Linh Thi My Nguyen|Gerry Gallery|Cameron Newton
The Influence of Financial Risk Tolerance on Investment Decision-Making in a Financial Advice Context
Vietnam National University Ho Chi Minh City|Queensland University of Technology|Queensland University of Technology
client risk tolerance universally assessed advisory process help financial advisers provide suitable advice assists clients investment decisionmakingalthough wellestablished literature risk tolerance decisionmaking little known financial risk tolerance influence investor decisions financial advice contextthus purpose study examine influence focus key expected risk tolerance determinants client financial literacy trust financial advice service relationship length servicea new theoretical model related hypotheses proposed tested using survey data financial adviser clients australia n538results revealed positive relationship client risk tolerance investment decisionmakingfurther client trust relationship length service found positively associated client financial literacy risk tolerancethese findings provide comprehensive understanding risk tolerance antecedents influence client decisions potential improve advice financial services industry