The Academy of Financial Services (AFS) is excited to be collaborating with FPA to provide an "integrated conference experience" for AFS members this year. The AFS research conference will run for the full 2.5 days of the FPA Conference as part of a dedicated research track bringing the best of AFS and the Journal of Financial Planning (JFP) to you.
- A dedicated Research Room for presentations designed to bring the most relevant research impacting professional financial planners. This includes research sessions sponsored by the JFP and peer-reviewed research papers presented by AFS members. These sessions are CE credit approved.
- The winner of the JFP's Montgomery-Warschauer Award for best research from the prior year will present their research.
- In the Research Room AFS will coordinate other research content such as a panel discussion with the editors of the 4 major FP research journals explaining to planners and academics the type of research content to be found, how to best consume/digest research and apply it to a FP practice and more.
- A new FP Research Shark Tank. Based on the format of the popular TV series a select number of researchers will do 5 minute "pitches" on research that they believe would be significantly impactful for practitioners. Planners and researchers will then vote on the most exciting research proposal.
- AFS are co-ordinating 2 additional mini-breakout research rooms where researchers will present additional peer-reviewed, unpublished research selected from the many submissions we received. A timetable of these sessions can be found below.
- AFS will manage the research rooms for fully-hybrid attendance with face-to-face or virtual attendance. Although the content will be exceptional, we hope to see many of you in person as the networking, exhibit hall, FPA keynote speakers and other sessions outside of the research cannot be experienced any other way.
Empirical Study Of Financial Literacy And Gender Differences Among Working Professionals In Nairobi, Kenya
Short Description
The Organisation for Economic Co-operation and Development (OECD) defines financial literacy to include knowledge, attitudes and behaviours related to choices on spending, saving, investing and borrowing. While professionals in white-collar jobs can be considered highly educated, are they really financially literate? This study sought to assess financial literacy of Nairobi professionals, by employing the measurement toolkit by OECD. This study found that working professionals in Nairobi have levels of financial literacy that exceed OECD’s minimum target, driven by high levels of knowledge and good behaviour. Further, women were slightly more financially literate than men, because their better financial behaviours and attitudes made up for their gaps in financial knowledge. This paper also identified key knowledge, behaviour and attitude gaps for Nairobi professionals and made recommendations which are important for other researchers, regulators and market players developing investment products.