dc.contributor.author | Hunt, Katherine | |
dc.date.accessioned | 2018-03-23T00:51:40Z | |
dc.date.available | 2018-03-23T00:51:40Z | |
dc.date.issued | 2016 | |
dc.identifier.issn | 2206-1355 | |
dc.identifier.uri | http://hdl.handle.net/10072/340398 | |
dc.description.abstract | The risk profiling process is one of the most under-utilised
assets the financial planning profession has at its disposal.
This paper presents a novel approach to risk profiling,
which is based on the application of the psychology
literature to develop an empirical risk profiling system. This
paper provides a theoretical foundation for considering
the risk profiling system by applying the literature from
self-control, optimism, financial literacy, and risk tolerance,
to a risk profiling system. This paper discusses how
understanding client levels of self-control can impact
‘stickability’ to a financial plan, and how prior knowledge of
optimism, financial literacy and risk tolerance can enable
financial planners to have more engaging discussions and
design more tailored financial plans for their clients. This
is the first stage of the research project, with the second
stage the development and testing of a risk profiling
system based on the theory within this paper. | |
dc.description.peerreviewed | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Financial Planning Association of Australia | |
dc.publisher.uri | https://fpa.com.au/education/financial-planning-research-journal/ | |
dc.relation.ispartofpagefrom | 49 | |
dc.relation.ispartofpageto | 63 | |
dc.relation.ispartofissue | 2 | |
dc.relation.ispartofjournal | Financial Planning Research Journal | |
dc.relation.ispartofvolume | 2 | |
dc.subject.fieldofresearch | Investment and Risk Management | |
dc.subject.fieldofresearchcode | 150205 | |
dc.title | Investment Risk Profiling: Lessons From Psychology | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
dc.description.version | Version of Record (VoR) | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.rights.copyright | © 2016 Griffith University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version. | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Hunt, Katherine H. | |