Academy of Financial Services Academy of Financial Services Annual Meeting 2021

Gender Differences in Education Loan Use

Tuesday, September 21, 2021 at 9:45 AM–10:45 AM EDT

Virtual

Keywords

education loan, gender difference

Lead & Corresponding Author

Shan Lei, Salisbury University

Additional Authors

Oscar J. Solis, West Texas A&M University

How Are Student Loans Associated with Life Satisfaction?

Tuesday, September 21, 2021 at 9:45 AM–10:45 AM EDT

Virtual

Keywords

Student loans, correlated random effects

Lead & Corresponding Author

Di Qing, Texas Tech University

Additional Authors

Charlene Kalenkoski, PhD, Texas Tech University

How to Promote Empathic Financial Planning?

Tuesday, September 21, 2021 at 9:45 AM–10:45 AM EDT

Virtual

Keywords

behavioural competency, empathy, lived experience

Lead & Corresponding Author

Csilla Skultety, School of Business, Western Sydney University, Australia

Additional Authors

Dr. Michelle Cull, School of Business, Western Sydney University

Dr. Ann Dadich, School of Business, Western Sydney University

Session Materials

How to Promote Empathic Financial Planning

https://studentuwsedu-my.sharepoint.com/:b:/g/personal/18474477_student_westernsydney_edu_au/EVUHi492HCdOvV1K8IW2kpABciSsOAAXYpjyruBtwmk8rQ?e=fLT7fJ

Income Investing in a Low Yield Environment

Tuesday, September 21, 2021 at 10:45 AM–11:45 AM EDT

Virtual

Keywords

retirement income, dividends, inveting

Lead & Corresponding Author

David Blanchett, PGIM

Additional Authors

—

Saving More With Less: Optimal Plan Design with Automatic Enrollment and Employer Match Contributions

Tuesday, September 21, 2021 at 10:45 AM–11:45 AM EDT

Virtual

Keywords

Retirement Financial Planning, 401k Saving, Auto-deferral Rate, Employer Match

Lead & Corresponding Author

Zhikun Liu, Empower Retirement™

Additional Authors

David Blanchett, PGIM

Understanding the Subtleties of Small-Dollar Mortgage Originations

Tuesday, September 21, 2021 at 10:45 AM–11:45 AM EDT

Virtual

Keywords

Small-dollar, Non-traditional, Mortgages, Financing, Interest

Lead & Corresponding Author

Michael Gawrys, The University of Georgia

Additional Authors

—

Factors related to financial advice-seeking in times of COVID 19?

Tuesday, September 21, 2021 at 11:45 AM–1:00 PM EDT

Virtual

Keywords

financial advice, financial service, financial planning, help-seeking

Lead & Corresponding Author

Wookjae Heo, Ph.D., Purdue University

Additional Authors

Jae Min Lee, PhD, Minnesota State University, Mankato

Financial Planning and Decision-Making with a Life-Cycle Model

Tuesday, September 21, 2021 at 11:45 AM–1:00 PM EDT

Virtual

Keywords

Financial Planning, Living Standard, Education

Lead & Corresponding Author

rpuelz@smu.edu Robert Puelz, Southern Methodist University

Additional Authors

—

“What Are the Mindsets and Behaviors that Contribute to Bankruptcy, and How Do They Influence Athletes In Particular?”

Tuesday, September 21, 2021 at 11:45 AM–1:00 PM EDT

Virtual

Keywords

Financial, literacy, mindset, behaviors, psychology,

Lead & Corresponding Author

Don Padilla®, California Lutheran University and MVP Sports & Entertainment Management

Additional Authors

—

Awards and Recognition

Tuesday, September 21, 2021 at 1:00 PM–2:00 PM EDT

Virtual

Lead & Corresponding Author

—

Additional Authors

—

Keynote Address - Ana Trujillo Limon

Tuesday, September 21, 2021 at 1:00 PM–2:00 PM EDT

Virtual

Lead & Corresponding Author

—

Additional Authors

—

Workshop: Adding New CFP Board Learning Objective to Your CFP Board Registered Program Curriculum

Tuesday, September 21, 2021 at 2:15 PM–3:30 PM EDT

Virtual

Lead & Corresponding Author

Lisa Pender, Dalton Educartion

Additional Authors

—

A Discussion on Life Insurance Planning for Income Replacement

Tuesday, September 21, 2021 at 3:45 PM–5:00 PM EDT

Virtual

Keywords

Life Insurance Planning

Lead & Corresponding Author

David D Hu, Highline Wealth Partners

Additional Authors

—

Insurance Alchemy: The Fixed Rate Annuity Anomaly

Tuesday, September 21, 2021 at 3:45 PM–5:00 PM EDT

Virtual

Keywords

fixed rate annuities, annuities

Lead & Corresponding Author

David Blanchett, PGIM

Additional Authors

Michael Finke

Optimizing Multi-Generational Value using Private Placement Life Insurance

Tuesday, September 21, 2021 at 3:45 PM–5:00 PM EDT

Virtual

Keywords

private placement life insurance, optimize

Lead & Corresponding Author

James DiLellio, Pepperdine University

Additional Authors

Pepperdine University

The Relationship between Life Insurance and Satisfaction with Retirement Income

Tuesday, September 21, 2021 at 3:45 PM–5:00 PM EDT

Virtual

Keywords

Retirement, Satisfaction with retirement income, Life Insurance, Cash value life insurance, Term life insurance

