John Grable

Financial Planning, Housing and Consumer Economics

Athletic Association Endowed Professor of Family and Consumer Sciences

Dr. John Grable is a Certified Financial Planner professional, researcher, and author.

123 Barrow Hall
115 DW Brooks Dr.
Athens, GA 30602

grable@uga.edu

http://fpplab.com

https://www.linkedin.com/in/j-e-grable-6857b3253/

Curriculum Vitae

Education

Degree	Field of Study	Institution	Graduation
Ph.D.	Resource Management/Personal Financial Planning	Virginia Tech	1997
MBA	Business Administration	Clarkson University	1988
B.S.	Economics/Business Administration	University of Nevada	1987

Research

My research interests include financial risk-tolerance assessment, behavioral financial planning, and financial decision making. My work tends to be applied and focused on helping consumers and financial service professionals navigate the increasingly complex financial marketplace. Working with colleagues in my Financial Planning Performance Lab, I am actively engaged in conducting evidence-based research.

Teaching

Foundations of Financial Planning; Capstone/Case Studies in Financial Planning; Research Methods

Prior Professional Positions

Organization	Title	Years of Service
Kansas State University	Professor	1999-2012
Texas Tech University	Assistant Professor	1997-1999

Awards

Award Name	Awarded By	Year Awarded
Financial Therapy Association Hall of Fame	Financial Therapy Association	2023
Outstanding Paper Award (with A. Rabbani)	Review of Behavioural Finance, Emerald Publications	2022
Best Applied Research Award (with S. Brayman, P. Griffin, & M. Finke).	Financial Planning Association Annual Conference	2016
Outstanding Conference Paper (with W. Heo and A. Rabbani).	Financial Therapy Association	2015
Outstanding Journal Paper (with J. Henegar, K. Archuleta, S. Britt, N. Anderson, & A. Dale).	Association for Financial Counseling and Planning Education Symposium	2014
Mid-Career Award	American Council on Consumer Interests	2011

Editorial Appointments

Position	Name of Journal	Year(s)
Editor	Financial Services Review	2023 - present
Co-Editor	Financial Planning Review	2017 - 2022
Economics & Investment Management Columnist	Journal of Financial Service Professionals	2013 - 2022
Co-Editor	Journal of Financial Therapy	2009 - 2012
Editor	Journal of Personal Finance	2011 - 2006

Outreach

Editor, Financial Services Review (2023 - present)

Co-editor, Financial Planning Review (2017 - 2022)

American Council on Consumer Interests (ACCI): Past Treasurer and President

Association for Financial Counseling and Planning Education (AFCPE): Certification Council, 2014 – 2016

Financial Therapy Association: Founding Board Member

Financial Planning Associaiton: Past Academic Editor (Journal of Financial Planning)

Certified Financial Planner Board of Standards, Inc.

Core Curriculum Standards Task Force, 2006.
Trends in Financial Planning Task Force, 2009.
Curriculum and Instruction Working Group, 2011
Council on Education, 2011 – 2014 (Chair, 2014)

Areas of Expertise

Financial Risk Tolerance Assessment

Behavioral Financial Planning

Evidence-Based Clinical Assessments

Financial Help-Seeking Behavior

Biographical Profile

Dr. John Grable, CFP® teaches and conducts research in the Certified Financial Planner Board of Standards Inc. undergraduate and graduate programs at the University of Georgia where he holds an Athletic Association Endowed Professorship. He was one of the founding members of the Financial Therapy Association. Prior to entering the academic profession, he worked as a pension/benefits administrator and later as a Registered Investment Adviser in an asset management firm. Dr. Grable has served the financial planning profession as the founding editor of the Journal of Personal Finance and co-founding editor of the Journal of Financial Therapy and Financial Planning Review. He currently serves as the editor of Financial Services Review. Dr. Grable is best known for his work in the areas of financial literacy and education, financial risk-tolerance assessment, behavioral financial planning, and evidence-based financial planning. He has been the recipient of numerous research and publication awards and grants and is active in promoting the link between research and financial planning practice where he has published over 150 refereed papers, co-authored several textbooks, co-authored a financial planning communication book, co-authored a financial counseling book, and co-edited a financial planning and counseling scales book. Since earning his doctorate, Dr. Grable has served on the Board of Directors of the International Association of Registered Financial Consultants (IARFC), as Treasurer and President for the American Council on Consumer Interests (ACCI), as Treasurer and board member for the Financial Therapy Association, and as an Academy of Financial Services board member. He has received numerous awards, including the prestigious Cato Award for Distinguished Journalism in the Field of Financial Services, the IARFC Founders Award, the Dawley-Scholer Award for Faculty Excellence in Student Development, and the ACCI Mid-Career Award.

