Prestigious Awards Presented at Upcoming Annual Conference
DENVER, September 28, 2012 – The Financial Planning Association® (FPA®) today announced the winners of its top awards, which will be presented at FPA Experience 2012, Sept.29 – Oct.2 in San Antonio, Texas. FPA is honoring David M. King, CFP®, with its 2012 P. Kemp Fain, Jr. Award (posthumous); retirement researcher Wade D. Pfau, Ph.D., CFA with the inaugural Montgomery-Warschauer Award; and 10 influencers in the profession with Heart of Financial Planning Awards.
2012 P. Kemp Fain Jr. Award: FPA will honor David M. King, CFP® for his visionary devotion to the development of the financial planning movement as an established profession. As first chair of the International Board of Standards and Practices for Certified Financial Planners, Inc. (now CFP Board), he was a successful advocate for a strong, enforceable code of ethics for CFP® professionals. As an early participant and leader in the profession, he was an active supporter of the College for Financial Planning and worked tirelessly to keep it thriving during its early years; King also chaired its Board of Regents. He was credited as a key pioneer who showed an unwavering commitment to the financial planning profession during its formative years. The P. Kemp Fain, Jr. Award recognizes an individual who made outstanding contributions to the financial planning profession in the areas of service to society, academia, government and professional activities, and upholds FPA’s Core Values: competence, integrity, relationships and stewardship.
2011 Montgomery-Warschauer Award: Wade D. Pfau, Ph.D., CFA is the first recipient of the Montgomery-Warschauer Award, given by the editors of the Journal of Financial Planning to honor the paper that provided the most outstanding contribution for the betterment of the Journal’s readership in the preceding year. Pfau has published multiple articles in the Journal, beginning in 2010. During 2011, he contributed three papers to the Journal, including the frequently cited "Safe Savings Rates: A New Approach to Retirement Planning over the Life Cycle," published in May that year—the paper selected for this award. Historically, researchers have focused on determining safe retirement withdrawal rates. This paper treats accumulation and decumulation as an integrated whole, and focuses on determining what an individual’s savings rate would have to be to safely sustain retirement. The award is named in honor of Tom Warschauer, the Journal's first academic editor, and Henry Montgomery, whose leadership was instrumental to the Institute of Certified Financial Planners (ICFP) and creation of what was to become the present-day Journal.
The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning. Recipients embody the spirit of financial planning and also represent FPA's Core Values. This year’s awardees are:
- Jon Beyrer, CFP®, EA (FPA of San Diego) – Jon Beyrer is a dedicated volunteer and advocate who is committed to helping underserved individuals with personal finance skills and education in his community. A natural leader and mentor, he has been a key person in the development of FPA San Diego’s two student chapters, as well as the chapter’s Pro Bono programs for military service members, domestic violence victims, and the homeless. In 2011 he helped found The Professional Alliance for Children, a charity that betters the lives of ill children by aligning professionals to provide their families with free legal and financial advice on matters related to their care. Jon is a partner and Vice President for Wealth Management at Blankinship & Foster, LLC in Solana Beach, Calif.
- Reed Fraasa, CFP®, AIF®, RLP®(FPA of New Jersey) – Fraasa is a volunteer with a unique ability to bring leaders and committees together to achieve the overall goals of his FPA chapter. Fraasa’s aptitude in introducing, establishing chapter acceptance, and implementing these chapter management techniques resulted in renewed board enthusiasm and cooperation. He was instrumental in establishing financial literacy as a chapter goal and developed relationships and project participation with local legislators and organizations supporting financial literacy. Fraasa is a Past-Chair for Alliance Forum and Past-Chair for the Chapters Leaders Advisory Council, actively engaged in sharing best practices and developing leaders throughout the community. He continues to volunteer by conducting seminars and leading meetings on management and organization techniques that enhance FPA chapter operations. Fraasa is president of Highland Financial Advisors, LLC.
- Omega Hartman, CFP®, (FPA of New Jersey) - Hartman is a volunteer with a strong vision to develop financial literacy and pro bono programs locally. She has led school projects, military programs and Newark / Elizabeth Financial Planning Days to great success. Her ability to conceptualize and implement financial literacy programs has helped her chapter be recognized as a leader in financial literacy throughout the state. She serves on FPA’s national Pro Bono Advisory Council, is an ongoing mentor to future chapter leaders and has provided tools to FPA committees allowing them to be more effective in their efforts. Hartman is the founder and principal of Omega Financial Management.
- Anja Luesink, MBA, CFP®, RLP® (FPA of New York) – Anja Luesink has been instrumental in several of FPA of New York’s committees since 2005 and chaired the Pro Bono program for 2 years. Her contributions include developing a mentor program and teaching the CFP® review class. As pro bono director, she has been leading a team of 60 volunteers, providing financial literary and financial counseling to selective low income groups in New York City. Working together with community based partner organizations, she has created materials for workshops and taught many workshops herself. Additionally, she is a member of the FPA Pro Bono Advisory Committee and the FPA Community Advisory Council at national level. Anja Luesink was an instructor of Retirement Planning at New York’s University’s Certificate of Financial Planning Program. She is the president of Luesink Financial Planning, LLC.
