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Type: Journal article
Title: The determinants of customer satisfaction in the financial planning industry
Author: Zamin Ali, S.
Citation: JASSA, 2015; (4):19-26
Publisher: Financial Services Institute of Australasia
Issue Date: 2015
ISSN: 0313-5934
Statement of
Akbar Ali, Yessy Peranginangin, Matthew Walsh
Abstract: Given the recent well-publicised failings in the financial planning industry, it is increasingly important for financial planners to recognise and understand the determinants of customer satisfaction. We examine whether technical service quality (delivering service in the right way) is more important than functional service quality (delivering service nicely) in ensuring satisfied customers. Using longitudinal customer satisfaction data from the Lifeplan ICFS Advice Satisfaction Index, we find that both technical and functional service quality positively affect customer satisfaction but technical service quality has a greater impact in driving customer satisfaction. Our results suggest that increasing technical service quality would be an efficient way for planners to ensure they have a satisfied customer base.
Keywords: Finance--planning; consumer satisfaction; research--methodology; regression analysis--mathematical models; financial planning industry
Rights: © Financial Services Institute of Australasia
Published version:;dn=022171680022855;res=IELAPA
Appears in Collections:Aurora harvest 3
Economics publications

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