Books

Byram, J. L., McCoy, M., Kruger, M., & Grable, J. E. (2023). Financial planning counseling skills. Erlanger, KY: ALM Global, LLC.

Grable, J. E., & Chatterjee, S. (eds.). (2022). De Gruyter handbook of personal finance. Berlin: De Gruyter.

Grable, J., & Palmer, L. (2019). Introduction to personal finance: Beginning your financial journey. Hobboken, NJ: Wiley.

Grable, J. E., Sages, R., & Kruger, M. (2019). The case approach to financial planning. Cincinnati, OH: National Underwriter.

Grable, J. E., Kruger, M., & Ford. M. (2019). The fundementals of writing a financial plan. Cincinnati, OH: National Underwriter.

Chatterjee, S., Goetz, J., Grable, J. E., & Palmer, L. (2018). Wiley study guide for 2018 CFP exam: Complete set (1st ed.). Hobboken, NJ: Wiley.

Grable, J. E., Yao, R., & Lei, S. (2017). Financial planning: An international perspective. Beijing: China FPH.

Grable, J. E., & Goetz, J. (2017). Communication essentials for financial planners: Strategies and techniques. Hoboken, NJ: Wiley.

Grable, J. E., Archuleta, K., & Nazarinia, R. (eds.). (2010). Financial planning and counseling scales. New York: Springer.

Current Classes

FHCE 5250 Capstone in Financial Planning

FHCE 7250E Capstone in Advanced Financial Planning

FHCE 8025E Research Evaluation and Theory in Financial Planning

FHCE 8200E Financial Planning and Analysis

Current Research

My students and I are currently working on projects related to financial risk tolerance assessment. A separate line of research involves the clinical evaluation of financial planning practice standards and models.

Job Description

Journal Articles

Grable, J. E., Kwak, E-J., & Archuleta, K. (2023). Distrust of banks among the unbanked and banked. International Journal of Bank Marketing.

Kruger, M., Grable, J. E., Palmer, L, & Goetz, J. (2023). Factors associated with couples pooling their finances. Contemporary Family Therapy. doi.10.1007/s10591-023-09666-9

Grable, J. E., & Rabbani, A. (2023). The moderating effect of financial knowledge on financial risk tolerance. Journal of Risk and Financial Management, 16(2), 137. doi.org/10.3390/jrfm16020137

Grable, J. E., Warmath, D., & Kwak, E-J. (2022). An Assessment of the Association between Political Orientation and Financial Risk Tolerance. Journal of Risk and Financial Management, 15(5), 199. doi.org/10.3390/jrfm15050199

Grable, J. E., & Kwak, E-J. (2022). The disappointment dilemma: The role of expectation proclivity and disappointment aversion in describing financial risk aversion and investing risk-taking behavior. Journal of Financial Counseling and Planning. https://connect.springerpub.com/content/sgrjfcp/early/2022/02/11/jfcp-2021-0012

Heo, W., Rabbani, A., Grable, J. E., & Roszkowski, M. (2022). The alpha and omega of financial risk-tolerance assessment. Financial Planning Review, 5, 2022;e1138. https://doi.org/10.1002/cfp2.1138

Rabbani, A., & Grable, J. E. (2022). Can portfolio risk be described with estimates of financial risk tolerance calibration? Finance Research Letters, 102492

Exley, J. W., Doyle, P., Campbell, W. K., & Grable, J. E. (2022). OCEAN wealth profiles: A latent profile analysis of personality traits and financial outcomes. Personality and Individual Differences, 185, 111300. https://doi.org/10.1016/j.paid.2021.111300

Warmath, D., Chen, P-J., Kwak, E-J., & Grable, J. E. (2021). Soft landings: Extending the cushion hypothesis to financial well-being in collectivistic cultures. Journal of Consumer Affairs, 55(4), 1563-1590. https://doi.org/10.1111/joca.12408

Rabbani, A., Heo, W., & Grable, J. E. (2021). The role of financial literacy in describing the use of professional financial advisors before and during the COVID-19 pandemic. Journal of Financial Service Marketing, 26, 226-236. https://doi.org/10.1057/s41264-021-00109-w

Grable, J. E., & Kwak, E-J. (2021). The role of disappointment aversion and expectation proclivity in describing financial risk aversion among financial decision makers. International Journal of Bank Marketing, 39, 1333-1352. https://doi.org/10.1108/IJBM-12-2020-0593

Rabbani, A. G., Grable, J. E., O’Neill, B., Lawrence, F., & Yao, Z. (2021, in press). Financial risk tolerance before and after a stock market shock: Testing the recency bias hypothesis. Journal of Financial Counseling and Planning, 32(2), 294-310.

