FHSU College Relations
Fort Hays State College’s monetary planning problem staff 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 total, 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 prior 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 total 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 12 months.
The Robbins Faculty of Enterprise and Entrepreneurship is one among solely a handful of enterprise faculties within the state of Kansas that provides an undergraduate diploma program in monetary planning. FHSU did Kansas proud as soon as once more this 12 months, 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. Colleges that completed beneath FHSU this 12 months included Kansas State College, Purdue College, Temple College, and the College of Illinois.
“We’re very happy with our staff that represented Fort Hays State so nicely once more,” stated Dr. Tom Johansen, professor of finance. Johansen is the long-time former advisor for the monetary planning problem staff and now assists present advisor Dr. Christina Glenn, assistant professor of finance. “We select college students for the staff who’re very studious, bold, and aggressive. They’re profitable as a result of they’ve a number of drive and powerful work ethic. They know the historical past of our previous groups and wish to be simply as profitable.”
Attributable to COVID-19 precautions, the competitors was performed on-line, permitting college students to expertise the digital facet of economic planning that actual world monetary advisors are at present navigating in the course of the pandemic. College students have been examined over funding ideas, revenue tax, retirement planning, insurance coverage, property planning, and monetary planning ideas.
Section 1 of the competitors required college students to supply a written complete monetary plan for a given case evaluation. The primary section of the competitors consisted of a monetary planning case research for a hypothetical household. College students assessed the shopper’s wants and ready a complete monetary plan for the shoppers primarily based on the info offered. Use of commercially obtainable monetary planning software program was prohibited.
Groups have been inspired to be artistic and make assumptions the place particulars weren’t offered. 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’ objectives and wishes and the power to fulfill them as a consequence of monetary or different constraints.
The highest eight groups from Section 1 went on to compete in Section 2, an oral presentation of the plan, and Section 3, a “How Do You Know” quiz bowl.
The FHSU college students made the top-eight finalist checklist and took first place within the quiz bowl portion of the finals, serving to increase them into fourth place within the total standings and primary among the many groups collaborating 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 nicely the Fort Hays State college students carried out within the competitors. She famous how their first-place end within the quiz bowl, and their total effort, speaks volumes in regards to the college students and school within the Robbins Faculty of Enterprise and Entrepreneurship.
“Our college students needed to make the most of vital considering and written and oral communication abilities 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.”