being able to assess a supervisee’s competency is one aspect of standardizing Financial Therapy Supervision. Let’s look at the twelve (12) competencies included in our evaluation:

1.     Provides psychoeducation of money healing and money strategies as appropriate.

2.     Engages client in psychology of money work from emotional, relational, behavioral, and cognitive lenses.

3.     Incorporates therapeutic and somatic coping skills into money work as appropriate.

4.     Engages client with empathy, curiosity, and compassion.

5.     Identifies client money beliefs and money scripts for deeper processing.

6.     Remains aware of personal biases and beliefs around money and engages in own financial work as appropriate.

7.     Screens for indicators of financial manipulation including financial enabling, financial control, and financial abuse.

8.     Explores client financial flashpoints and financial traumas as appropriate.

9.     Supports therapeutic goal-setting in alignment with client values.

10.  Demonstrates a clear understanding of client’s financial circumstances.

11.  Follows a fiduciary standard of care regarding Financial Needs Analysis, Financial Advice, and client advocacy.

12.  Embodies the scope of the relationship between professional and client and has disclosed this scope to the client.

Download the Financial Therapy Supervision Evaluation

The evaluation is available for free download for financial professionals!

Financial Therapy Supervision Evaluation (Color)

Financial Therapy Supervision Evaluation (Black and White)

Have questions? Email us at empowermentmodelsupervision@gmail.com