he paper examines which individual traits of financial advisors influence portfolio transfer speed when a financial advisor recommends investors to migrate to a new financial intermediary. With reference to the years 2014, 2015 and 2016, one of the three leading Italian tied-agent banks provided us with an exclusive and unique dataset containing information regarding the financial advisors who had become tied agents, transferring their existing portfolios from their previous banks (traditional or tied-agent banks). We observed the ability of the migrant financial advisor in succesfully transferring the entire portfolio declared within 12 months of observation. To investigate empirically which personal traits of financial advisors determine their success in the rapid transfer of clients’ portfolios to a new financial intermediary, we applied a Cox proportional hazards model. We find that factors such as age, type of bank of origin and size of the managed financial portfolio positively affect the speed transfer. The obtained results may be interesting for guiding recruiting policies of financial intermediaries. The literature on this topic is scarce, mainly due to the lack of available data. This paper represents an original contribution to open a new field of research.

Poli, F., Lippi, A., Barbieri, L., MONEY TRANSFER BETWEEN BANKS: EVIDENCE REGARDING THE FACTORS AFFECTING SPEED OF PORTFOLIO TRANSFER WHEN ADVISORS MIGRATE, <<INTERNATIONAL JOURNAL OF BANK MARKETING>>, 2020; 2020/38 (38/2): 283-295. [doi:10.1108/IJBM-04-2019-0131] [http://hdl.handle.net/10807/142352]

MONEY TRANSFER BETWEEN BANKS: EVIDENCE REGARDING THE FACTORS AFFECTING SPEED OF PORTFOLIO TRANSFER WHEN ADVISORS MIGRATE

Poli, Federica;Lippi, Andrea
;
Barbieri, Laura
2019

Abstract

he paper examines which individual traits of financial advisors influence portfolio transfer speed when a financial advisor recommends investors to migrate to a new financial intermediary. With reference to the years 2014, 2015 and 2016, one of the three leading Italian tied-agent banks provided us with an exclusive and unique dataset containing information regarding the financial advisors who had become tied agents, transferring their existing portfolios from their previous banks (traditional or tied-agent banks). We observed the ability of the migrant financial advisor in succesfully transferring the entire portfolio declared within 12 months of observation. To investigate empirically which personal traits of financial advisors determine their success in the rapid transfer of clients’ portfolios to a new financial intermediary, we applied a Cox proportional hazards model. We find that factors such as age, type of bank of origin and size of the managed financial portfolio positively affect the speed transfer. The obtained results may be interesting for guiding recruiting policies of financial intermediaries. The literature on this topic is scarce, mainly due to the lack of available data. This paper represents an original contribution to open a new field of research.
Inglese
Poli, F., Lippi, A., Barbieri, L., MONEY TRANSFER BETWEEN BANKS: EVIDENCE REGARDING THE FACTORS AFFECTING SPEED OF PORTFOLIO TRANSFER WHEN ADVISORS MIGRATE, <<INTERNATIONAL JOURNAL OF BANK MARKETING>>, 2020; 2020/38 (38/2): 283-295. [doi:10.1108/IJBM-04-2019-0131] [http://hdl.handle.net/10807/142352]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/142352
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