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FPA Honors Industry Leaders

FPA Honors Industry Leaders FPA Honors Industry Leaders

One advocated for a strong code of ethics among planners. One conducted ground-breaking research into basic assumptions behind common retirement planning practices. And ten have given extraordinary amounts of time to teach financial planning and to provide it for people who might not otherwise get it.


The FPA will honor these 12 individuals at its annual conference this weekend and next week in San Antonio, Texas. One of the honorees, economist Wade Pfau, is also the recipient of Financial Planning's 2012 Influencer Award for Portfolio Management, in the October issue. Jon Beyrer is a 2012 recipient of FP's annual Pro Bono Awards for his work on a team of planners with families of critically ill children. Another, Anja Luesink won one of FP's 2011 Influencer Awards for her work with a team of planners who have helped 911 victims.


"It's a testament to the passion of the financial planning community that we have one of our largest groups of honorees this year," says the FPA's incoming executive director Lauran Schadle. "These are often unsung individuals who unselfishly commit countless hours for the betterment of financial planning and the public at large."

2012 P. Kemp Fain Jr. Award: David M. King 2012 P. Kemp Fain Jr. Award: David M. King

King was honored for his devotion to the development of the financial planning movement as an established profession. As first chair of the International Board of Standards and Practices for Certified Financial Planners (now CFP Board), he was an advocate for a strong, enforceable code of ethics for CFP professionals. As an early participant and leader in the profession, he was an active supporter of the College for Financial Planning and worked to keep it thriving during in its early years; King also chaired its Board of Regents. He was credited as a key pioneer who showed a commitment to the financial planning profession during its early years.

The P. Kemp Fain, Jr. Award recognizes an individual who made outstanding contributions to the financial planning profession in the areas of service to society, academia, government and professional activities, and upholds the FPA's core values: competence, integrity, relationships and stewardship.

2011 Montgomery-Warschauer Award: Wade D. Pfau 2011 Montgomery-Warschauer Award: Wade D. Pfau

Pfau is the first recipient of this award, which is given by the editors of the Journal of Financial Planning to honor the paper that provided the most outstanding contribution for the betterment of the Journal's readership in the preceding year. Pfau has published multiple articles in the Journal, beginning in 2010. In 2011, he contributed three papers to the Journal, including "Safe Savings Rates: A New Approach to Retirement Planning over the Life Cycle," which was published in May 2011. Historically, researchers have focused on determining safe retirement withdrawal rates. This paper treats accumulation and decumulation as an integrated whole, and focuses on determining what an individual's savings rate would have to be to safely sustain retirement.

The award is named in honor of Tom Warschauer, the Journal's first academic editor, and Henry Montgomery, whose leadership was instrumental to the Institute of Certified Financial Planners and creation of what was to become the present-day Journal.

The Heart of Financial Planning Award: Jon Beyrer (FPA of San Diego) The Heart of Financial Planning Award: Jon Beyrer (FPA of San Diego)

Beyrer, vice president for wealth management at Blankinship & Foster, is currently serving as education director for FPA of San Diego. He was a key founder of that area's student chapter and assisted in the development of the annual Financial Literacy and Career Fair events.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Neal Solomon (FPA of Northeastern New York) The Heart of Financial Planning Award: Neal Solomon (FPA of Northeastern New York)

Solomon, the chief financial officer at Hearing Care Resources and managing director and CCO at WealthPro, was a key organizer of a 2008 People to People trip, which brought American FPA member financial planning professionals to Russia. Realizing the value of international partnerships, he developed succession plans to help ensure that future trips would continue. Solomon has spent countless hours behind the scenes working on government relations and regulatory areas and has served on FPA work groups focusing on regulation and the fiduciary standard. Solomon works with middle income educators to help them understand the complex issues of their finances.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Reed Fraasa (FPA of New Jersey) The Heart of Financial Planning Award: Reed Fraasa (FPA of New Jersey)

Fraasa, who is president of Highland Financial Advisors in New Jersey, was instrumental in establishing financial literacy as a chapter goal and developed relationships and project participation with local legislators and organizations supporting this cause. He is a former leader of two key FPA national chapter leadership groups, and continues to volunteer by conducting seminars and leading meetings on management and organization techniques that enhance FPA chapter operations. Fraasa is president of Highland Financial Advisors, LLC.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Omega Hartman (FPA of New Jersey) The Heart of Financial Planning Award: Omega Hartman (FPA of New Jersey)

Hartman, the founder and principal of Omega Financial Management, is devoted to financial literacy and pro bono programs locally. She has led school projects, military programs and Newark / Elizabeth Financial Planning Days. Her ability to conceptualize and implement these programs have helped her chapter be recognized as a leader in financial literacy throughout the state. She serves on FPA's national Pro Bono Advisory Committee, is an ongoing mentor to future chapter leaders and has provided tools to FPA committees allowing them to be more effective in their efforts.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Anja Luesink (FPA of New York) The Heart of Financial Planning Award: Anja Luesink (FPA of New York)

Luesink, the president of Luesink Financial Planning, LLC., has been instrumental in FPA of New York's career development committee and currently chairs the chapter's pro bono program. Her contributions include developing a mentor program and teaching a CFP Exam Review class for FPA of New York. As pro bono director, she leads a team of 60 volunteers, providing financial literacy and counseling to low income groups in New York City. She is a member of the FPA Pro Bono Advisory Committee and the FPA Community Advisory Council, two national workgroups. Luesink is an instructor of Retirement Planning at New York University's Certificate of Financial Planning Program.


