Personal financial planning team wins 2018 Financial Planning Ch

Personal financial planning team wins 2018 Financial Planning Challenge

Posted: Updated:
LUBBOCK, Texas -

(Press Release)

In February 1999, a meeting between Texas Tech University’s Personal Financial Planning (PFP) faculty and American Express executives resulted in the creation of a financial planning competition – the American Express Planning Invitational.

Texas Tech’s then-Family Financial Planning Team took home the second-place trophy and $5,000 from the inaugural competition in 2000, said PFP department chairwoman Vickie Hampton. In the nearly two decades since, Texas Tech generally has been among the competition’s top eight teams, earning second- and third-place finishes in various years. Along the way, the competition changed names and operators, becoming the Financial Planning Challenge, part of the annual conference of the Financial Planning Association® (FPA).

Now, for the first time, Texas Tech’s FPA Challenge Team – Blane Heflin, Jacob Gurock and Dimitrian Jimenez – has come out on top, bringing first place back to the competition’s home.

The Financial Planning Challenge is the culmination of a months-long effort. In Phase 1, 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.

After the first phase was judged in July, only the top eight teams advanced to the national competition. Those teams were: Texas Tech, Fort Hays State University, Kansas State University, Texas A&M University, the University of Georgia, Utah Valley University, Western Kentucky University and William Paterson University.

Phases 2 and 3 took place this week at the FPA Annual Conference 2018 in Chicago. In Phase 2, on Wednesday (Oct. 3), each team orally presented its case study to a panel of judges. Phase 3, on Thursday (Oct. 4), was the “How Do You Know?” Challenge, a two-hour “Jeopardy”-style quiz bowl that tests teams’ financial-planning knowledge.

As the first-place finisher, Texas Tech receives a $10,000 scholarship from the Certified Financial Planners Board, one of the competition’s sponsors. Individual team members also will receive one hour of career coaching from Caleb Brown at New Planner Recruiting, the leading recruiting firm for entry-level financial planners, and a full scholarship to the FPA’s highly acclaimed Residency Program.

Second- and third-place finishers were Utah Valley University and Kansas State University, respectively.

  • Top StoriesMore>>

  • 'Dirty deeds': Ex-Trump lawyer Cohen gets 3 years in prison

    'Dirty deeds': Ex-Trump lawyer Cohen gets 3 years in prison

    Wednesday, December 12 2018 1:11 AM EST2018-12-12 06:11:36 GMT
    Thursday, December 13 2018 3:42 PM EST2018-12-13 20:42:37 GMT
    (AP Photo/Julie Jacobson, File). FILE - In this Nov. 29, 2018, file photo, Michael Cohen walks out of federal court in New York. The moment of reckoning has nearly arrived for Cohen, who finds out Wednesday, Dec. 12, whether his decision to walk away f...(AP Photo/Julie Jacobson, File). FILE - In this Nov. 29, 2018, file photo, Michael Cohen walks out of federal court in New York. The moment of reckoning has nearly arrived for Cohen, who finds out Wednesday, Dec. 12, whether his decision to walk away f...
    A lawyer who made his career protecting President Donald Trump is set to learn whether cooperating with federal investigators will lessen his punishment for dodging taxes, lying to Congress and violating campaign...
    A lawyer who made his career protecting President Donald Trump is set to learn whether cooperating with federal investigators will lessen his punishment for dodging taxes, lying to Congress and violating campaign finance laws.
  • LPD responding to multiple bomb threat calls

    LPD responding to multiple bomb threat calls

    At approximately 1:00 p.m., the Lubbock Police Department received calls from several different businesses referencing a bomb threat made through email. All emails are demanding payments through Bitcoin. At this time, no suspicious packages have been located and it appears the email is possibly a scam. 

    At approximately 1:00 p.m., the Lubbock Police Department received calls from several different businesses referencing a bomb threat made through email. All emails are demanding payments through Bitcoin. At this time, no suspicious packages have been located and it appears the email is possibly a scam. 

  • South Plains Rural Health Services in Levelland evacuated following bomb threat

    South Plains Rural Health Services in Levelland following bomb threat

    First responders evacuated the South Plains Rural Health Services in Levelland after a bomb threat was received.  Law enforcement has shut down FM 300 between Hwy 385 and West Avenue. Officials are asking the public to avoid the area.

    First responders evacuated the South Plains Rural Health Services in Levelland after a bomb threat was received.  Law enforcement has shut down FM 300 between Hwy 385 and West Avenue. Officials are asking the public to avoid the area.

Powered by Frankly
All content © Copyright 2000 - 2018 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.