Construct · 1 fields · 1 citations

conflicted financial advice: a standalone construct

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Household finance

advice from intermediaries whose pay depends on the products they recommend, which can steer clients poorly.

In household finance, conflicted financial advice refers to advice from intermediaries whose pay depends on the products they recommend, which can steer clients poorly. This meaning comes from Inderst (2012) in Journal of Financial Economics.[1]

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household finance1 fields · 1 citationsanchor · a standalone construct

References

Inderst, R., & Ottaviani, M. (2012). How (not) to pay for advice: A framework for consumer financial protection. Journal of Financial Economics, 105(2), 393-411. https://doi.org/10.1016/j.jfineco.2012.01.006

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