A wealthy client displays evidence of a behavioural bias in the investment decision-making process.

Within behavioural-finance portfolio management, the representative must determine whether a client ' s behavioural tendencies should be moderated or accommodated/adapted to . Wealth is important because clients with substantial financial resources normally have greater capacity to absorb the consequences of a bias without jeopardizing essential financial objectives. Consequently, adaptation can be appropriate where changing the behaviour is unnecessary or potentially disruptive to the advisor-client relationship. The IFC material explicitly demonstrates that wealth level and the nature of behavioural biases affect the advisor ' s response; for a lower-wealth client with strong emotional biases, it prescribes a combination of moderation and adaptation. In the present question, the distinguishing fact is that the client is wealthy , providing greater financial flexibility. Therefore, adapting the portfolio approach around the client ' s behavioural preference is the best answer: A .

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