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dc.contributor.authorKnutsen, Julie
dc.contributor.authorBrimble, Mark
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T08:08:28Z
dc.date.available2020-01-16T08:08:28Z
dc.date.issued2013
dc.identifier.otherRePEc:gri:apaper:finance:201309
dc.identifier.urihttp://hdl.handle.net/10072/390330
dc.description.abstractThere is industry, academic and regulator agreement that quality financial advice in Australia has long-term benefits for all stakeholders. Economically, the benefits include a nation that is less reliant on social security and other government services. Financially, it can mean individuals will have improved savings and adequate insurance cover. Psychologically, the positive correlations between financial and physical and mental wellbeing are well established in the literature. The industry's regulator, Australian Securities and Investment Commission (ASIC) and emerging research suggests that to improve the quality of financial advice and realise these benefits, financial advisers should take on a teaching and coaching role. Our survey of clients from a financial coaching practice provides empirical evidence to support these suggestions and shows how and where the client benefit s occur in a financial coaching-advice model. These findings make an important contribution to the evolution of quality financial advice and inform the current position of the regulator and future policy development.
dc.format.extent16 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto16
dc.subject.keywordsG29 - Financial Institutions and Services: Other
dc.subject.keywordsG02 - Behavioral Finance: Underlying Principles
dc.subject.keywordsI29 - Education: Other
dc.subject.keywordsFinancial coaching
dc.subject.keywordsfinancial planning
dc.subject.keywordsquality financial advice
dc.subject.keywordsfinancial literacy
dc.title2013-09: To coach or not to coach: The question for future and good financial advisers (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2013
gro.hasfulltextFull Text
gro.griffith.authorKnutsen, Julie T.
gro.griffith.authorBrimble, Mark A.


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