2011 Academic Thought Leadership Award Winners

by Tom McDonough on October 7, 2011

The Thought Leadership Awards program recognizes authors of papers who demonstrate excellence in original thinking and industry leadership. It consists of two categories:

  • Practitioner Thought Leadership Award – Practitioner authors may range from financial advisors to product development managers to marketing communications experts.
  • Academic Thought Leadership Award – Scholars may include academics from across the realm of educational institutions.

Each award winner will be rewarded with $5,000 and their work will be published in the new RMJSM.

The RMJSM and the Thought Leadership Awards are sponsored by Allianz Global Investors (AGI), a firm recognized for its support of academic research in the fields of retirement income and investment strategies for pensions and retirement.

2011 Academic Thought Leadership Award Winner 

2011 Academic Thought Leadership Award

Williams, Gadenne, Finke

At this year’s Fall Conference, Duncan Williams, CFP®, Doctoral Candidate and Graduate Instructor in the Personal Financial Planning Division of Texas Tech University, and his advisor, Michael S. Finke, PhD, Associate Professor and Coordinator of the Personal Financial Planning Division, received the first Academic Thought Leadership Award for their insightful paper, “Determining Optimal Withdrawal Rates: An Economic Approach.”


2011 Academic Thought Leadership Award winners

Powell, Finke, Williams, Wolfe

Bruce E. Wolfe, CFA, Managing Director, Allianz Global Investors, presented the honor to the winners and unveil the 2nd issue of the RMJ™ which all attendees received at the conference.

In addition, Wade Pfau, Associate Professor of Economics, National Graduate Institute for Policy Studies, explained the significance of the winning paper in the context of laying out a framework for estimating an ideal income floor and investment portfolio combination for retirement income planning. His article, Retirees and Utility Maximization helps to incorporate traditional research on the “safe withdrawal rate” into the RIIA Advisory Process showing how risk tolerant retirees with a basic income floor may be willing to accept quite high failure rates, which is a counterintuitive result for the “safe withdrawal rate” research.

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