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dc.contributor.authorMøller, Amanda Staude
dc.contributor.authorRita Maria, Gunnerød
dc.date.accessioned2020-01-23T07:26:26Z
dc.date.available2020-01-23T07:26:26Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11250/2637543
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2019nb_NO
dc.description.abstractMost individual retail investors today rely on recommendations from financial advice when investing in stocks or bonds. Understanding the impact of financial advice on individual investors portfolio decision is thus of great importance, yet relatively little is known about this topic. This paper contributes to the understanding of the effects of financial advice on investors’ asset allocation and examines whether clients act according to their estimated risk profile or if other determinants influence their decisions. Our results show that financial advisors exert little influence over their clients’ asset allocation, and differences is rather due to clients’ attributes, particularly risk tolerance and investment horizon. Further, we find no evidence that deviations from recommended investment (based on clients’ attributes) are due to advisors’ influence. Actually, the findings indicate a weak explanatory power of both client and advisor characteristics on equity deviation, and a remarkable difference in client’s deviation from recommendations remains unexplained.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.titleFinancial advisors influence on private investors’ financial decisionsnb_NO
dc.typeMaster thesisnb_NO


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