SOUTHINGTON, Conn., Nov. 26, 2014 /PRNewswire/ -- The Academy of Financial Services (AFS) is pleased to announce the winners of several industry awards for papers from their 2014 conference, which took place last month in Nashville, Tennessee.
The award for asset management, co-sponsored by FinaMetrica and PlanPlus, was given to Colleen Tokar Asaad, Bryan C. McCannon, and Mark Wilson of St. Bonaventure University, for their paper entitled "Financial Competence, Overconfidence, and Trusting Investments: Results from an Experiment."
"As a research-driven organization, FinaMetrica has always had a policy of supporting academic research," said Geoff Davey, co-founder and director. "We are keen to support the development of the evidence-based knowledge necessary for financial planning to be fully recognized as a profession. We commend the winners—and AFS, for its long-term commitment to this endeavor."
On the topic of financial planning, the award, sponsored by Certified Financial Planner Board of Standards, Inc. (CFP Board), was given to Texas Tech University's Chris Browning, Tao Guo, and Yuanshan Cheng, for their paper entitled "The Retirement Consumption Gap: Evidence from the Health and Retirement Study."
"Congratulations to Texas Tech University and the individuals who tackled this important topic," said CFP Board CEO Kevin Keller, CAE. "The financial planning discipline and profession as a whole always benefits from fresh research from academia, and CFP Board is pleased to help recognize a paper that was particularly exceptional."
Lastly, the retirement planning award, sponsored by Retirement Income Industry Association (RIIA®), was given to The American College's Wade Pfau and Pinnacle Advisory Group's Michael E. Kitces, CFP®, for their paper entitled "Retirement Risk, Rising Equity Glidepaths, and Valuation-Based Asset Allocation."
"RIIA's mission is to discover, to document and to teach the new realities of retirement," said Francois Gadenne, chairman and executive director. "To accomplish its mission, RIIA developed the curriculum for The Retirement Management Analyst designation RMA®. The curriculum integrates validated findings, including papers like this one, across all business silos in the financial industry."
The selected papers will be considered for an expedited review for publication in Financial Services Review, the official journal of the AFS and co-published with the Financial Planning Association. Financial Services Review is a quarterly journal showcasing the latest in theoretical and empirical research in personal financial management.
"We believe that fundamental research in the field of financial planning is crucial as the industry continues its evolution into the financial planning profession," said Shawn Brayman, President of PlanPlus. "The AFS and the Financial Services Review provide one of the most important communities and journals in the field to encourage new research and to raise the bar for practitioners worldwide."
"The AFS is grateful to industry leaders for their support of diverse, applied research in the field of personal finance and financial planning," added Lance Palmer, president of the AFS. "Their resources further the research community and contribute to evidence-based financial planning practices."
The AFS holds an annual meeting in which it features speakers, symposia, special sessions, and receptions. Next year's meeting will be held in Orlando, Florida. Additional information about the conference can be found online at http://academyfinancial.org.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-academy-of-financial-services-announces-award-winning-papers-at-2014-conference-300001620.html