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<p>The COVID-19 crisis presents an opportunity for the financial advice sector to demonstrate its importance. This paper examines literature from multiple disciplines to better understand the nature of a crisis, the role that expert advisers play and the value of advice to clients during a crisis. The literature demonstrates the multidimensional nature of a crisis, the need for a sophisticated approach to client-professional relationships and the positive impact of professional financial advice on wellbeing during and beyond a crisis. The findings motivate further research to establish a more detailed framework for understanding the value of financial advice.</p>
</abstract>

The COVID-19 crisis presents an opportunity for the financial advice sector to demonstrate its importance. This paper examines literature from multiple disciplines to better understand the nature of a crisis, the role that expert advisers play and the value of advice to clients during a crisis. The literature demonstrates the multidimensional nature of a crisis, the need for a sophisticated approach to client-professional relationships and the positive impact of professional financial advice on wellbeing during and beyond a crisis. The findings motivate further research to establish a more detailed framework for understanding the value of financial advice.

The Value of Financial Advice in a Crisis: A Multidisciplinary Literature Review

Financial Planning Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"The Value of Financial Advice in a Crisis: A Multidisciplinary Literature Review"}

The COVID-19 crisis presents an opportunity for the financial advice sector to demonstrate its importance. This paper examines literature from multiple...

The Value of Financial Advice in a Crisis: A Multidisciplinary Literature Review

Published Online: Mar 15, 2024

Page range: 65 - 87

DOI: https://doi.org/10.2478/fprj-2021-0004

© 2021 Ellana Loy et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.