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dc.contributor.authorHunt, Katherine
dc.date.accessioned2018-03-23T00:51:40Z
dc.date.available2018-03-23T00:51:40Z
dc.date.issued2016
dc.identifier.issn2206-1355
dc.identifier.urihttp://hdl.handle.net/10072/340398
dc.description.abstractThe 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.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherFinancial Planning Association of Australia
dc.publisher.urihttps://fpa.com.au/education/financial-planning-research-journal/
dc.relation.ispartofpagefrom49
dc.relation.ispartofpageto63
dc.relation.ispartofissue2
dc.relation.ispartofjournalFinancial Planning Research Journal
dc.relation.ispartofvolume2
dc.subject.fieldofresearchInvestment and Risk Management
dc.subject.fieldofresearchcode150205
dc.titleInvestment Risk Profiling: Lessons From Psychology
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith 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.hasfulltextFull Text
gro.griffith.authorHunt, Katherine H.


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