Registration Now Open for the IARFC National Financial Plan Competition
The International Association of Registered Financial Consultants (IARFC®) announces the opening of university registration for their National Financial Plan Competition (NFPC). This Competition involves undergraduate teams from a financial services curriculum who enter a financial plan for judging based on a fictional family case narrative.
MIDDLETOWN, Ohio, July 21, 2020 /PRNewswire-PRWeb/ -- This narrative consists of numbers and family detail history that will be interpreted by the students and presented to a panel of judges. Three of the IARFC US Chapter Board of Directors – President Rick Stanzione, RFC®, Robert Miller, RFC® and Lemuel Kornegay, III, RFC® combined their many years of practice to develop this case scenario which will be sent out in October to the those student teams who registered. "Developing the financial facts for our fictional family case study took a lot of thought," admitted Kornegay. "I think we came up with a scenario that will challenge the students to deliver appropriate solutions for their clients. Our goal was to create a learning experience by having them explain their financial plan and defend their strategies. I look forward to reviewing their game plans."
The actual registration for the Competition is now open and information is being sent to universities that have Financial Services Programs to start thinking about the 2021 event. This will be followed up with hard deadlines for registration and later plan entry due dates.
The IARFC also is looking for Corporate Sponsors and Individual Donors who play a major role in the success of the Competition. "I have had the opportunity to interact with the students in this Competition," relates Barry Dayley, MRFC® from Money Concepts International - a past Corporate Sponsor of the Competition. "It's extremely important to the future of our industry to support these young people as they consider their careers in financial services. They are bright and compassionate individuals who will no doubt be successful in caring for their clients' financial well-being."
For those professors who wish to register their teams, please visit http://www.iarfc.org/events/nfpc for specific Rules and Details. The Participation Agreement must be received by September 25 for their students to compete. The Competition judging will be carried out through multiple phases with 3 teams eventually meeting in a Finals round next Spring.
"I encourage professors to send in their registration form as soon as possible for 2021," commented Vicki Caplinger, IARFC NFPC Coordinator. "Even though this year we had to virtually reorganize the entire Finals presentations due to social distancing mandates, the students still felt they are now better prepared to craft and present a financial plan. It's a win-win situation for everyone involved."
Complete information can be found by visiting http://www.iarfc.org/events/nfpc or by emailing [email protected].
SOURCE IARFC
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