Congratulations to winners of the AFCPE Outstanding Research Journal Article!
2017: "Financial software use and retirement savings"
Dr. Qianwen Bi is an assistant professor in the Personal Financial Planning program at Utah Valley University’s Woodbury School of Business. She has been teaching financial planning software in the classroom for over 5 years and has been leading the Technology Applications curriculum in the Personal Financial Planning course at Utah Valley University for the past two years. Having taught the technology course for many years, Qianwen focuses her research on the impact of financial technology in the financial planning industry. Her recent article “The Efficacy of Publicly-Available Retirement Planning Tools” has been downloaded over 2,950 times within five days and made the Social Science Research Network (SSRN) Weekly Top 5 list. The paper has been cited on the Wall Street Journal and also mentioned by other finance-related medias. Dr. Bi holds a Ph.D. in Personal Financial Planning from Texas Tech University. She also holds a M.B.A degree from Rawls College of Business of Texas Tech University with an emphasize in finance. With her bachelor degree in Management of Information Systems from Dalian Maritime University, Qianwen found her passion to study the impact of technology on the financial services industry. Dr. Bi is called the technology expert in financial planning by her colleagues. She spoke at the Technology Tools for Today (T3) conference panel discussions on three different occasions to share her teaching experience and course developing skills of technology applications classes in the personal financial planning program. Other than that, Qianwen is actively involved in creating financial literacy education programs with professors in China. She recently served as an expert in a financial education program for lower income college students in China. The project is funded by Citi Foundation and the report will be presented at an international conference this summer. Dr. Bi is the coordinator of Chinese related projects in her program. She is now building a financial literacy summer camp for students from other countries to participate. Qianwen has a three-year old daughter Rosie and loves traveling with family to experience different cultures when time allows. Hobbies include basketball and professional badminton. A friend and commentator once said “she looks small but she plays big”. Other than that, Rachel loves singing, dancing, and cooking Chinese food for family and friends.
Dr. Michael Finke, CFP®, is Dean and Chief Academic Officer at The American College of Financial Services. He joined The College in June 2016, having served since 2006 as a professor and PhD coordinator in the Department of Personal Financial Planning at Texas Tech University. From 1999 through 2006, he served as the director of graduate studies at the University of Missouri.
Dr. Finke is a nationally renowned researcher with a focus on the value of financial advice, financial planning regulation, investments and individual investor behavior. He was named to the 2012 Investment Advisor IA 25 list and the 2013 and 2014 Investment News Power 20. His research conducted with The American College professor, Wade Pfau, questioning the 4% rule was published in the Journal of Financial Planning and won the 2014 Montgomery-Warschauer award for the most influential article in the publication. He had previously won the award with Thomas Langdon in 2013. He was also selected to present his research on financial literacy and aging at the 2015 MIT Center for Finance and Policy Conference.
Dr. Finke has published more than 50 peer-reviewed articles and is widely quoted in many of the nation’s leading consumer publications, including The Wall Street Journal, The New York Times, Time, and Money Magazine. Dr. Finke also writes the monthly Finke on Finance feature column for Research Magazine, in which he applies research to help professionals understand timely industry topics. He also worked on white paper research projects for companies that include MetLife, Northwestern Mutual, OneAmerica, the Society of Actuaries and TIAA. Dr. Finke served as president of the American Council on Consumer Interests, is currently a contributing editor to Research Magazine, and is the former editor of the Journal of Personal Finance.
Dr. Finke received a doctorate in consumer economics from The Ohio State University in 1998 and in finance from the University of Missouri in 2011, and his CFP® in 2006.
