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are co-ordinating 2 additional mini-breakout research rooms where researchers will present additional peer-reviewed, unpublished research selected from the many submissions we received.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.
Cryptocurrency Investment Mechanism: Exploring the Role of Financial Education, Investment Knowledge, and Risk Tolerance
Short Description
This study, using data from the National Financial Capability Study in 2018 and 2021, examined the impact of financial education on cryptocurrency investment decisions, focusing on the mediating roles of investment knowledge and risk tolerance. Results indicated that while objective financial knowledge often discouraged cryptocurrency investment due to perceived risks, subjective investment knowledge was enhanced by financial education, increased confidence, and willingness to invest in cryptocurrency. Risk tolerance was found to partially mediate the relationship between investment knowledge and investment decisions, especially with investors having high subjective investment knowledge. These findings suggested that effective financial education should not only increase investment knowledge but also balance risk awareness with potential rewards. This research underscored the importance of designing financial literacy programs that prepare investors for the complexities of the cryptocurrency market, aiming to boost both practical financial skills and balanced investment behavior.