Financial Advice Markets: A Cross-Country Comparison

Jeremy Burke ; Angela A. Hung

RAND Corporation

RAND Corporation

关键词: United Kingdom;    Banking and Financial Services;    European Union;    United States;    Australia;    Germany;    Singapore;    Financial Decision Making;    Banking and Finance Legislation;   

DOI  :  10.7249/RR1269
RP-ID  :  RR-1269-DOL

学科分类：自然科学（综合）

美国|英语

来源: RAND Corporation Published Research

【 摘 要 】

Because many people are ill equipped to make complex financial decisions on their own, financial advisers can provide a valuable service in helping investors make such decisions. Given that conflicts of interest may influence advisers' behavior in ways that may be detrimental to their clients' interests, it is informative to examine how countries around the world have used regulation to try to improve the quality of financial advice, and how the regulatory tools used have affected their respective financial advice markets. This review compares the financial advice markets in the United States, the United Kingdom, Australia, Germany, Singapore, and the European Union, for a cross-section of countries that recently made regulatory changes aimed at improving financial advice.