-diversified, since they own relatively small amounts of financial wealth and hold a few types of financial assets. Furthermore, risky … likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that …

We investigate how savings goals relate to wealth allocation and how this relationship is moderated by financial advice … assets and that independent financial advice enhances the influence of savings goals on wealth allocation to fairly safe and …