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The Academy of Financial Services 35th Annual Meeting

September 21–22, 2021

Virtual

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

Tuesday, September 21, 2021 at 11:45 AM–1:00 PM EDT add to calendar
Virtual
Keywords

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

Short Description

The research purposes of this study were two faucets. First, this study examined if finance-related psychological factors (i.e., financial stress, financial risk tolerance, and financial satisfaction) were associated with financial advice-seeking behavior by types of professional services. Second, this study analyzed whether or not the financial situation affected by COVID19 was associated with financial advice-seeking behavior by types of professional services. While investigating two research purposes, demographic factors were controlled in the analytic procedure. Logistic regression analysis with seemingly unrelated estimation (SUE) was employed.

Lead & Corresponding Author

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Wookjae Heo, Ph.D., Purdue University
Job Title

Assistant Professor of Financial Counseling and Planning

Email Address

Additional Authors

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Jae Min Lee, PhD, Minnesota State University, Mankato
Job Title
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