Texas Tech University

Texas Tech Takes Third Place in Financial Planning Challenge

Glenys Young

October 18, 2019

FPA Challenge Team

Team members Hunter Coday, Deandre Geels and Justin Roach earned their department a $1,000 scholarship.

During this week's annual conference of the Financial Planning Association® (FPA), Texas Tech University's FPA Challenge Team – Hunter Coday, Deandre Geels and Justin Roach – had an impressive showing in the 2019 Financial Planning Challenge.

On the heels of being named the top financial planning program in the country, Texas Tech's Department of Personal Financial Planning (PFP) has also brought home a third-place finish from one of the country's top competitions.

The Financial Planning Challenge is the culmination of a months-long effort. In Phase 1, which took place in the spring, all participating teams had to compile a written financial plan for a hypothetical client. Students could not seek advice or help from professionals, including Texas Tech's own coach, Michael Guillemette, an assistant professor in PFP.

"Hunter, Deandre and Justin put in an incredible amount of hard work preparing for the competition in Minneapolis," Guillemette said. "We are so proud of how they represented our department, college and university."

After the first phase was judged in August, only the top eight teams advanced to the national competition. Those teams were: Texas Tech, Edinboro University, Kansas State University, Texas A&M University, the University of Akron, University of Illinois Urbana-Champaign, Utah Valley University and Western Kentucky University.

Phases 2 and 3 took place this week at the 2019 FPA Annual Conference in Minneapolis. In Phase 2, each team orally presented its case study to a panel of judges. Phase 3 was the "How Do You Know?" Challenge, a "Jeopardy"-style quiz bowl that tests teams' financial-planning knowledge.

"The students participating in the Financial Planning Challenge represent the next generation of financial planning professionals," said Vickie Hampton, chair of PFP. "The future of the financial planning profession is bright!"

As the third-place finisher, Texas Tech receives a $1,000 scholarship from the Certified Financial Planners (CFP) Board, one of the competition's sponsors.