{"id":56766,"date":"2020-10-21T11:07:26","date_gmt":"2020-10-21T16:07:26","guid":{"rendered":"http:\/\/tigermedianet.com\/?p=56766"},"modified":"2020-10-21T11:07:28","modified_gmt":"2020-10-21T16:07:28","slug":"fhsu-trio-4th-in-national-financial-planning-competition","status":"publish","type":"post","link":"http:\/\/tigermedianet.com\/?p=56766","title":{"rendered":"FHSU trio 4th in national financial planning competition"},"content":{"rendered":"\n

By UNIVERSITY RELATIONS<\/strong><\/p>\n\n\n\n

Fort Hays State University\u2019s financial planning challenge team has returned to prominence among the best in the nation.<\/p>\n\n\n\n

Sophomore Ethan Lang and senior Thomas\nPowell from Hays, along with Great Bend senior Alejo Villegas, competed as\nRobbins College of Business and Entrepreneurship entrants in the 2020 Financial\nPlanning Association\u2019s National Financial Planning Challenge. The trio placed\nfourth overall, led by a first-place finish in the quiz bowl portion of the\nfinals.<\/p>\n\n\n\n

That marks the second top-eight finish\nin the challenge for Fort Hays State in the past three years. FHSU secured its\nplace among the best of the best in the Financial Planning Challenge, formerly\nthe Ameriprise Financial Planning Invitational, from 2001 to 2011. During that\ntime span, Fort Hays State brought home 11 top-five overall finishes from the\ncompetition, including first-place finishes in 2001, \u201902 and \u201911.<\/p>\n\n\n\n

After a six-year absence from the\ncompetition, FHSU placed seventh in 2018 and barely missed making the \u201cElite\nEight\u201d last year.<\/p>\n\n\n\n

The Robbins College of Business and\nEntrepreneurship is one of only a handful of business schools in the state of\nKansas that offers an undergraduate degree program in financial planning. FHSU\ndid Kansas proud once again this year, finishing behind Texas Tech University,\nUtah Valley University and the University of Wisconsin \u2013 all Division I\nschools. Texas Tech and Utah Valley were winners of the competition the past\nthree years.  Schools that finished below FHSU this year included Kansas\nState University, Purdue University, Temple University, and the University of\nIllinois.<\/p>\n\n\n\n

\u201cWe are very proud of our team that\nrepresented Fort Hays State so well again,\u201d said Dr. Tom Johansen, professor of\nfinance. Johansen is the long-time former advisor for the financial planning\nchallenge team and now assists current advisor Dr. Christina Glenn, assistant\nprofessor of finance. \u201cWe choose students for the team who are very studious,\nambitious, and competitive. They are successful because they have a lot of\ndrive and strong work ethic. They know the history of our past teams and want\nto be just as successful.\u201d<\/p>\n\n\n\n

Due to COVID-19 precautions, the\ncompetition was conducted online, allowing students to experience the virtual\nside of financial planning that real world financial advisors are currently\nnavigating during the pandemic. Students were tested over investment principles,\nincome tax, retirement planning, insurance, estate planning, and financial\nplanning principles.<\/p>\n\n\n\n

Phase 1 of the competition required\nstudents to provide a written comprehensive financial plan for a given case\nanalysis. The first phase of the competition consisted of a financial planning\ncase study for a hypothetical family. Students assessed the client\u2019s needs and\nprepared a comprehensive financial plan for the clients based on the data\nprovided. Use of commercially available financial planning software was\nprohibited.<\/p>\n\n\n\n

Teams were encouraged to be creative and\nmake assumptions where details weren\u2019t provided. They were directed to assess\nthe clients\u2019 current financial condition while identifying their major\nstrengths, weaknesses, opportunities and threats \u2013 then discuss resolution of\nany conflicts between the clients\u2019 goals and needs and the ability to satisfy\nthem due to financial or other constraints.<\/p>\n\n\n\n

The top eight teams from Phase 1 went on\nto compete in Phase 2, an oral presentation of the plan, and Phase 3, a \u201cHow Do\nYou Know\u201d quiz bowl.<\/p>\n\n\n\n

The FHSU students made the top-eight\nfinalist list and took first place in the quiz bowl portion of the finals,\nhelping boost them into fourth place in the overall standings and number one\namong the teams participating from Kansas. The eight finalists were awarded $75\ngift cards and 80 experience hours toward earning their Certified Financial\nPlanner (CFP) designation.<\/p>\n\n\n\n

Like Dr. Johansen, Dr. Glenn was\nimpressed by how well the Fort Hays State students performed in the\ncompetition. She noted how their first-place finish in the quiz bowl, and their\noverall effort, speaks volumes about the students and faculty in the Robbins\nCollege of Business and Entrepreneurship.<\/p>\n\n\n\n

\u201cOur students had to utilize critical\nthinking and written and oral communication skills to develop and present a\ncomprehensive plan to a fictional client. The case situation they were given\nwould test most seasoned financial professional\u2019s capability,\u201d Glenn said. \u201cThe\nfinalists in this competition are among the best of the best, and our students\nproved they belong in this elite group.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

By UNIVERSITY RELATIONS Fort Hays State University\u2019s financial planning challenge team has returned to prominence among the best in the nation. Sophomore Ethan Lang and… <\/p>\n","protected":false},"author":1,"featured_media":56767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[11722],"tags":[],"class_list":["post-56766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tigermedianet.com\/wp-content\/uploads\/2020\/10\/financial20planning20team20image.jpeg?fit=1280%2C960","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/posts\/56766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56766"}],"version-history":[{"count":1,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/posts\/56766\/revisions"}],"predecessor-version":[{"id":56768,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/posts\/56766\/revisions\/56768"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=\/wp\/v2\/media\/56767"}],"wp:attachment":[{"href":"http:\/\/tigermedianet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56766"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tigermedianet.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}