Sandra J. Huston, PhD is an associate professor and director of the Personal Finance program in the department of Personal Financial Planning at Texas Tech University. Dr. Huston is an online education consultant for WebEd Consulting and also consults for The Financial Literacy Group in Washington, DC. She received a PhD in consumer economics from the University of Missouri-Columbia. Dr. Huston’s research interests focus on human capital specifically related to personal finance (financial literacy) and the financial planning process, household use of financial advice, and the impact of financial sophistication on resource allocation within household portfolios. Dr. Huston was the 2013 recipient of the Chancellor’s Council Distinguished Research Award and the 2014 & 2015 winner of the AFCPE® Outstanding Symposium Paper Award. She is currently developing her financial health model to illustrate how both functional finance (financial literacy) and perceptual finance impact our financial health. Dr. Huston also leads the AFCPE Research Task Force.
2016: "Financial Literacy and Long-and Short-Term Financial Behavior in Different Age Groups", 27(1), 3-19
Robin Henager, PhD is a researcher and assistant professor in Economics and Finance in the School of Business at Whitworth University, in Spokane, WA. She received her PhD in Financial Planning, Housing and Consumer Economics from the University of Georgia. Her passion and her research focus are in the area of financial literacy, financial education, and student debt. She also leads a peer educator program at Whitworth focusing on financial literacy for college students. Prior to academia, Dr. Henager spent a number of years as a financial analyst and forecaster for Lockheed Martin Aerospace and transitioned from corporate work to non-profit work where she was the Director of Strategic Research for Crown Financial and volunteered her time to teach financial management seminars and provide one-on-one financial counseling to individuals and families. She has taught at the University of Georgia, Brenau University, and Whitworth University. She is a member of the Honor Society Phi Kappa Phi, the Association for Financial Counseling and Planning Education® (AFCPE®), and is currently serving as the conference chair for the American Council on Consumer Interests (ACCI).
Brenda J. Cude is a Professor and the Undergraduate Coordinator in the Department of Financial Planning, Housing and Consumer Economics at the University of Georgia. She earned a PhD in Consumer Economics at Purdue University. She also is the director of the University of Georgia Center for Economic Education. Dr. Cude’s primary research interests are in consumer decision-making, with an emphasis in personal financial literacy, and especially for college students. Her 60 publications include articles in leading journals. She also has presented more than 80 papers at professional conferences, primarily at the American Council on Consumer Interests, Marketing and Public Policy, and Financial Counseling and Planning Education conferences. Dr. Cude also has served in a variety of capacities representing consumers.
2015: “Factors Associated with Getting and Dropping Financial Advisors Among Older Adults: Evidence from Longitudinal Data”, 25(2), 129-147
Benjamin F. Cummings, Ph.D., CFP® is an assistant professor in the Finance Department at Saint Joseph’s University in Philadelphia, PA. While at Texas Tech, he volunteered as a Red to Black® financial counselor. Previously, Benjamin was the Scholar in Residence at CFP Board and also worked as a Summer Associate for FJY Financial, a fee-only financial planning firm in Northern Virginia.
Russell N. James, III, J.D., Ph.D., CFP® is a professor, CH Foundation Chair in Personal Financial Planning, and the Director of Graduate Studies in Charitable Planning at Texas Tech University. Russel is internationally known for his research on charitable giving. Prior to Texas Tech, he taught at the University of Georgia and the University of Missouri, and was the President of Central Christian College in Moberly, Missouri.
Past Award Winners
Henegar, J. M., Archuleta, K., Grable, J., Britt, S., Anderson, N., & Dale, A. (2013). Credit card behavior as a function of impulsivity and mother’s socialization factors. Journal of Financial Counseling and Planning, 24(2), 37-49.
Kim, J., & Chatterjee, S. (2013). Childhood financial socialization and young adults’ financial management. Journal of Financial Counseling and Planning Volume, 24(1), 61-79.
Beutler, I. F. (2012). Connections to economic prosperity: Money aspirations from adolescence to emerging adulthood. Journal of Financial Counseling and Planning, 23(1), 17-32.
Dew, J., & Xiao, J. J. (2011). The financial management behavior scale: Development and validation. Journal of Financial Counseling and Planning, 22(1), 43-59.
Rutherford, L., & DeVaney, S. A. (2009). Utilizing the theory of planned behavior to understand convenience use of credit cards. Journal of Financial Counseling and Planning, 20(2), 48-63.