Econometric Models on the Value of Advice of a Financial Advisor

Claude Montmarquette and Nathalie Viennot-Briot

CIRANO Project Reports from CIRANO

Abstract: Financial institutions frequently describe and advertise the benefits of having a financial advisor. Industry participants routinely claim that advice contributes by, among other things, improving savings and investment behaviours, selecting appropriate financial products, improving the tax efficiency of savings, optimising asset mix for personal circumstances and risk tolerance, and ultimately increasing financial confidence and peace of mind. While these contributions may be plausible, are the effects of advice observable and measurable? Is financial advice worth the cost?

Date: 2012-07-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cirano.qc.ca/files/publications/2012RP-17.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cir:cirpro:2012rp-17

Access Statistics for this paper

More papers in CIRANO Project Reports from CIRANO Contact information at EDIRC.
Bibliographic data for series maintained by Webmaster ().