Investor profiles

Meaningful differences in women’s use of investment advice?

Authors

  • Kathryn Simms Research Faculty, College of Health Sciences, Room 3121, Old Dominion University

DOI:

https://doi.org/10.61190/fsr.v23i3.3200

Keywords:

Financial literacy, Financial services, Investment advice, Female investors, Economics of gender

Abstract

Women in the United States face numerous financial challenges: They typically earn less than men do; they have greater probabilities of living in poverty; and they need substantial retirement funds, given their average longevity. Consequently, a comprehensive understanding of how women use investment advice to remedy these challenges is vital. However, the literature is largely mute on this issue. This study helps to fill this gap in the literature by evaluating two profiles of female investors through cluster analysis and logistic regression conducted on a large, nationally representative database collected recently. Predictors of seeking investment advice vary considerably across profiles.

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Published

2014-09-30

How to Cite

Simms, K. (2014). Investor profiles: Meaningful differences in women’s use of investment advice?. Financial Services Review, 23(3), 273–286. https://doi.org/10.61190/fsr.v23i3.3200

Issue

Vol. 23 No. 3 (2014): Fall 2014

Section

New Original Submission

License

Copyright (c) 2014 Academy of Financial Services

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