Connect * Empower * Impact


2019 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium: Sunday, November 17 - Tuesday, November 19
AFCPE Symposium: Tuesday, November 19 - Thursday, November 21
Schedule Subject to Change

Friday, November 16th, 2018
Category: Investment
Who needs a Financial Advisor? The Roles of Investment Confidence and Knowledge in Investors' Financial Decision-Making
How investors make decisions has been a topic of interest to researchers and scholars. Specifically, besides the actual investment product selection and trading behaviors, one significant factor is whether investors make their own decisions or hire financial advisors or brokers to assist with their decision-making. Investment is not a one-time deal. Using a large national dataset collected by Financial Industry Regulatory Authority (FINRA) in 2015, this study aims to investigate the relationships between investors' investment confidence in their own financial management skills and the confidence in overall U.S. financial market, along with their levels of objective and subjective investment knowledge, long-term financial goals, and how these factors influence investors' investment style. Other demographic and socioeconomic factors, such as age, race/ethnicity, gender, income, education, marital status, employment status, and number of dependent children are also included.
*CFP Pre-Approved Session - 1 CEU