O artykule
Data publikacji: 19 mar 2024
Zakres stron: 68 - 86
Otrzymano: 01 gru 2016
Przyjęty: 15 cze 2017
DOI: https://doi.org/10.2478/fprj-2017-0009
© 2017 Janine K. Scott, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Descriptive statistics for all households alongside those who use the services of a Registered Financial Adviser (RFA) or an Authorised Financial Adviser with the Certified Financial Planning designation, specific to New Zealand (AFA-CFPCM)
| 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 |
Chi-square statistics for demographic and income characteristics based on the use of a RFA or an AFA-CFPCM
| 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 | |
Demographic characteristics for all survey respondents, N=445
| 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 |