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FHSU College Relations
Fort Hays State College’s monetary planning problem crew has returned to prominence among the many greatest within the nation.
Sophomore Ethan Lang and senior Thomas Powell from Hays, together with Nice Bend senior Alejo Villegas, competed as Robbins Faculty of Enterprise and Entrepreneurship entrants within the 2020 Monetary Planning Affiliation’s Nationwide Monetary Planning Problem. The trio positioned fourth general, led by a first-place end within the quiz bowl portion of the finals.
That marks the second top-eight end within the problem for Fort Hays State up to now three years. FHSU secured its place among the many better of the very best within the Monetary Planning Problem, previously the Ameriprise Monetary Planning Invitational, from 2001 to 2011. Throughout that point span, Fort Hays State introduced residence 11 top-five general finishes from the competitors, together with first-place finishes in 2001, ’02 and ’11.
After a six-year absence from the competitors, FHSU positioned seventh in 2018 and barely missed making the “Elite Eight” final yr.
The Robbins Faculty of Enterprise and Entrepreneurship is one among solely a handful of enterprise faculties within the state of Kansas that gives an undergraduate diploma program in monetary planning. FHSU did Kansas proud as soon as once more this yr, ending behind Texas Tech College, Utah Valley College and the College of Wisconsin – all Division I faculties. Texas Tech and Utah Valley have been winners of the competitors the previous three years. Faculties that completed under FHSU this yr included Kansas State College, Purdue College, Temple College, and the College of Illinois.
“We’re very happy with our crew that represented Fort Hays State so properly once more,” stated Dr. Tom Johansen, professor of finance. Johansen is the long-time former advisor for the monetary planning problem crew and now assists present advisor Dr. Christina Glenn, assistant professor of finance. “We select college students for the crew who’re very studious, formidable, and aggressive. They’re profitable as a result of they’ve quite a lot of drive and powerful work ethic. They know the historical past of our previous groups and need to be simply as profitable.”
Resulting from COVID-19 precautions, the competitors was carried out on-line, permitting college students to expertise the digital aspect of monetary planning that actual world monetary advisors are at present navigating in the course of the pandemic. College students have been examined over funding rules, earnings tax, retirement planning, insurance coverage, property planning, and monetary planning rules.
Part 1 of the competitors required college students to offer a written complete monetary plan for a given case evaluation. The primary section of the competitors consisted of a monetary planning case examine for a hypothetical household. College students assessed the shopper’s wants and ready a complete monetary plan for the shoppers primarily based on the information supplied. Use of commercially out there monetary planning software program was prohibited.
Groups have been inspired to be inventive and make assumptions the place particulars weren’t supplied. They have been directed to evaluate the shoppers’ present monetary situation whereas figuring out their main strengths, weaknesses, alternatives and threats – then focus on decision of any conflicts between the shoppers’ targets and wishes and the flexibility to fulfill them on account of monetary or different constraints.
The highest eight groups from Part 1 went on to compete in Part 2, an oral presentation of the plan, and Part 3, a “How Do You Know” quiz bowl.
The FHSU college students made the top-eight finalist listing and took first place within the quiz bowl portion of the finals, serving to increase them into fourth place within the general standings and primary among the many groups taking part from Kansas. The eight finalists have been awarded $75 reward playing cards and 80 expertise hours towards incomes their Licensed Monetary Planner (CFP) designation.
Like Dr. Johansen, Dr. Glenn was impressed by how properly the Fort Hays State college students carried out within the competitors. She famous how their first-place end within the quiz bowl, and their general effort, speaks volumes concerning the college students and school within the Robbins Faculty of Enterprise and Entrepreneurship.
“Our college students needed to make the most of important considering and written and oral communication expertise to develop and current a complete plan to a fictional shopper. The case state of affairs they got would check most seasoned monetary skilled’s functionality,” Glenn stated. “The finalists on this competitors are among the many better of the very best, and our college students proved they belong on this elite group.”
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