Household Use of Financial Planners: Measurement Considerations for Researchers

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dc.contributor.author Heckman, Stuart J.
dc.contributor.author Seay, Martin C.
dc.contributor.author Kim, Kyoung Tae
dc.contributor.author Letkiewicz, Jodi C.
dc.date.accessioned 2017-08-24T19:11:09Z
dc.date.available 2017-08-24T19:11:09Z
dc.identifier.uri http://hdl.handle.net/2097/36262
dc.description Citation: Heckman, Stuart J. and Seay, Martin C and Kim, Kyoung Tae and Letkiewicz, Jodi, Household Use of Financial Planners: Measurement Considerations for Researchers (November 2, 2016). Financial Services Review, Vol. 25, p. 427-446, 2016.
dc.description.abstract Using the Certified Financial Planner (CFP) Board’s definition of financial planning, this paper evaluates the validity of the measures of financial planner use in publicly available datasets. A review of Financial Services Review, Journal of Personal Finance, Journal of Financial Planning, Journal of Family and Economic Issues, Journal of Consumer Affairs, and Journal of Financial Counseling and Planning identified seven datasets that were commonly used to investigate financial planner use. Of these, the two most promising measures were found in the Survey of Consumer Finances and the National Longitudinal Study of Youth (1979). However, an evaluation of these measures raises significant concerns related to their validity. This article critically evaluates these measures and provides insights into the development of better measures of financial planner use for the future.
dc.relation.uri https://www.questia.com/library/journal/1P4-1942827932/household-use-of-financial-planners-measurement-considerations
dc.rights This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
dc.rights.uri http://rightsstatements.org/vocab/InC/1.0/
dc.subject Financial Planner Use
dc.subject Financial Advice
dc.subject Measurement
dc.title Household Use of Financial Planners: Measurement Considerations for Researchers
dc.type Article
dc.date.published 2016
dc.citation.epage 446
dc.citation.issn 1057-0810
dc.citation.jtitle Financial Services Review
dc.citation.spage 427
dc.citation.volume 25
dc.contributor.authoreid sheckman
dc.contributor.authoreid mseay


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