Luesink was a 2011 recipient of a Financial Planning Pro Bono Award.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Ruth Lytton (FPA of Central Virginia) The Heart of Financial Planning Award: Ruth Lytton (FPA of Central Virginia)

Lytton works with the financial planning program at Virginia Tech University by providing student services and instructing a variety of undergraduate courses. She also serves as the University's director for the Certified Financial Planner Board of Standards registered program. Lytton has received various student association, university, and national professional association awards for her contributions as a teacher, researcher, and career/academic adviser, including the College of Human Resources Certificate of Teaching Excellence, College of Human Resources and Education Excellence in Undergraduate Student Advising Award, and the Virginia Tech Award for Excellence in Career Advising. She is an academic member of FPA and serves as the faculty adviser to FPA of Virginia Tech, the organization's largest student chapter. She has served several volunteer roles for FPA, including her current service on the Academic Advisory Council. She has accompanied student volunteers to FPA's annual conference for over a decade.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Kathy Muldoon (FPA of Dallas/Fort Worth) The Heart of Financial Planning Award: Kathy Muldoon (FPA of Dallas/Fort Worth)

Muldoon, a senior vice president with Carter Financial Management, mentors fellow professionals and students to help them acquire and hone the necessary skills to achieve career goals. As an active member in the community, she serves in leadership positions on several not-for-profit boards of directors, and chairs two investment committees.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: John R. (Dick) Power (FPA of Massachusetts) The Heart of Financial Planning Award: John R. (Dick) Power (FPA of Massachusetts)

Power is a retired Army colonel who has dedicated many years to assisting men and women serving in the U.S. military in Massachusetts. Through Power's leadership, FPA of Massachusetts has developed a pro bono program, FPAMA Military Initiative, which trains volunteers to provide financial coaching, including assistance with tax returns, to military members and their families. This program continues to expand and now has 20 CFP professionals trained to assist with military retirement planning, investments, insurance and basic budgeting to hundreds of military families. Powers was instrumental in organizing the Homes for Our Troops initiative, where he worked to raise funds to build homes that are designed specifically for severely wounded veterans.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: Richard E. Vodra (FPA of the National Capital Area) The Heart of Financial Planning Award: Richard E. Vodra (FPA of the National Capital Area)

Vodra is a founding member of the Nazrudin Project, a free-form think tank composed of some of the top minds in financial planning. Over the years, his work has led to key developments linking behavioral finance to the practice of financial planning. Vodra is considered an industry-leading speaker on these topics, which have advanced both client and professional awareness of important factors that influence financial planning issues. He was the first individual to present at FPA Retreat regarding the implications of the world's finite energy resources and is a recognized authority on understanding the impact of these areas on the financial planning process. After a long career with Spire Investment Partners, Vodra founded Worldview Two Planning to help clients and other professionals better understand how peak oil, climate change and related resource issues affect financial plans.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Heart of Financial Planning Award: David Yeske (FPA of San Francisco) The Heart of Financial Planning Award: David Yeske (FPA of San Francisco)

Yeske, the managing director of Yeske Buie, is an experienced educator who has taught almost every course offered in the financial planning program at Golden Gate University, where he is an adjunct professor in its school of business. His knowledge and teaching spans a generation of planners who have used his instruction and mentoring to polish their technical expertise. He recognized early on the importance of hands-on learning and, with his partner, created Golden Gate University's "Practicum in Financial Planning," an opportunity for students to work with real clients creating functional financial plans. Yeske was also instrumental in transforming the university's capstone case course to include plan development and presentation. Yeske remains an active volunteer with FPA locally and nationally and currently chairs FPA's Academic Advisory Council. He served as the organization's national president in 2003.


The Heart of Financial Planning Award recognizes individual professionals, financial planning firms, FPA chapters, or organizations who engage in extraordinary work, contributing and giving back to the financial planning community and public through financial planning.

The Financial Planning Association announced the winners of its top awards, which will be presented at its annual conference in Texas. The FPA honored David M. King, with its 2012 P. Kemp Fain, Jr. Award; retirement researcher Wade D. Pfau with the inaugural Montgomery-Warschauer Award; and 10 influencers in the profession with Heart of Financial Planning Awards. Check out more information on each of the honorees.

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