Miranda Reiter, Ph.D., CFP®, Di Qing, Ph.D., and Morgen Nations, to receive top award for outstanding contribution to the Journal of Financial Planning

DENVER (July 9, 2024) – The Financial Planning Association® (FPA®) and the Journal of Financial Planning are pleased to announce Miranda Reiter, Ph.D., CFP®, Di Qing, Ph.D., and Morgen Nations, as the recipients of the 2024 Montgomery-Warschauer Award for their September 2023 Journal of Financial Planning paper, “Who Uses Social Media for Investment Advice?”

In its 13th year, the Montgomery-Warschauer Award recognizes 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. The award is named after the late Henry Montgomery, who helped create the Journal, and Tom Warschauer, the Journal’s first academic editor.

“The speed with which information is delivered to investors and consumers has increased exponentially. As financial planners work with clients, it’s increasingly important for them to understand how this information influences client belief systems and behavior, which this important paper uncovers,” said 2024 FPA President Claudia Kane, CFP®. "This paper by Reiter, Qing, and Nations builds on the 45-year legacy of the Journal of Financial Planning’s position as the premier thought leadership source for financial planners, and we look forward to honoring them and their contributions at the FPA Annual Conference this September.”

The winning paper was selected by the Journal of Financial Planning’s Editorial Advisory Board and the Journal editorial staff. The award will be presented to Reiter, Qing, and Nations, at FPA Annual Conference 2024 in Columbus, Ohio, from Sept. 18-20, 2024.

The paper uses data from the 2021 National Financial Capability Study (NFCS) to investigate the characteristics of consumers using social media as an information source for investment advice. Consumers have access to increasing amounts of information about financial products and strategies, but not all is appropriate to their situation. As AI-powered platforms make it easier for consumers to get answers to complex questions, it will be critical for financial planners to understand how technology informs their clients’ and prospects’ decision-making.

“Consumers’ comfort with and access to social media makes it an easy source to turn to for information, but the burden for vetting that information is on them. This research gives planners insight into how their clients’ use of social media influences their behavior and motivations and can help them respond effectively to client needs,” said Danielle Andrus, editor of the Journal of Financial Planning. “We’re honored to share this work with readers of the Journal of Financial Planning and are grateful for the authors’ contribution to the financial planning profession.”

Miranda Reiter, Ph.D., CFP®, is an assistant professor in the School of Financial Planning at Texas Tech University. Her research focuses on diversity, equity, and inclusion in the financial planning profession and consumer financial behavior. She is the author of the Audible audiobook Six Steps to Manage Your Money.

Di Qing, Ph.D., is a lecturer in the Department of Consumer and Design Sciences at Auburn University. He teaches most of the classes in the financial planning field, and his research interests include racial and gender inequity, financial literacy, and retirement planning.

Morgen Nations is a doctoral student in personal financial planning at Texas Tech University. Her research focuses on the difference between objective and subjective financial knowledge.

The authors will present the award-winning research at FPA Annual Conference 2024.


About the Financial Planning Association

The Financial Planning Association® (FPA®) is the leading membership organization and trade association for Certified Financial Planner™ professionals and those engaged in the financial planning process. FPA is the CFP® professional’s partner in planning by helping them realize their vision of professional fulfillment through practice support, learning, advocacy, and networking. Learn more about FPA at financialplanningassociation.org and on Twitter at twitter.com/fpassociation.

About the Journal of Financial Planning

First published in 1979, the mission of the Journal of Financial Planning is to expand the body of knowledge in the financial planning profession. With monthly feature articles, interviews, columns, and peer-reviewed technical contributions, the Journal's content is dynamic, innovative, thought-provoking, and directly beneficial to financial planners in their work. Learn more at www.fpajournal.org.