This document summarizes the results of a study on the importance of rock-paper investments in wealth management, focusing on risk perception, client objectives, and advisor recommendations.
Extract
[...] Here, we perform two linear correlations: Correlation between Knowledge_Rule and Investor_Trust Scatter plot: Correlation between Market_Transparency and Investor_Trust Scatter plot: We have p-values below the threshold value. The silhouette of the scatter plots stretches along a growing straight line, and the Pearson correlation coefficients are all above 0.7. These two correlations are therefore significant and indicate that strict regulation and the publication obligations of SCPI, OPCI, SIIC and SCI contribute to investor confidence and transparency of the real estate market. [...]
[...] Client_Profile : For which client risk profile do you most often recommend rock-paper? (Ordinal scale: 1 = Prudent = Equilibrated = Dynamic = All) Client Objectives Variables (Hypothesis 12. Objectif_Revenu : Do you mainly recommend rock-paper solutions when the client's main goal is to generate a supplementary income? (Yes/No) 13. Objectif_Revalo : Do you mainly recommend rock-paper solutions when the client's main goal is long-term capital appreciation? (Yes/No) 14. Objectif_Fiscal : Do you mainly recommend rock-paper solutions when the client's main goal is tax optimization? [...]
[...] Hypothesis Investments in rock-paper present specific risks related to liquidity and volatility. Here, we examine the descriptive statistics of Risq_Liquid, Risq_Volati and Stabilite_Rendement to see how the 'advisors' perceive these risks on average. Interpretation of results: Concerning the perception of risks, the means for the liquidity risk (3.13) and the risk of volatility (3.50) are both below the median point of the scale, indicating a rather moderate risk perception in our sample. Concerning the perception of stability, the mean agreement with the statement that rock-paper offers stable returns is 5.01; this mean is significantly higher than the means of the two risk variables. [...]
[...] (Yes/No) Variables related to Regulation and Trust (Hypothesis : 17. Confiance_Investis : Please indicate your level of agreement with the following statement: general, investors have confidence in rock-paper products (SCPI, OPCI, SIIC, SCI).\" 18. Transparence_Marche : Please indicate your level of agreement with the following statement: "The rock-paper market is sufficiently transparent in terms of information available to investors." 19. Connaissance_Regle : On a scale of 1 (Very low knowledge) to 7 (Very high knowledge), how would you rate your level of knowledge of the regulation and legal framework surrounding rock-paper? [...]
[...] This indicates that clients with a risk profile 2 (prudent) have a lower probability of being associated with higher levels of importance of rock-paper-scissors compared to clients with a risk profile 3 (moderately prudent). Objectif_Fiscal=0,00 : The coefficient of -2.795 = 0.003) is significant and negative. This suggests that clients without a fiscal objective have a lower probability of being associated with higher levels of importance of rock-paper-scissors compared to clients with a fiscal objective. Therefore, the fiscal objective seems to be associated with a greater importance of rock-paper-scissors. Objectif_Retraite=0.00 : The coefficient of -4.082 = 0.004) is significant and negative. [...]
