The CFP Board Center for Financial Planning and TD Ameritrade Institutional are again teaming up to recognize the best research on behavioral finance.
The two groups are seeking submissions for the first in a series of Best Paper Awards that will be presented at the Center’s second annual Academic Research Colloquium for Financial Planning and Related Disciplines in Washington next Feb. 20-22.
The TD Ameritrade Institutional Best Paper Award for Behavioral Finance will recognize research papers that bring “psychological insight into human behavior and decision-making” with implications for financial planning practice.
Like last February’s inaugural event, the 2018 Colloquium will gather the global academic community to showcase “rigorous and relevant research within financial planning and related disciplines that directly or indirectly” relates to financial planning practice and the body of knowledge.
“It’s increasingly clear that understanding how human behavior affects investment decisions is critical for financial planners,” said Kate Healy, managing director, Generation Next, TD Ameritrade Institutional. “That’s why we want to create more opportunities for research that will equip them to better guide clients in making more prudent financial decisions.”
Marilyn Mohrman-Gillis, executive director of the Center for Financial Planning, added that “as the 2017 Best Paper Award winners demonstrate, groundbreaking empirical research is being conducted in financial planning and related disciplines today.”
The 2017 award winners were Dr. Ning Tang of San Diego State University and Dr. Timothy (Jun) Lu of Peking University HSBC Business School, for “Social Interaction Effects and Individual Portfolio Choice: Evidence from 401(k) Pension Plan Investors.” Their research showed that 401(k) plan participants are influenced by their co-workers when making investment decisions.
TD Ameritrade Institutional, the lead founding sponsor of the Center for Financial Planning, is supporting the Colloquium and sponsoring the Best Paper Award in the discipline of behavioral finance.
The Best Paper Award carries with it a $2,500 cash prize. Additional Best Paper Awards and their sponsors will be announced at later dates leading up to the Colloquium.
— Check out Behavioral Finance Is a Promising Alternative to MPT on ThinkAdvisor.