Gender | Male | 59 | 72 | 62 |
Female | 39 | 26 | 36 | |
Marital status | Single | 46 | 33 | 27 |
Married | 54 | 67 | 73 | |
Age | 18-29 | 3 | 5 | 0 |
30-49 | 18 | 11 | 23 | |
50-59 | 20 | 19 | 31 | |
60-69 | 23 | 46 | 34 | |
≥70 | 8 | 17 | 10 | |
Education | Secondary School or Below | 10 | 10 | 14 |
Trade | 19 | 33 | 26 | |
Bachelor’s Degree | 23 | 26 | 28 | |
Higher Degree | 16 | 24 | 24 | |
Income | Low Income (<$50,000) | 9 | 25 | 14 |
Mid-Low Inc. ($50,001-$80,000) | 11 | 21 | 8 | |
Mid Inc. ($80,001-$110,000) | 12 | 16 | 9 | |
Mid-high Inc. ($110,001-$140,000) | 12 | 12 | 18 | |
High Inc. (>$140,000) | 20 | 14 | 43 | |
Financial Professional | RFA | 19 | 100 | 0 |
AFA | 12 | 0 | 0 | |
AFA & CFPCM | 22 | 0 | 100 | |
Adviser compensation | Fee-only | 22 | 44 | 47 |
Commission only | 6 | 7 | 9 | |
Combination of fee & commission | 23 | 46 | 40 |
RFA | AFA-CFPCM | |||
---|---|---|---|---|
Chi-Square | P-value | Chi-Square | P-value | |
Male | 32.67 | 18.12 | ||
Female | 0.05 | 0.82 | 3.05 | 0.08 |
Secondary School or below | 0.002 | 0.96 | 2.78 | 0.96 |
Trade Cert | 13.57 | 3.97 | 0.05 | |
Bachelor’s Degree | 0.72 | 0.40 | 2.07 | 0.15 |
Higher Degree | 4.76 | 6.23 | ||
Income <$50,000 | 30.85 | 3.53 | 0.06 | |
$50,001-80,000 | 1.08 | 0.30 | 1.19 | 0.28 |
>$140,000 | 2.26 | 0.13 | 41.47 |
Demographics | All households (in %) | |
---|---|---|
Gender | Male | 59 |
Female | 39 | |
Marital Status | Single | 46 |
Married | 54 | |
Age | 18-29 | 3 |
30-49 | 18 | |
50-59 | 20 | |
60-69 | 23 | |
≥70 | 8 | |
Education | Secondary School or Below | 10 |
Trade | 19 | |
Bachelor’s | 23 | |
Higher Degree | 16 | |
Income | <$50,000 | 9 |
$50,001-$80,000 | 11 | |
$80,001-$110,000 | 12 | |
$110,001-$140,000 | 12 | |
>$140,000 | 20 | |
Financial professional | RFA | 19 |
AFA | 12 | |
AFA & CFP | 22 | |
Adviser compensation | Fee-only | 22 |
Commission only | 6 | |
Combination of fee and commission | 23 | |
Advice Services | Cash Management | 31 |
Personal Risk Management | 38 | |
Property Risk Management | 20 | |
Retirement Planning | 64 | |
Investment Planning | 84 | |
Other | 3 | |
Race | NZ European | 91 |
Maori | 2 | |
Pacific Islander | 2 | |
Asian | 3 | |
Other | 5 |