Category Archives: In the News

Important Financial Planning Journals

Whenever a financial planning practitioner or regulator visits the Financial Planning Performance Lab they almost always ask, “What should I be reading to keep current with the research?” Our answers—depending on who responds—tend to be somewhat evasive. The fact is that there are just a handful of academic journals that publish research on the tools, techniques, and processes of financial planning. Each journal provides a unique approach and focus. While there are quite literally hundreds of “finance” journals, the list of journals relevant to financial planning is quite limited, which makes answering the “what should I read” question a bit difficult.


Here is our core list of journals that we encourage graduate students to review on a quarterly basis. Some of the journals provide “specific financial planning content” whereas others occasionally publish papers that have planning implications. For those seeking a more comprehensive list check out one the Lab’s working papers:


Journal Specific Financial Planning Content Content Relevant to the Practice of Financial Planning
Financial Services Review X
Insurance & Risk Management Journal X
Journal of Behavioral Finance X
Journal of Consumer Affairs X
Journal of Economic Psychology X
Journal of Family and Economic Issues X
Journal of Financial Services Research X
Journal of Finance X
Journal of Financial Counseling and Planning X
Journal of Financial Education X
Journal of Financial Planning X
Journal of Financial Service Professionals X
Journal of Financial Therapy X
Journal of Investing X
Journal of Personal Finance X
Journal of Portfolio Management X
Journal of Retirement X
Journal of Retirement Planning X
Journal of Risk and Insurance X
Journal of Risk and Uncertainty X
Journal of Wealth Management X
Quarterly Review of Economics and Finance X


A word of caution is in order. Unlike popular press magazines, such as InvestmentNews, Investor Advisor, and Financial Planning Magazine, the journals listed here tend to be a bit—now to put this politely—boring. These journals are rigorously peer review, which means that each published paper has gone through multiple levels of academic review. The result is that sometimes financial planners need to search for ways to apply findings to their own practice.


If you are interested specifically in recent work coming out of the Lab, check out the Journal of Financial Therapy and the Journal of Financial Counseling and Planning – these two journals do a great job editing submissions for maximum practical impact.

Is There a Health-Wealth Connection?

There is a commonly held belief among policy makers, researchers, and those in the media that there is a health-wealth connection. Basically, it assumed that those who watch their health by limiting fats and sugars, and those who regularly exercise, also exhibit the best financial behaviors. There is some truth to this. Smokers, for example, don’t accumulate as much wealth over their lifespan and they tend to die earlier than non-smokers. This does not mean, however, that simply because someone is physically healthy they will automatically be a better money manager.

A new publication shows that the real health-wealth connection may not be a physical one. Nick Carr, Ron Sages, Fred Fernatt, George Nabeshima, and John Grable documented that individuals who engage in health information search behaviors, such as reading the contents and nutrition labels of foods, are more likely to engage in financial planning activities. They called this a form of cognitive health behavior. Essentially, it looks like people who take the time to dig a little deeper into the details of foods also dig deeper into the financial details of their lives.

The paper was published in Volume 26, Issue 1 of the Journal of Financial Counseling and Planning (pp. 3-16). While the paper itself is a bit long and dry, the results have significant implications in explaining why some people are more successful than others in domains of physical and fiscal health.

Disclaimer: Dr. John Grable, the Director of the Financial Planning Performance Lab, was a co-author of the study.