Financial planning and household portfolio performance: evidence from the 1998-2013 survey of consumer finances
No Thumbnail Available
Authors
Meeting name
Sponsors
Date
Journal Title
Format
Thesis
Subject
Abstract
This dissertation used datasets from the 1998, 2001, 2004, 2007, 2010 and 2013 Survey of Consumer Finances (SCF) to evaluate the effect of using financial planning services on households' portfolio performance. In this dissertation, portfolio performance was measured by portfolio Sharpe Ratio. Financial planning services were considered to be the professional services provided by lawyers, accountant and financial planners in this dissertation. After controlling other factors, the findings lend empirical support to the belief that financial planning service delivered by professionals benefit households in higher possibility of reaching better portfolio performance. This lends empirical support to claims that professional financial planning services provide value to clients. Implications for individual investors, financial planning professionals, and future research are discussed.
Table of Contents
DOI
PubMed ID
Degree
Ph. D.
Thesis Department
Rights
OpenAccess.
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.