Lead & Corresponding Author

Sabina Pandey, CFP®, Texas Tech University

Additional Authors

—

Change of finance-related psychological factors and payment behavior due to COVID-19

Tuesday, September 21, 2021 at 5:00 PM–6:00 PM EDT

Virtual

Keywords

COVID-19, Behavioral finance, payment behavior

Lead & Corresponding Author

Keewon Moon, Yonsei University

Additional Authors

Wookjae Heo, Ph.D., Purdue University

It’s Good to Have Options: The Potential Benefits of Allocating to Protected Wealth Strategies

Tuesday, September 21, 2021 at 5:00 PM–6:00 PM EDT

Virtual

Keywords

options strategies, buffers, floors

Lead & Corresponding Author

David Blanchett, PGIM

Additional Authors

—

Retail investors decision making based on Reddit-Wallstreetbets posts and Robinhood account holdings from May-2018 to May - 2021

Tuesday, September 21, 2021 at 5:00 PM–6:00 PM EDT

Virtual

Keywords

Reddit, Robinhood

Lead & Corresponding Author

Yuanshan Cheng, Ph.D., Winthrop University

Additional Authors

—

The Retirement Income: The Case of Short-Term Rental Property Direct Investment Compared to a Dividend Stock

Tuesday, September 21, 2021 at 6:00 PM–7:15 PM EDT

Virtual

Keywords

retirement income, short-term rental, CAPEX, investment, investment evaluation

Lead & Corresponding Author

Chia-Li Chien, PhD, CFP, PMP, California Lutheran University

Additional Authors

Hossein Salehi, Ph.D., CFP, California Lutheran University

Stefan Cosentino, Ph.D., California Lutheran University

Australian superannuation (pension) funds - understanding asset mix and risk, the significance of retirement income product choice

Tuesday, September 21, 2021 at 6:00 PM–7:15 PM EDT

Virtual

Keywords

superannuation, pensions, risk, retirement, Australia

Lead & Corresponding Author

Loretta A Iskra, School of Business, Western Sydney University, Australia

Additional Authors

—

Session Materials

Australian superannuation (pension) funds - understanding the significance of retirement income product choice

MS PowerPoint, 118 KB

Financial Advice, Financial Literacy and Social Interaction: What Matters to Different Phases of Individuals’ Retirement Saving Decisions?

Tuesday, September 21, 2021 at 6:00 PM–7:15 PM EDT

Virtual

Keywords

Financial advice, financial literacy, retirement

Lead & Corresponding Author

Dr Jasmine Fang, PhD, Massey University

Additional Authors

Wei Hao

Michelle Reyers

Proposition of a new financial capability indicator

Tuesday, September 21, 2021 at 6:00 PM–7:15 PM EDT

Virtual

Keywords

Financial capability, psychological

Lead & Corresponding Author

Meg Wedlock, Massey University At Manawatu

Additional Authors

—

Beginning to Save: Rationality, Financial Knowledge, and Behavior

Wednesday, September 22, 2021 at 9:30 AM–10:45 AM EDT

Virtual

Keywords

Saving, Financial Literacy, Behavioral Finance

Lead & Corresponding Author

Anne Wittig, California Lutheran University

Additional Authors

—

Perception Bias in the Financial Knowledge of American Adults

Wednesday, September 22, 2021 at 9:30 AM–10:45 AM EDT

Virtual

Keywords

Perception-Bias; Financial-Knowledge; Two-step-procedure; Surrogate-residual; Mixed-effects-model;

Lead & Corresponding Author

Taufiq Hasan Quadria, Texas Tech University

Additional Authors

—

The role of cultural values in financial advice relationships

Wednesday, September 22, 2021 at 9:30 AM–10:45 AM EDT

Virtual

Keywords

culture, values, financial, planning, advice

Lead & Corresponding Author

Amanda Craft, Griffith Business School

Additional Authors

—

A Comparison of Financial Risk-Tolerance Assessment Methods

Wednesday, September 22, 2021 at 10:45 AM–12:00 PM EDT

Virtual

Keywords

financial risk tolerance, propensity measures, stated preferences, revelated preferences

Lead & Corresponding Author

Dr John Grable, University of Georgia

Additional Authors

Eun Jin Kwak, University of Georgia

Affirming the five languages of investment fraud.

