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Klontz to receive the 2018 Montgomery-Warschauer Award from the Journal of Financial Planning

The Financial Planning Association (FPA) has announced Derek R. Lawson, CFP and Bradley T. Klontz, PsyD, CFP, as the recipients of the 2018 Montgomery-Warschauer Award for their July 2017 paper in the Journal of Financial Planning titled, “Integrating Behavioral Finance, Financial Psychology, and Financial Therapy into the 6-Step Financial Planning Process.”
Lawson and Klontz will present the research at the 2018 FPA Annual Conference Oct. 3-5, where they will receive the award. The FPA will make a $1,000 donation that will be shared between the Financial Hope Collaborative (FHC)¬¬ affiliated with Creighton University’s Heider College of Business and Kansas State University’s Institute of Personal Financial Planning.
Their research emphasizes the importance of integrating behavioral finance, financial psychology and financial therapy theories and tools into the financial planning process to help clients change behaviors, reduce stress and anxiety and embrace change. It also shows how implementing these theories result in an improved financial planning experience for both clients and practitioners and increases the chances of clients satisfying financial planner recommendations.
Klontz, an associate professor of practice at Creighton University’s Heider College of Business, is an expert in the science and practice of financial psychology, financial planning and applied behavioral finance. He also co-founded the Financial Psychology Institute™, is a managing principal at Your Mental Wealth Advisors™ and has co-authored/co-edited articles including, Wired for Wealth (HCI, 2008) and The Financial Wisdom of Ebenezer Scrooge (HCI, 2008).
Derek Lawson is a doctoral candidate in personal financial planning at Kansas State University and a financial planner at Priority Financial Partners. His research is practitioner focused, allowing him to combine his experience as a financial planner with his research interests on relationship dynamics, physiological stressors, financial therapy, behavioral finance and consumption decisions with a primary focus of younger adults.
The Montgomery-Warschauer Award honors the paper published in the Journal of Financial Planning that provided the most outstanding contribution to the betterment of the profession in the preceding year.

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