The financial planning industry has been identified as having one of the largest gender pay gaps. This study examines whether male and female financial planners receive equal pay for equal work. Using detailed data on the backgrounds and practices of 710 financial planners, an unadjusted pay gap...

Using a unique data set with detailed information on the backgrounds and practices of 654 financial planners, this study examines the associations between the use of technologies by financial planners and self-reported time spent within various stages of the six-step financial planning process....

This study examines gender differences in COVID-19-related stress and the relationship between COVID-19-related stress and life satisfaction in a large sample of financial advisors in the United States (n = 499). Compared to men, women reported greater increases in work-related stress since the...

Analyses of savings rates needed for successful retirement rates (SSRs) typically assume constant real earnings growth throughout one's career. However, data on the life-cycle earnings patterns of millions of U.S. workers suggest that earnings growth does not occur at a constant rate that...

This study explored one aspect of household financial resilience by analyzing factors related to financial asset liquidity. Given that assets are classified on the balance sheet according to when their economic benefits are expected in time, we extend the asset allocation literature by modeling...

A fiduciary has an ethical obligation to act in the best interests of her client. In this paper, I argue that this obligation demands that a fiduciary advise her client from a behaviorally-informed perspective. However, this obligation creates new moral dilemmas, complicating ex-ante...

Many professionals in the financial services industry refer to themselves as financial advisers despite tremendous variation in business practices, compensation methods, and duties to act in the best interest of their clients. As a result, both the Securities and Exchange Commission (SEC) and...