The Value of Financial Advice in a Crisis: A Multidisciplinary Literature Review-Reference-Cited by-同舟云学术

The Value of Financial Advice in a Crisis: A Multidisciplinary Literature Review

Published:2021-12-01 Issue:1 Volume:7 Page:65-87
ISSN:2206-1355
Container-title:Financial Planning Research Journal
language:en
Short-container-title:

Author:

Loy Ellana¹²,Wildman Karen³,MacDonald Kirsten³,Brimble Mark³

Affiliation:

1. Griffith University, Department of Accounting, Finance and Economics, Griffith Business School , Brisbane , Australia

2. Griffith University , Gold Coast campus, l Parklands Drive, Southport Qld 4215, Telephone: +61 7 555 28802, Fax + 61 7 555 28068 , Brisbane , Australia

3. Griffith University , Brisbane , Australia

Abstract

ABSTRACT The COVID-19 crisis presents an opportunity for the financial advice sector to demonstrate its importance. This paper examines literature from multiple disciplines to better understand the nature of a crisis, the role that expert advisers play and the value of advice to clients during a crisis. The literature demonstrates the multidimensional nature of a crisis, the need for a sophisticated approach to client-professional relationships and the positive impact of professional financial advice on wellbeing during and beyond a crisis. The findings motivate further research to establish a more detailed framework for understanding the value of financial advice.

Publisher

Walter de Gruyter GmbH

Link

https://www.sciendo.com/pdf/10.2478/fprj-2021-0004

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