Three groups from Utah Valley College constituted your complete group of finalists who offered on the Worldwide Affiliation of Registered Monetary Consultants (IARFC®) National Financial Plan Competition in Cincinnati, Ohio. For the primary time within the competitors’s historical past, all three groups advancing to the finals had been from the identical college. UVU had already made up two-thirds of the six groups within the semifinals.
The competing college students had been sophomores and juniors enrolled in UVU’s Personal Financial Planning (PFP) program, a bachelor’s program that prepares college students to change into fee-for-service monetary professionals expert in addressing particular finance-related wants of people, households, and companies. The PFP program teaches a curriculum registered by the Licensed Monetary Planner (CFP®) Board of Requirements. College students not solely have the chance to change into CFP® licensed and obtain different trade credentials, but in addition to compete in nationwide competitions and community with trade professionals.
“From our perspective, having three groups from the identical college is unprecedented,” Vicki Caplinger, IARFC NFPC coordinator, stated to Yahoo! Finance. “Congratulations to the Utah Valley individuals and due to Dr. Luke Dean for encouraging his college students to take part in our competitors.”
The Nationwide Monetary Plan Competitors is meant for undergraduate college students enrolled in monetary services-related applications. The competitors is supported by IARFC members and company backers, reminiscent of this yr’s sponsors: Cash Ideas Worldwide, Envestnet MoneyGuide, and Northstar Wealth Companions.
Below the tutelage of UVU Affiliate Professor Luke Dean, Ph.D., three groups of two — Brooke Gibson and Max Gledhill, Andrew Mathis and Sarah Chamberlain, and Sam Jensen and Jakob Wagner — offered their fastidiously thought-out monetary suggestions for a fictional household to the IARFC US Chapter Board of Administrators, who judged the groups based on their supply and the monetary relevancy of their plans.
The scholars had been challenged to take data from a case examine of a fictional household’s monetary scenario and produce a monetary plan to assist the household receive and keep monetary stability. On this approach, the competitors offers college students real-world, hands-on expertise by permitting them to research sensible monetary conditions and suppose critically to outline and advocate motion plans.
Mathis and Chamberlain took first place within the closing spherical, with the Gledhill and Gibson workforce and the Jensen and Wagner workforce as runners-up.
“The IARFC competitors was an amazing alternative to expertise what a day at work for a monetary planner is like,” Mathis stated. “I loved the chance to work with professionals and to study numerous monetary planning strategies.”
Chamberlain shared an analogous sentiment. “The IARFC competitors has been a very enjoyable and difficult technique to apply the ideas I’ve been finding out in class,” she stated. “Taking part has made me excited for what my future as a monetary planner will maintain!”
To study extra about UVU’s PFP program, go to their website.
Second Place
Max Gledhill and Brooke Gibson
Dr. Luke Dean, RFC, Affiliate Professor, UVU
Bradley Okay. Maples Sr., MRFC
US Chapter Board President
Third Place
Sam Jensen and Jakob Wagner
Dr. Luke Dean, RFC – Affiliate Professor, UVU
Bradley Okay. Maples Sr., MRFC
US Chapter Board President
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