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3/18/2004
Contact:
K.E. Schwab -- 724-738-2199; e-mail:
karl.schwab@sru.ed
SRU
SCHOOL OF BUSIENSS STUDENTS QUALIFY
FOR
AMERICAN EXPRESS NATIONAL FINALS
SLIPPERY ROCK, Pa. – The
three-member Slippery Rock University School of Business American
Express Planning Invitational team has qualified for the national
finals to be held at the company’s Minneapolis headquarters
April 21-24.
The
finalists are: Jesse Cline of Somerset, Jim Kuminkoski of
Prospect and Joe Yamrozik of Pittsburgh.
Thirty-one
schools from across the U.S. competed in Phase 1 of the program by
preparing a comprehensive financial plan integrating the six areas
of personal finance planning – investment planning, insurance
planning, tax planning, retirement planning, employee benefits and
estate planning – from a case profile presented by AE. Eight
teams will compete in the finals, which involves two parts: the
Case Presentation and the "How Do You Know?"
Challenge.
The
submitted plans were judged on accuracy of calculations,
definitions and use of financial planning concepts, strategies and
recommendations as well as creativity and appearance, reports Dr.
John Misner, associate professor in SRU’s School of Business
and team adviser.
The
other seven teams include students from Fort Hays State University,
Kansas State University, Texas Tech, University of Minnesota,
Mankato, Virginia Tech, Western Carolina University and Wright
State University. The Minneapolis competition will
consist of two parts: the Case Presentation and the "How
Do You Know?" Challenge. “In the case
presentation portion, teams will be provided with a
twist to the original client profile and will then revise
their original plan to present a final list of recommendations to
the judges,” Misner explains, adding the judges will be
members of the Certified Financial Planner Board of Standards, the
Financial Planning Association, and field leaders from
American Express Financial Advisors.
The "How Do You Know?" Challenge is a game
show-like contest with teams answering financial planning related
questions for points. SRU’s 2002 team also qualified
for the competition and won this portion of the
contest.
In
addition to the formal competition, students have the opportunity
to network with professionals and industry
leaders.
PN, PgN,
WPN, PR, S
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