|Top 2006 Research Papers Share New Insights on Portfolio Rebalancing, Withdrawing Retirement Assets and Evaluating Long-Term Care Insurance|
Investors' questions about when to rebalance a portfolio, how to tap a retirement nest egg or whether long-term care insurance makes sense can be daunting to even the savviest financial experts. New insights into each of those subjects can be found in the three research papers chosen as winners of the 2006 Financial Frontiers Awards competition.
The Financial Frontiers Awards competition was created to encourage research that showcases new ideas and practical solutions for helping financial advisers and their clients. The program is sponsored by the Financial Planning Association(R) (FPA(R)) and Janus Capital Group Inc. (NYSE: JNS). The Journal of Financial Planning will publish the winning papers beginning with the November issue. The award-winning authors will present their research at FPA's 2006 annual conference and exposition October 24 in Nashville, Tenn.
"As financial planning becomes more complex, we hope these awards will jump-start innovation and offer advisors new ways to help their clients," said Rob Watson, CFP(R), managing director of Client Management for Janus' financial intermediary division.
The three winning papers are:
-- "Optimal Rebalancing Frequency for Stock-Bond Portfolios" - By William Desormeau, Jr., and David Smith, Ph.D., CFA
-- "Optimal Withdrawal Strategies for Retirees with Multiple Savings Accounts" - By Stephen Horan, Ph.D., CFA
-- "Risk Management for the Family: The Desirability of Long-Term Care Insurance" - By Joel Gold, Ph.D., CFP(R), John Herald, and David VanderLinden
Janus will contribute up to $100,000 to fund the Financial Frontiers Awards. The author or co-authors of this year's three award-winning research papers will each receive $10,000. The 63 research papers submitted this year were reviewed and evaluated by a distinguished panel of more than 40 judges from throughout the financial services community and academia.
"We were excited by the number and quality of entries we received for this competition," said Ian MacKenzie, FPA's Managing Director of Publishing and Institutional Relations. "It was difficult selecting the winning papers given the high caliber of entries we received."
The competition is open to all financial planners, investment consultants, registered representatives, registered investment advisers, bankers, accountants, educators, students, attorneys and practitioners from the insurance field and trust and estate planning firms. Submissions also are welcome from financial advisers and management or support staff at financial services institutions, regardless of their size.
Topics for research papers could include, but are not limited to, investments, practice management, retirement planning, general financial planning, and trust and estate planning.
The deadline for the 2007 Financial Frontiers Awards competition is January 16, 2007. To submit a research paper for consideration or to review the competition guidelines, please visit www.financialfrontiersawards.org.
Note to full-time editors and reporters: FPA offers full-time editors and reporters complimentary registration to FPA Nashville 2006. Register online or contact Beau Ballinger or Heather Almand at firstname.lastname@example.org for more information.
About Janus Capital Group Inc.
Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge. At the end of June 2006, Janus managed approximately $153.4 billion in assets for more than 4 million shareholders, clients and institutions around the globe. Outside the U.S., Janus has offices in London, Milan, Tokyo and Hong Kong.
About Financial Planning Association
The Financial Planning Association(R) (FPA(R)) connects those who need, support and deliver financial planning. FPA believes that everyone is entitled to objective advice from a competent, ethical financial planner to make smart financial decisions. FPA members demonstrate and support a professional commitment to education and a client-centered financial planning process. The Financial Planning Association is the owner of trademark, service mark and collective membership mark rights in: FPA, FPA/Logo and FINANCIAL PLANNING ASSOCIATION. The marks may not be used without written permission from the Financial Planning Association.
About the Journal of Financial Planning
The Journal of Financial Planning is the gold standard among financial planning publications. Launched more than 25 years ago, it features a unique editorial blend of peer-reviewed, cutting-edge financial planning research and timely, topical columnists and feature writers. The Journal of Financial Planning is often cited in Barron's, BusinessWeek and The Wall Street Journal.