Announcing the Finalist for the IARFC National Financial Plan Competition

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The International Association of Registered Financial Consultants (IARFC®) is excited to announce the teams scheduled to present in the Finals of the IARFC National Financial Plan Competition on April 22. For the second year in a row, the virtual format will be utilized in compliance to COVID-19 precautions for public gatherings and the safety of the students and judges.

International Association of Registered Financial Consultants

This case helps the students practice, develop, and improve their technical and interpersonal skill sets. It is probably the single most impactful assignment that happens in any of my classes... Dr. Luke Dean, Utah Valley University

“Once again we find ourselves having to forego an in-person event,” explained IARFC Competition Coordinator Vicki Caplinger. “Happy to report that our student teams take the changes in stride and adapt to what is becoming a more common method of professional interaction through virtual meetings. I wish all our participants good luck in the Finals.“

The following students will be gearing up for their recorded presentation to be judged by the US Chapter Board Directors:

  • Kristen Revis, Western Carolina University, Patrick Payne, Ph.D. - Assistant Professor
  • Thomas Bindbeutel and Gracie Trokey, Truman State University, Charles Boughton - Instructor
  • Sophia Spangler, Western Carolina University, Patrick Payne, Ph.D. - Assistant Professor
  • David Stout and Tanner Manning, Utah Valley University, Luke Dean, Ph.D. - Associate Professor

These finalists are the results from the January Semi-Finals where six teams presented their financial recommendations and were scored according to both financial relevancy and personal delivery of their plan.

"I am very proud of my partner Tom and I for advancing to the Finals in the IARFC competition,” commented Gracie Trokey. “We are so grateful that we have been given the opportunity to represent Truman State University in this competition for the first time! The IARFC National Financial Plan Competition has given us a genuine perspective of how to take care of the financial well-being of

The National Financial Plan Competition is organized through the IARFC for undergraduate students in a curriculum related to Financial Services and supported in part by IARFC members and corporate backers such as 2021 sponsors Money Concepts International, Envestnet MoneyGuide, and Northstar Wealth Partners.

This competition gives students an exercise in real-world practices – that of analyzing a client’s financial situation and critically thinking a course of action. In many cases, professors have used this exercise as part of their curriculum. Participants were given a fictional case study of a family and an overview of their financial picture. From that data, teams were asked to produce a financial plan with recommendations for current and future action. “The IARFC national financial plan case study competition provides real world experience and professional networking for our students who want to become future professional,” confirms Dr. Luke Dean, Utah Valley University. ”This case helps the students practice, develop, and improve their technical and interpersonal skill sets. It is probably the single most impactful assignment that happens in any of my classes.”

For more information on the IARFC National Financial Plan Competition, visit https://www.iarfc.org/events/nfpc. The results of the Finals will be announced as soon as the information is available.

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Susan Cappa
IARFC
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