Byram, J. L., Grable, J., White, K. J., Thomas, M., & Watkins, K. (2021). Improving youth financial literacy: A profile of middle school camp attendees. Journal of Extension, 59(4). Article 2. https://doi.org/10.34068/joe.59.04.02

Grable, J. E., Kruger, M., Byram, J-L., & Kwak, E-J. (2021). Perceptions of a Partner’s spending and saving behavior and financial satisfaction. Journal of Financial Therapy 12(1), 31-50.

Grable, J. E., Joo, S-H., & Kwak, E-J. (2021). Describing gambling affinity: The role of personality traits. Journal of Financial Therapy, 12(1), 102-126.

Rabbani, A., Yao, Z., Wang, C., & Grable, J. E. (2021). Financial risk tolerance, sensation seeking, and locus of control among pre-retirement baby boomers. Journal of Financial Counseling and Planning, 32(1), 148-157.

Heo, W., Rabbani, A., & Grable, J. E. (2021). An evaluation of the effect of the COVID-19 pandemic on the risk tolerance of financial decision makers. Finance Research Letters. doi.org/10.1016/j.frl.2020.101842

Grable, J. E., Kwak, E-J., Fulk, M., & Routh, A. (2020). A simplified measure of investor risk aversion. Journal of Interdisciplinary Economics, 34(1), 7-34. doi.org/10.1177/0260107920924518

Grable, J. E, Joo, S-H., & Kruger, M. (2020). Risk tolerance and household financial behavior: A test of the reflection effect. IIMB Management Review, 32, 402-412.

Kwak, E-J., & Grable, J. E. (2020). Conceptualizing the use of the term financial risk by non-academics and academics using Twitter messages and ScienceDirect paper abstracts. Social Network Analysis and Mining. doi.org/10.1007/s13278-020-00709-9

Grable, J. E., Heo, W., & Rabbani, A. (2020). Characteristics of random responders in a financial risk tolerance questionnaire. Journal of Financial Services Marketing, 26, 1-9. doi.org/10.1057/s41264-020-00078-6

Heo, W., Grable, J. E., & Rabbani, A. (2020). A Test of the association between the initial surge in COVID-19 cases and subsequent changes in financial risk tolerance. Review of Behavioral Finance. doi.org/10.1108/RBF-06-2020-0121

Heo, W., Park, N., Lee, J-M., & Grable, J. E. (2020). Using artificial neural network techniques to improve the description and prediction of household financial ratios. Journal of Behavioral and Experimental Finance, 100273. doi.org/10.1016/j.jbef.2020.100273

Grable, J. Joo, S-H., & Kwak, E-J. (2020). An assessment of the strength of association between stated and revealed risk preference measures. Korean Financial Planning Review, 13(3), 77-98.

Hubble, A., Grable, J. E., & Kruger, M. (2020). Do as I say, not as I do: An analysis of portfolio development recommendations made by financial advisors. The Journal of Wealth Management, 22(4), 62-73.

Publications

White Papers

Hubble, A., Grable, J. E., & Dannhauser, B. (2020). Investment Risk Profiling: A Guide for Financial Advisors. CFA Research Reports. https://www.cfainstitute.org/en/research/industry-research/investment-risk-profiling

Brayman, S., Finke, M., Bessner, E., Grable, J., Griffin, P., & Clement, R. (2015). Current Practices for Risk Profiling in Canada and Review of Global Best Practices. Research Report prepared for the Investor Advisory Panel of the Ontario Securities Commission. https://www.osc.gov.on.ca/documents/en/Investors/iap_20151112_risk-profiling-report.pdf


