Use of Financial Planners and Portfolio Performance
Using data from the 2013 Survey of Consumer Finances, the current study evaluates the potential effect of using financial planners on household portfolio performance, which was measured by Sharpe Ratio. Results revealed that households that reported using financial planners demonstrated better portfolio performance than those that did not. This lends empirical support to claims that professional financial planning services provide value to clients. Implications for investors, financial planning professionals, and researchers are discussed. Considering the direct relation between wealth accumulation and portfolio performance, financial planners should explore ways in which to work with those with limited resources to help them realize the benefits of using financial planners and improve their portfolio performance as a result
Year of publication: |
2016
|
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Authors: | Lei, Shan |
Other Persons: | Yao, Rui (contributor) |
Publisher: |
[2016]: [S.l.] : SSRN |
Subject: | Portfolio-Management | Portfolio selection | Kapitalanlage | Financial investment |
Saved in:
freely available
Extent: | 1 Online-Ressource (38 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | In: Lei, S. & Yao, R. (2015). Use of financial planners and portfolio performance. Journal of Financial Counseling and Planning, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2015 erstellt |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012997815
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