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Full-Text Articles in Business
Do Financial Advisors Have Consumers' Best Interests? Not Always, But Trust Is Key, Say Experts, Singapore Management University
Do Financial Advisors Have Consumers' Best Interests? Not Always, But Trust Is Key, Say Experts, Singapore Management University
Perspectives@SMU
In a world of volatile markets and complex financial products, getting financial advice from professional financial planners and advisers might seem like a good idea for those for those trying to meet their financial goals. However, finding good, impartial and suitable advice might be akin to finding a needle in the proverbial haystack.
Our Retirement In Their Hands: A User Perspective, Cotinne Cortese, David Aylward, John Glynn
Our Retirement In Their Hands: A User Perspective, Cotinne Cortese, David Aylward, John Glynn
John J Glynn
This research reports on the results of a survey of Australian retirees which provide information on attitudes surrounding financial planning advice before, at or after retirement. These results demonstrate that, despite government initiatives aimed at enhancing consumer confidence in the financial services market, most retirees continue to feel dissatisfied with, and lack confidence in, the services provided by their financial advisors. This suggests an increased role for financial planners to provide not only the additional information required under government policy, but also to provide information that is understandable and useful to the retirees that rely on it.
Disordered Money Behaviors: Development Of The Klontz Money Behavior Inventory, Bradley Klontz, Sonya L. Britt, Kristy L. Archuleta, Ted Klontz
Disordered Money Behaviors: Development Of The Klontz Money Behavior Inventory, Bradley Klontz, Sonya L. Britt, Kristy L. Archuleta, Ted Klontz
Journal of Financial Therapy
Much of the existing literature on financial behavior focuses on basic money management tasks (e.g., balancing a checkbook). However, it can be equally important to identify problematic financial behaviors that can sabotage one’s financial health. The purpose of this study was to create an assessment tool that can be used by mental health and financial professionals to identify disordered money behaviors that may impede on progress towards one’s financial goals. This study asked 422 respondents to indicate their agreement with disordered money behaviors, including compulsive buying, pathological gambling, compulsive hoarding, workaholism, financial enabling, financial dependence, financial denial, and financial enmeshment, …
Tactical Asset Management Or Financial Trauma?: Why The Abandonment Of Buy-And-Hold May Be A Symptom Of Posttraumatic Stress, Bradley Klontz, Sonya L. Britt
Tactical Asset Management Or Financial Trauma?: Why The Abandonment Of Buy-And-Hold May Be A Symptom Of Posttraumatic Stress, Bradley Klontz, Sonya L. Britt
Journal of Financial Therapy
The purpose of this study was to measure the psychological impact of the 2008 financial crisis on financial planners. Recent surveys of financial advisors have confirmed a fundamental shift away from strategic management in favor of tactical management, with planners reporting having had made on average 2.15 adjustments in the past 12 months to take advantage of market changes (FPA 2012 Trends in Investing Study, 2012), and 83% of financial planners planning to make at least one tactical adjustment within the next three months (Veres, 2012). This article explores the psychological impact of the 2008 financial crisis on financial planners, …