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Financial News and Client Stress : Understanding the Association from a Financial Planning Perspective

초록

영어

Building client-planner relationships based on trust requires financial planners to demonstrate both technical competence and communication skills. Emerging evidence also suggests that managing client stress can lead to better client-planner interactions. This paper addresses a common question asked within the field of financial planning; namely, is financial news associated with client stress. Results from this experimental study suggest that financial planners should opt to turn off financial news programs, such as CNBC, Bloomberg, and Fox Business News in the presence of clients. Financial news was found to increase stress levels, particularly among men. Positive financial news (e.g., reports of bullishness in the stock market) created the highest levels of stress. It was hypothesized that positive financial news may trigger regret among some people.

목차

Abstract
 Introduction
 Review of Literature
 The Experiment
  Participants
  Measures
  Procedure
 Results
  All Participants
  Gender Differences
 Discussion
 Reference

키워드

저자정보

  • John E. Grable Ph.D., CFP® University of Georgia
  • Sonya L. Britt Ph.D., CFP® Kansas State University

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