By FPA staff
The Financial Planning Association and Janus Capital Group announced the recipients of the 2008 Financial Frontiers Awards, a program designed to highlight current efforts in advanced research and thinking in financial services.
In the Financial Planning Techniques category, James A. Shambo, CPA/PFS, received an award for "The Hedonic Pleasure IndexTM: An Enhanced Model for Spending Inflation," which challenges the accepted use of the Consumer Price Index as the benchmark for "spending inflation" in simulation software and "safe initial withdrawal" studies.
In the Financial Planning Concepts category, Richard S. Kahler, CFP®, ChFC, CCIM, was selected for "Who Is Planning for the Planner? Becoming Consumers of Our Profession." He examines the idea of financial planners seeking the services of their colleagues-why there's resistance, and the benefits of planners working with planners.
Shambo and Kahler will present their winning papers at FPA Boston, FPA's annual conference scheduled for October 4-7, 2008.
Editor's Choice Awards were given to William Reichenstein, Ph.D., CFA, for "Calculating After-Tax Asset Allocation Is Key to Determining Risk, Returns, and Asset Location" (July 2007); Charles D. Robinson, CFP®, for "A Phased-Income Approach to Retirement Withdrawals: A New Paradigm for a More Affluent Retirement" (March 2007); and William J. Coaker II, CFP®, CFA®, CIMA®, for "Emphasizing Low-Correlated Assets: The Volatility of Correlation" (September 2007).
For more information, visit www.financialfrontiersawards.org.