February 21, 2013
Graduate students Tyler Chaney and David Wilder celebrate their victory along with Associate Professor John Gilliam, Human Sciences Dean Linda Hoover (left) and Department of Personal Financial Planning Chair Vickie Hampton (right).
Two students from the Texas Tech University Personal Financial Planning Department won first place and a $5,000 scholarship at the 2013 Foundation for Financial Service Professionals (FSP) Industry Issue Competition at the Arizona Institute on Jan. 28, 2013.
Tyler Chaney and David Wilder, both graduate students at Texas Tech, were chosen by a panel of judges through a blind review process as one of the top three teams to advance to the final oral round of the competition based on their written solution, which was previously submitted in October.
The title of this year’s issue was “Which Way to Go? Best Practices in Identifying and Evaluating Specific Careers in the Financial Services Profession.” Chaney and Wilder chose to evaluate three professions; including a life insurance company actuary, a fee based certified financial planner and an advanced life insurance professional.
“I think the judges enjoyed the way Tyler and David conducted in-depth research on the professions within the Financial Services industry,” said John Gilliam, associate professor in the Department of Personal Financial Planning. “They also did a great job presenting their paper in an articulate and professional presentation on a very broad industry.”
The judging panel, which was selected among experienced practitioners and members of the FSP society, announced Chaney and Wilder as the winners of the $5,000 scholarship at a reception following the oral presentations. This money will go to the Texas Tech Personal Financial Planning Department.
The University of Missouri at St. Louis received second place and a $3,000 scholarship. William Paterson University, whose faculty advisor, Lukas Dean, received his doctorate in Personal Financial Planning from Texas Tech, received third place and a $2,000 scholarship.
Two teams from Texas Tech had entered into the competition; however, due to the set of rules established by the FSP, only one team per university could compete in the final oral competition. As a result, the second team, which also consisted of graduate students, received honorable mention for their submitted paper.
This is the second consecutive year Texas Tech has placed in the top three teams at the Industry Issue Competition.
Undergraduate and graduate degree programs in personal financial planning are registered by the CFP Board. Students graduating from a CFP Board-Registered Program are eligible to sit for the CFP® Certification Examination.