Established by the Financial Planning Association and Janus INTECH to "encourage and showcase new ideas and practical solutions for financial advisors and their clients," The Financial Frontiers Awards are presented each year to authors who organize outstanding research papers dealing with the financial services industry. Research can cover (but is not limited to) topics such as investments, retirement planning, or trust and estate planning. However, only original work that has not already been published can be considered for the awards, which are evaluated based on qualities such as the originality of ideas and concepts in the paper, the advanced level of discussion in the paper, and the benefits the research provides to financial services professionals.
There is a $35 processing fee for members of the FPA, and a $50 fee for nonmembers. The deadline for submissions is January 16, 2007. Winners of the Financial Frontiers Awards will be notified in June 2007 and award recipients will present their papers at the FPA's annual conference, taking place September 2007 in Seattle. Additional presentations of winning papers may be scheduled, as well. Up to three first- and second- place awards will be given. The Gold Prize is $20,000 and the Silver prize is $10,000. Additionally, special Judges' Grants may be awarded to authors of promising papers where further research is warranted.
The 2006 winners were Optimal Withdrawal Strategies for Retirees with Multiple Savings Accounts, by Stephen Horan; Risk Management for the Family: The Desirability of Long-Term Care Insurance, by Joel Gold, John Herald, and David VanderLinden; and Optimal Rebalancing Frequency for Stock-Bond Portfolios, by William Desormeau and David Smith.
Advisors who may not be interested in presenting do have the opportunity to judge. The FPA and Janus are currently recruiting professionals in the field for the Judges' Panel. For more information and applications, visit www.financialfrontiersawards.org.