scholarly journals Financial Advice and Household Financial Portfolios

2021 ◽  
Author(s):  
Sarah Brown ◽  
Alessandro Bucciol ◽  
Alberto Montagnoli ◽  
Karl B. Taylor
Keyword(s):  
Financial Advice ◽  
Financial Portfolios

scholarly journals Individual Investors and Portfolio Diversification in Late Victorian Britain: How Diversified Were Victorian Financial Portfolios?

2018 ◽  
Vol 78 (2) ◽  
pp. 435-471 ◽  
Author(s):  
Dimitris P. Sotiropoulos ◽  
Janette Rutterford
Keyword(s):  
Nineteenth Century ◽  
Risk Reduction ◽  
Portfolio Diversification ◽  
Individual Investors ◽  
England And Wales ◽  
Financial Advice ◽  
Victorian Britain ◽  
Portfolio Strategies ◽  
Financial Portfolios ◽  
Financial Securities

This article investigates Victorian investor financial portfolio strategies in England and Wales during the second half of the nineteenth century. We find that investors held on average about half of their gross wealth in the form of four or five liquid financial securities, but were reluctant to adopt fully contemporary financial advice to invest equal amounts in securities or to spread risk across the globe. They generally held under-diversified portfolios and proximity to their investments may have been an alternative to diversification as a means of risk reduction, especially for the less wealthy.

scholarly journals Seven Life Priorities in Retirement

2017 ◽  
Author(s):  
Surya Kolluri ◽  
Cynthia Hutchins
Keyword(s):  
Labor Market ◽  
Life Cycle ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Financial Advice ◽  
Financial Advisor ◽  
Fixed Weight ◽  
Target Date ◽  
Target Date Funds ◽  
Financial Portfolios

Using a theoretical life cycle model, this chapter evaluates how much workers benefit from having the option to hire a financial advisor when it is costly for employees to rebalance their own financial portfolios. Results indicate that having access to a financial advisor at the start of one’s career can be quite beneficial. If delegation to an advisor is available only a decade after entering the labor market, the benefit of delegation is cut by half, and it falls further if delegation is available only later in life (at age 60). The chapter also examines whether simpler target date funds (TDF) and fixed weight portfolios benefit consumers, compared to the outcomes with customized financial advice. The authors show that the simpler portfolio products would need to be provided at zero cost, in order to benefit consumers as much as having access to a financial advisor.

High Quality Financial Advice Wanted!

2007 ◽  
Author(s):  
Ralph Bluethgen ◽  
Steffen Meyer ◽  
Andreas Hackethal
Keyword(s):  
High Quality ◽  
Financial Advice

Can Unbiased Financial Advice Steer Retail Investors Towards Efficient Portfolios? Answers from a Large Field Study

2011 ◽  
Author(s):  
Utpal Bhattacharya ◽  
Andreas Hackethal ◽  
Simon Kaesler ◽  
Benjamin Loos ◽  
Steffen Meyer
Keyword(s):  
Field Study ◽  
Large Field ◽  
Financial Advice ◽  
Retail Investors ◽  
Efficient Portfolios

Do Women Receive Worse Financial Advice?

2020 ◽  
Author(s):  
Utpal Bhattacharya ◽  
Amit Kumar ◽  
Sujata Visaria ◽  
Jing Zhao
Keyword(s):  
Financial Advice

Introduction

2017 ◽  
Author(s):  
Brett Hammond ◽  
Olivia S. Mitchell ◽  
Stephen P. Utkus
Keyword(s):  
Decision Making ◽  
Cognitive Deficits ◽  
The Elderly ◽  
Older Population ◽  
Older Americans ◽  
Financial Advice ◽  
Financial Decision Making ◽  
Financial Decision

By the end of the next decade, the number of older Americans will have grown rapidly, but half if not more of the elderly will suffer from cognitive deficits after the age of 80. This volume explores how financial decision making changes at older ages, how and when financial advice can be useful for the older population, and what solutions and opportunities are needed to resolve the likely problems that will arise.

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