The Market for retirement financial advice / edited by Olivia S. Mitchell and Kent Smetters.

Format:

Book

Contributor:

Mitchell, Olivia S.

Smetters, Kent.

Series:

Pension Research Council

Language:

English

Subjects (All):

Financial planners.

Financial planning industry.

Retirement income--Planning.

Retirement income.

Physical Description:

1 online resource (362 p.)

Place of Publication:

Oxford : Oxford University Press, 2014.

Language Note:

English

Summary:

This volume explores the market for retirement financial advice, to explain what financial advisors do, and how to measure performance and impact. Who are these professionals and what standards must they abide by? How do they make money and what are their incentives? How can one protect clients from bad advice, and what is good advice? Does advice alone effect changes in personal habits? Answering these questions, along with new technology that will decrease the delivery costs of advice, will play a transformative role in helping more households receive the quality financial advice that they need.

Contents:

Cover; Contents; List of Figures; List of Tables; List of Abbreviations; Notes on Contributors; 1. The Market for Retirement Financial Advice: An Introduction; Part I. What Do Financial Advisers Do?; 2. The Market for Financial Advisers; 3. Explaining Risk to Clients: An Advisory Perspective; 4. How Financial Advisers and Defined Contribution Plan Providers Educate Clients and Participants about Social Security; 5. How Important is Asset Allocation to Americans' Financial Retirement Security?; 6. The Evolution of Workplace Advice; 7. The Role of Guidance in the Annuity Decision-Making Process

Part II. Measuring Performance and Impact8. Evaluating the Impact of Financial Planners; 9. Asking for Help: Survey and Experimental Evidence on Financial Advice and Behavior Change; 10. How to Make the Market for Financial Advice Work; 11. Financial Advice: Does It Make a Difference?; 12. When, Why, and How Do Mutual Fund Investors Use Financial Advisers?; Part III. Market and Regulatory Considerations; 13. Harmonizing the Regulation of Financial Advisers; 14. Regulating Financial Planners: Assessing the Current System and Some Alternatives; End Pages; Index; A; B; C; D; E; F; G; H; I; J; L

MN; O; P; Q; R; S; T; U; V; W; Y; Z

Notes:

Includes index.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed November 22, 2013).

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-150672-9

0-19-968377-8

OCLC:

865849214