DENVER (July 31, 2024) — The Financial Planning Association® (FPA®), the leading membership organization and trade association for Certified Financial Planner™ professionals, is pleased to announce Carol Anderson, M.S., as the recipient of the Association’s and profession’s highest individual award – the 2024 P. Kemp Fain, Jr., Award.
In honor of the late P. Kemp Fain, Jr., CFP®, this pinnacle of recognition is bestowed on an individual who has made significant contributions to the advancement of the financial planning profession. The Award is presented to an individual who has realized outstanding achievements in service to society, academia, government, and professional activities.
“The P. Kemp Fain, Jr., Award provides a special time each year to recognize someone who has had a deep impact on the financial planning profession, and few people have had as much of an impact as Carol Anderson. Carol’s research and programs have been a catalyst in the development of financial planners for nearly four decades and will prove to be instrumental in the development of future generations of financial planners,” said 2024 FPA President Claudia Kane, CFP®. “The work Carol has done over the years has enabled financial planners to better understand the emotional and behavioral aspects of money while providing an important foundation for establishing stronger relationships with clients. I look forward to celebrating Carol when we gather for FPA Annual Conference in Columbus this September.”
Carol Anderson, M.S., is the founder and vice president of Money Quotient®, established in 2001 to provide financial planners and other professionals with the tools and training they need to assist their clients in developing a more successful and satisfying relationship with money. She is also the founder of MQ Research & Education™ (MQRE), a 501(c)(3) non-profit organization founded on the belief that a multi-disciplinary, evidence-based approach to financial planning, education, counseling, and therapeutic processes will clarify best practices and promote successful client relationships.
Over a career spanning 35 years, Anderson has developed tools, resources, and training to teach the practical application of a multi-disciplinary, research-based approach to financial planning, coaching, and counseling. As a researcher, writer, and consultant, she has collaborated with various companies and nonprofit organizations to explore issues related to financial planning education, retirement preparation, life planning, productive aging, among others.
In 2007, Anderson conducted groundbreaking research and co-authored “Communication Issues in Life Planning: Defining Key Factors in Developing Successful Planner-Client Relationships,” a whitepaper that significantly influenced the evolution of financial services. This research has been cited numerous times in the current CFP® curriculum and other publications. In 2021, Anderson led research and co-authored another critical whitepaper revealing the never-before-studied effects of national and global events on client-planner relationships titled “Developing & Maintaining Client Relationships in a Rapidly Changing Environment.”
In addition to her numerous contributions, Anderson applied her research findings to developing client discovery tools and the “MQ True Wealth Planning” model, a research-based delivery model for financial planning that assists financial planners in addressing the practical and emotional aspects of client relationships with money.
With a passion for supporting the development of financial planners, Anderson has created and taught several notable educational programs, including the Fundamentals of True Wealth Planning (24 CFP® CE credits), the Principles of Client Communication and Discovery (11.5 CFP® CE credits), and Empowering Change: Understanding Motivations and Guiding Financial Decision Making (11.5 CFP® CE credits). She has also developed various educational materials on financial literacy that have been used in employee education programs and pro bono financial planning events across the country.
Anderson’s work has profoundly impacted financial professionals and consumers alike, from the ultra-high-net-worth to those from underserved communities nationwide. The positive influence of Anderson’s work is extensive and likely not fully quantifiable.
Anderson earned a Bachelor of Science degree in early childhood education and family dynamics from Oregon State University in 1969 and a Master of Science degree in consumer economics and family resource management from the University of Idaho in 1991. She is a member of the Financial Planning Association, Purposeful Planning Institute, and Financial Therapy Association.
“I’m overwhelmed with gratitude for this recognition of my life’s work. I have been driven to identify the factors that inspire and equip individuals to maximize their resources and pursue lives of meaning and purpose. I am indebted to my family, teachers, and colleagues for encouraging and supporting me along this endlessly fascinating journey,” said Carol Anderson, M.S., the 2024 P. Kemp Fain, Jr. Award winner.
Anderson will be recognized at FPA Annual Conference 2024 in Columbus, Ohio, from Sept. 18-20, 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.