- Ruth Lytton, Ph.D., (FPA of Central Virginia) –Lytton works with the Financial Planning Program at Virginia Tech by providing student services and instructing a variety of its courses. She also serves as the University’s Director for its Certified Financial Planner Board of Standards registered program. She is the co-author of two financial planning textbooks that are used to prepare the next generation of financial planners. Lytton has received various student association, university, and national professional association awards for her contributions as a teacher, researcher, and career/academic adviser, including the College of Human Resources Certificate of Teaching Excellence, College of Human Resources and Education Excellence in Undergraduate Student Advising Award, and the Virginia Tech Award for Excellence in Career Advising. She is an academic member of FPA and serves as the faculty adviser to the FPA of Virginia Tech, the organization’s largest such chapter. She has served several volunteer roles for the FPA, including current service on the FPA Academic Advisory Council and accompanying Student Volunteers to the national conference for 12 years. Over 5,000 students have taken her introductory personal finance course.
- Kathy Muldoon, CFP® (FPA of Dallas/Fort Worth) – Muldoon’s character has been described by colleagues as a combination of grace, dignity and wisdom. She has been instrumental in developing high standards for clients, colleagues and organizations. Muldoon mentors fellow professionals and students to help them acquire and hone the necessary skills to achieve career goals. She has been with Carter Financial Management since 1979 and currently serves in the role of senior vice president. Active in the community, she serves on several not for profit boards in leadership positions, chairs two investment committees and hopes she will be relevant for a long, long time.
- John R. (Dick) Power, CFP® (FPA of Massachusetts) – Power is a retired Army Colonel who has dedicated the past 10 years to assisting men and women serving in the U.S. military in Massachusetts. Through Power’s leadership, FPA of Massachusetts has developed a pro bono grogram, FPAMA Military Initiative, which trains volunteers to provide financial coaching, including assistance with tax returns, to military members and their families. This program now has expanded to over 20 active CFP volunteers who assist in retirement planning, investments, insurance and basic budgeting and have served hundreds of military families. In addition to his work for military personnel in Massachusetts, Power was also instrumental in organizing the FPA nationwide program supporting Homes for Our Troops which raises funds and builds homes that are designed specifically for severely wounded veterans.
- Neal J. Solomon, CFP®, CLU, ChFC, CASL (FPA of Northeastern New York) – Solomon is a devoted volunteer leader who according to his colleagues is willing to take on big and challenging projects without expecting recognition. Solomon was the key organizer of a 2008 FPA/People to People trip which brought American FPA member financial planning professionals to Russia. Realizing the value of international partnerships, he developed succession plans to help ensure that future trips would be scheduled. Solomon has spent countless hours behind the scenes working on government relations and regulatory areas, having served as Chairman of several FPA committees and on FPA task forces focusing on regulation and fiduciary standards. Solomon works daily with middle income Americans to help them understand the complex issues of their finances and to guide them to financial independence. He is currently the Managing Director and CCO at WealthPro®, LLC, is a shareholder and serves on the Board of Directors of SFA Holdings, Inc. the parent company of The Strategic Financial Alliance, Inc., and is the Chief Financial Officer at Hearing Care Resources, LLC.
- Richard E. Vodra, JD, CFP® (FPA of the National Capital Area) – Vodra is a founding member of the Nazrudin Project, a free-form think tank composed of some of the top minds in financial planning. His extensive work over the years has led to key developments linking Behavioral Finance to the practice of Financial Planning. Vodra is considered an industry-leading speaker on these topics, which have advanced both client and professional awareness of important financial planning issues. Additionally, he was the first person to present at FPA Retreat regarding the implications of the world’s finite energy resources and is an authority on financial planning implications of peak oil and global climate change. After a long career with Spire Investment Partners, Vodra founded Worldview Two Planning to help clients and other professionals better understand how peak oil, climate change and related resource issues impact financial plans.
- David Yeske, DBA., CFP® (FPA of San Francisco) - Yeske is an experienced educator who has taught almost every course offered in the financial planning program at Golden Gate University (GGU), where he is a distinguished adjunct professor in its school of business. His knowledge and teaching spans a generation of planners who have used his instruction and mentoring to polish their technical expertise. He recognized early on the importance of hands-on learning and created GGU's "Practicum in Financial Planning," an opportunity for students to work with real clients creating functional financial plans. Yeske, working with partner Elissa Buie, was instrumental in transforming GGU's capstone case course to include plan development and presentation. Yeske's classroom achievements are significant and yet he remains an active volunteer with FPA locally and nationally and currently chairs FPA's Academic Advisory Council. He served as the organization's national president in 2003. Yeske is currently the managing director at Yeske Buie.