Financial advice: A substitute for financial literacy?

JM Collins - Financial services review, 2012 - search.proquest.com
A lack of financial literacy can hamper the ability of individuals to make well-informed
financial decisions. For people who exhibit problems with financial decision making …

[HTML][HTML] Errare humanum est: Financial Literacy in European Consumer Credit Law

V Mak, J Braspenning - Journal of consumer policy, 2012 - Springer
Examples of financial mistakes made by consumers lend support to the view that systematic
mistakes of consumers exist in the EU credit market and that service providers respond …

[HTML][HTML] Implementing artificial intelligence empowered financial advisory services: A literature review and critical research agenda

H Zhu, O Vigren, IL Söderberg - Journal of Business Research, 2024 - Elsevier
Robo-advisors, also known as robo-advisory services, significantly reshape customer
service in financial advisory industries, transforming retail investor markets by substituting …

Financial advice and trust

ME Lachance, N Tang - Financial Services Review, 2012 - search.proquest.com
This article exploits new questions in the National Financial Capability Study to examine the
determinants of trust in financial professionals and the impact of trust on the use of five types …

[HTML][HTML] The role of financial literacy in describing the use of professional financial advisors before and during the COVID-19 pandemic

A Rabbani, W Heo, JE Grable - Journal of Financial Services Marketing, 2021 - Springer
This paper documents the effect of the COVID-19 pandemic on the use of profession
financial advisors across a broad sample of financial decision makers (N= 16,431). Findings …

The relationship between financial planner use and holding a retirement saving goal: A propensity score matching analysis

KT Kim, TY Pak, SH Shin… - Financial Planning …, 2018 - Wiley Online Library
It has been well established in the literature that financial advice leads to informed decision‐
making and improved financial outcomes. However, there is limited evidence regarding the …

[HTML][HTML] Professional financial advice and subjective well-being

A Schepen, MJ Burger - Applied Research in Quality of Life, 2022 - Springer
In this paper, we examine the relationship between professional financial advice (PFA) and
subjective well-being (SWB). Utilizing the Dutch Household Survey 1995–2018, we find that …

How does the emotional meaning associated with money and financial advisor's characteristics impact investors' risk-taking?

A Lippi, E Lozza, F Poli, C Castiglioni - Journal of Neuroscience …, 2021 - psycnet.apa.org
The original and innovative aspect of this article is to verify whether an investor's risk attitude
is influenced (not only) by his/her sociodemographic characteristics (eg, age and gender) …

[PDF][PDF] A review of financial advice models and the take-up of financial advice

JM Collins - Center for Financial Security WP, 2010 - Citeseer
Financial advice can complement educational interventions for individuals with technical
financial issues or acute financial problems; it may also help clients apply knowledge gained …

Financial advice: What about low-income consumers?

N Tang, ME Lachance - Journal of Personal Finance, 2012 - search.proquest.com
This paper uses data from the National Financial Capability Study (NFCS) to analyze the
determinants and benefits of financial advice use, with a special emphasis on the low …