Wednesday, September 22, 2021 at 10:45 AM–12:00 PM EDT

Virtual

Lead & Corresponding Author

Steven Lee, The American College of Financial Services

Additional Authors

—

Measuring financial advice: aligning client elicited and revealed risk

Wednesday, September 22, 2021 at 10:45 AM–12:00 PM EDT

Virtual

Keywords

Value-at-risk, Portfolio management, Financial advice

Lead & Corresponding Author

John R.J. Thompson, Wilfrid Laurier University

Additional Authors

Longlong Feng, Wilfrid Laurier University

Chuck Grace, Ivey Business School

R. Mark Reesor, Wilfrid Laurier University

Adam Metzler, Wilfrid Laurier University

Session Materials

Presentation slides

PDF, 352 KB

Taking Stock of New Investors: Race, Ethnicity, Gender and Investing Behavior

Wednesday, September 22, 2021 at 10:45 AM–12:00 PM EDT

Virtual

Keywords

New investors, race, ethnicity, gender

Lead & Corresponding Author

Angela Fontes, PhD, NORC

Additional Authors

Mark Lush

Meimeizi Zhu

Olivia Valdes, FINRA Investor Education Foundation

Robert Ganem, FINRA Investor Education Foundation

Gary R Mottola, Ph.D., FINRA Foundation

A Strategy of Dollar-Cost-Averaging, Indexing and Dynamic Asset Allocation: How Well Does It Serve the Average US Family?

Wednesday, September 22, 2021 at 12:00 PM–1:15 PM EDT

Virtual

Keywords

Modern Portfolio Theory (MPT), Efficient Markets Hypothesis (EMH), passive investing, indexing, portfolio management

Lead & Corresponding Author

Dr. Jim Fischer, CIM, FCSI, Mount Royal University

Additional Authors

—

Session Materials

A Strategy of Dollar-Cost-Averaging, Indexing and Dynamic Asset Allocation: How Well Does It Serve the Average US Family?

PDF, 357 KB

Buy and buy again: The impact of unique reference points on (re)purchase decisions

Wednesday, September 22, 2021 at 12:00 PM–1:15 PM EDT

Virtual

Keywords

purchases, representativeness; reference points, performance

Lead & Corresponding Author

Dr. Gizelle D. Willows, University of Cape Town

Additional Authors

Dr. Daniel W. Richards, York University

The Era of Retail Investors: Evidence from Reddit and Robinhood

Wednesday, September 22, 2021 at 12:00 PM–1:15 PM EDT

Virtual

Keywords

Retail investors; Reddit; Robinhood

Lead & Corresponding Author

Yuanshan Cheng, Ph.D., Winthrop University

Additional Authors

Tao Guo, William Paterson University

The Shape of the Expected Equity Risk Premium

Wednesday, September 22, 2021 at 12:00 PM–1:15 PM EDT

Virtual

Keywords

equity returns, equity risk premium, bond yields

Lead & Corresponding Author

David Blanchett, PGIM

Additional Authors

—

Comprehensive financial planning: Examining the intersection of planning for college funding and health insurance

Wednesday, September 22, 2021 at 1:15 PM–2:15 PM EDT

Virtual

Keywords

Financial planning, college planning

Lead & Corresponding Author

Steve P. Fraser, Florida Gulf Coast University

Additional Authors

Brian C. Payne, University of Nebraska at Omaha

Credit Rating Changes and Debt Structure

Wednesday, September 22, 2021 at 1:15 PM–2:15 PM EDT

Virtual

Keywords

Credit watch, credit ratings, capital structure

Lead & Corresponding Author

Joseph M. Goebel, PhD, Ball State University

Additional Authors

Kristopher J. Kemper

Session Materials

Credit Rating Changes and Capital Structure - AFS

MS Word, 6.5 MB

Credit Rating Changes and Debt Structure - AFS

MS PowerPoint, 4.34 MB

Role of Financial Knowledge, Impulsivity, and Social Motivation on Credit Card Bill Payment Behavior of College Students

Wednesday, September 22, 2021 at 1:15 PM–2:15 PM EDT

Virtual

Keywords

Financial knowledge, impulsivity, social motivation, credit card bill payment behavior

Lead & Corresponding Author

Abed Rabbani, University of Missouri

Additional Authors

Zongze Li, University of Missouri - Columbia

An Assessment of the Association between Political Orientation and Financial Risk Tolerance

Wednesday, September 22, 2021 at 2:15 PM–3:15 PM EDT

Virtual

Keywords

financial risk tolerance, political orientation, political affiliation

Lead & Corresponding Author

Dr John Grable, University of Georgia

Additional Authors

Eun Jin Kwak, University of Georgia

Dr. Dee Warmath, Ph.D., University of Georgia

Evaluating Non-financial Preferences Using a Modified MaxDiff

Wednesday, September 22, 2021 at 2:15 PM–3:15 PM EDT

Virtual

Keywords

ESG, Revealed Preferences, Non-financial, MaxDiff

Lead & Corresponding Author

Shawn Brayman, Morningstar

Additional Authors

—

Using Education and Genetic Information to Explore Stability of Risk Preference

Wednesday, September 22, 2021 at 2:15 PM–3:15 PM EDT

Virtual

Keywords

Risk Preference, Education, Genetic Information, Endogenous Risk Preference

Lead & Corresponding Author

Dongyue Ying, The Ohio State University

Additional Authors

—