The theory of wealth management suggested that investors and households always behave like rational economic agents and take rational decisions and maximize their utility. However, they have certain constraints based on their socio-economic environment. Their ultimate objective is to get economic, social, psychological, and religious security. Therefore, they expect that the market should behave efficiently to earn a good return. However, since 1987, the financial markets all over the world have suffered several financial crises; in the resultant outcome were numerous bankruptcies and huge fertilities. This posited rather market inefficiency, asymmetric information, or irrational behavior of the market agents. It is also leading to a major problem for the old retired individuals. These dysfunctions are a disposition effect, regret aversion, loss aversion, cognitive dissonance, anchoring, mental accounting, overconfidence, over-and under-reaction, reference-dependent preferences, confirmation biases, herding behavior, hindsight bias, and many other behavioral biases. All these attributes made the financial markets extremely complex. Over and above asymmetric information contributed more to this apathy due to moral hazards and adverse selection.