		Invited Columns Grable, J. E., & Hubble, A. (2022). Bonds: A point-counterpoint discussion. Journal of Financial Service Professions, 76(3), 18-22. Grable, J. E., & Hubble, A. (2022). Fit-for-purpose: What it means in the context of risk-tolerance assessment. Journal of Financial Service Professionals, 76(1), 10-13. Grable, J. E., & Cupples, S. (2021). Three long-term savings strategies for adventurous investors. Journal of Financial Service Professionals, 75(3), 13-16. Grable, J. E. (2021). Market corrections, panics, and COVID-19. Journal of Financial Service Professionals, 75(1), 10-13. Bogan, V. L., Geczy, C. C., & Grable, J. E. (2020). Financial planning: A research agenda for the next decade. Financial Planning Review, 2020;e1094. https//doi.org/10.1002/cfp2.1094 Grable, J. E. (2020). Do presidential elections predict market returns? Journal of Financial Service Professionals, 74(5), 11-14. Grable, J. E. (2020). How reliable is your risk-tolerance questionnaire? Journal of Financial Service Professionals, 74(3), 10-14. Grable, J. E. (2020). Are Americans financially illiterate? Journal of Financial Service Professionals, 74(1), 11-14. Grable, J. E. (2019). An introduction to Kondratieff waves. Journal of Financial Service Professionals, 73(3), 19-22. Grable, J. E. (2019). A primer on finding finance and economics research relevant to practice. Journal of Financial Service Professionals, 73(5), 17-20. Heo, W., & Grable, J. E. (2019). A new method for anticipating changes in investment market conditions. Journal of financial Service Professionals, 73(1), 18-23. Grable, J. E., & Lyons, A. C. (2018). An introduction to big data. Journal of Financial Services Professionals, 72(5), 17-20. Grable, J. E. (2018). Another look at risk-profiling. Journal of Financial Service Professionals, 72(3), 18-21. Grable, J. E., & Lyons, A. C. (2018). Exploring the theoretical and methodological issues surrounding the relationship between risk tolerance and wealth accumulation. Journal of Financial Service Professionals, 72(1), 11-15. Grable, J. E., & Rabbani, A. (2017). Does engagement in the stock market shape willingness to take financial risk? Journal of Financial Service Professionals, 71(5), 17-20. Heo, W., & Grable, J. E. (2017). Demand for life insurance: A consumer perspective. Journal of Financial Service Professionals, 71(3), 19-22. Grable, J. E., & Heo, W. (2017). Insights into the relationship between risk tolerance and market volatility. Journal of Financial Service Professionals, 71(1), 16-20. Grable, J. E., & Chatterjee, S. (2016). What you need to know about constant relative risk aversion. Journal of Financial Service Professionals, 70(5), 16-18. Grable, J. E., & Heo, W. (2016). Risk tolerance and changes in equity ownership. Journal of Financial Service Professionals, 70(3), 20-22. Grable, J. E., & Chatterjee, S. (2016). Sequence of returns risk before retirement. Journal of Financial Service Professionals, 70(1), 16-19. Grable, J. E., & Chatterjee, S. (2015). Another look at lump-sum versus dollar-cost averaging. Journal of Financial Service Professionals, 69(5), 16-18. Nobre, L. H. N., & Grable, J. E. (2015). The role of risk profiles and risk tolerance in shaping client decisions. Journal of Financial Service Professionals, 69(3), 18-21. Grable, J. E. (2015). Are your clients really a stock or bond? A human capital perspective. Journal of Financial Service Professionals, 69(1), 16-18. Grable, J. E., & Chatterjee, S. (2014). Time-weighted versus dollar-weighted returns: A glimpse into the accuracy debate. Journal of Financial Service Professionals, 68(5), 12-14. Grable, J. E., & Chatterjee, S. (2014). The Sharpe ratio and negative excess returns: The problem and the solution. Journal of Financial Service Professionals, 68(3), 12-14. Grable, J. E., & Heo, W. (2014). Introduction to Financial Risk Tolerance. Korean Financial Planning Association Journal. www.fpkorea.com/Library/FP.journal.read.asp?bm_key=161&bd_key=11618&p_section=&p_is_open=&is_sch=&kWt= Grable, J. E., & Carr, N. A. (2014). Risk tolerance and goal-based financial planning. Journal of Financial Service Professionals, 68(1), 12-14. Grable, J.E. (2013). Psychophysiological economics: Introducing an emerging field of study. Journal of Financial Service Professionals, 67(5), 16-18. Grable, J. E. (2013). Is risk tolerance stable? The role of projection bias. Journal of Financial Service Professionals, 67(1), 14-16. Grable, J. E. (2013). Gender, wealth, and risk: Why are baby boomer women less risk tolerant than baby boomer men? Journal of Financial Services Professionals, 67(3), 7-9.