Seminar: Does Financial Advice create any value at all?

Does Financial Advice create any value at all? And what are the consequences if there is no guidance?

Wednesday, March 22, 2017 - 16:30 to 18:00

As individuals, we are constantly assumed greater responsibility for our own financial well-being in recent years and the complexity will only increase with longevity and a rapidly aging population.

Many scholars have persistently argued that the only efficient solution is to invest in index funds. But is this right when 80 % of most consumers have no interest and limited financial literacy.

In parallel, consumers are faced with financial services and products characterized by a growing complexity, wall of regulation and incomprehensible tax legislation. In a low/zero interest environment totally different risk profiles are needed, if one does not want only to be in cash and get nothing as return

In view of these developments - which make the misallocation of funds both more likely and more momentous - professional financial advice as a qualified source of guidance, appears to be a promising approach to avoid making poor financial decisions. Specifically, for individuals with low levels of financial literacy, but how can one assure that their interests are safeguarded in the future?




16.30 – 17.00

Individuals’ use of financial advice: the role of portfolio performance, trust, and financial literacy.


Oscar Stolper

17.00 – 17.30

Does financial advice create value – what is the conclusion from global research?


Bersant Hobdari

17.30 – 18.00

How do we safeguard the interest between commercial interests and the individual consumer?

Niels-Ulrik Mousten

Please register your attendance by sending an e-mail to no later than March 20, 2017

The page was last edited by: Department of International Economics and Management // 12/17/2017