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Financial advisors, financial ecologies and the variegated financialisation of everyday investors

Bibliographic Data

ID8964002
AuthorsKaren P Y Lai, Karen Py Lai (0000-0003-4654-9819, Department of Geography National University of Singapore Singapore 117570, corresponding author)
Year2015
Volume41
Issue1
Pages27-40
Publication date2015-09-23
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueTransactions of the Institute of British Geographers (JOURNAL)
Journal identifiersISSN: 0020-2754 • E-ISSN: 1475-5661
PublisherWiley (PUBLISHER • GB)
DOI10.1111/tran.12101
OpenAlexW1961211638
LanguageEN
Citations received35
References cited43

While recent work on financialisation of everyday life has elucidated the reshaping of everyday consumers as risk‐taking investors, the role of financial advisors ( FA s) has been overlooked, even though they are key intermediaries in articulating households and individuals into circuits of global finance. Through a financial ecologies approach, this paper focuses on FA s to reveal the ambiguities and inconsistencies inherent in their professional practice as varied modes of corporate management and organisational practices lead to differentiated encounters that shape the financial knowledge and investment decisions of clients. Empirical analysis is based on industry reports, regulatory documents, personal interviews and ethnographic fieldwork at professional training and networking events. The findings demonstrate how professional intermediaries like FA s are vital in explaining the shifting and uneven configuration of investor subjects. A critical analysis of FA s reveals how the decision making process and investment practices of consumers are fraught with knowledge asymmetries and embedded in distinctive financial ecologies with variegated outcomes. The ecologies concept is mobilised to explain the resilience or fragility of relational formations, the entanglement of diverse elements and motivations in the variegated formation of investor subjects, and the operation of constitutive ecologies within the financial system

Business · Economics · Everyday life · Financial intermediary · Intermediary · Investment (military · Political science · Politics · Psychological resilience · Public relations · Sociology · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Psychology · Social Psychology

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Unique citing works35
Citations per year3,5
Citation span2016 - 2026 (11)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 33

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