Financial literacy, financial advice, and financial behavior
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DOI: 10.1007/s11573-017-0853-9
Abstract: AbstractIn this survey, we review the voluminous body of literature on the measurement and the determinants of financial literacy. Wherever possible, we supplement existing findings with recent descriptive evidence of German households’ financial literacy levels… read more here.
Keywords: financial behavior; literacy financial; financial advice; financial literacy ... See more keywords
You might not get what you need: The discrepancy between financial advice and commissions in Germany
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DOI: 10.1016/j.econlet.2017.11.004
Abstract: Retail banking customers seeking financial advice naturally aim to build portfolios that will support their lifetime planning goals. However, discrepancies may arise between the quality of financial advice and advisor commissions. We use savings and… read more here.
Keywords: advice; might get; discrepancy financial; financial advice ... See more keywords
Robo-advisors: A substitute for human financial advice?
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DOI: 10.1016/j.jbef.2020.100275
Abstract: Using representative US investor data, we investigate whether automated financial advisors, also referred to as robo-advisors, reduce investors’ demand for human financial advice offered by financial service providers. Our results provide a strong negative relationship… read more here.
Keywords: robo advisors; advisors substitute; financial advice; advice ... See more keywords
Digital financial advice solutions – Evidence on factors affecting the future usage intention and the moderating effect of experience
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DOI: 10.1016/j.jeconbus.2021.106009
Abstract: Abstract Recently, Digital Financial Advice Solutions (i.e., “Robo Advice” or “Robo Advisory”) are emerging rapidly within the financial services sectors, which can be outlined by the respective Assets under Managements’ CAGR of 255.9 % from… read more here.
Keywords: advice solutions; future usage; usage intention; financial advice ... See more keywords
Financial advice: Who Exactly Follows It?
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DOI: 10.1016/j.rie.2021.06.003
Abstract: Abstract Using data from about 290,000 household investment accounts, we provide a comprehensive analysis of the role of personal economic and demographic characteristics in determining the tendency to utilize financial advice. Our findings indicate that… read more here.
Keywords: advice exactly; tendency; financial advice; exactly follows ... See more keywords
Moderating influence of advisor personality on the association between financial advice and investor stock trading behavior
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DOI: 10.1108/ijbm-10-2016-0149
Abstract: The purpose of this paper is to investigate the role of financial advice on investor trading behavior by analyzing the influence of advisor personality.,The study utilized the Big Five personality framework from Costa and McCrae… read more here.
Keywords: advisor personality; trading; personality; financial advice ... See more keywords
Seeking Financial Advice and Other Desirable Financial Behaviors
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DOI: 10.1891/1052-3073.29.2.198
Abstract: Advice from financial counselors is one potential source for improving financial behaviors and well-being among clients and within their communities. This study examined whether obtaining financial advice is associated with other personal financial behaviors. Analysis… read more here.
Keywords: advice desirable; advice; desirable financial; seeking financial ... See more keywords