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​DENVER - The Financial Planning Association® (FPA®) today announced that the 2013 recipients of the Montgomery-Warschauer Award are Dr. Michael Finke and Thomas Langdon for their Journal of Financial Planning article “The Impact of the Broker-Dealer Fiduciary Standard on Financial Advice.”

Now in its second year, 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. This award was named for the late Henry Montgomery, who helped create the Journal, and Tom Warschauer, the Journal’s first academic editor.

Winners are selected based on nominations by the FPA editorial staff, along with the votes of the Editorial Advisory Board, Practitioner Editor, and Academic Editor. The award will be presented at FPA Experience 2013 in Orlando, Fla. on Oct. 21 at 2:00 p.m.

“The Journal has become one of the premier sources of technical content on financial planning, investments and practice management because of the contributions of noted experts like Michael and Thomas,” said FPA Executive Director and CEO Lauren M. Schadle, CAE. “We are thrilled to have this opportunity to recognize their contribution to the Journal and to the advancement of all FPA members.”

Dr. Michael Finke is professor and Director of Retirement Planning and Living in the department of Personal Financial Planning at Texas Tech University. Thomas Langdon is professor of business law and Director of the Sovereign Bank Center for Business Support at the Gabelli School of Business at Roger Williams University.

Their paper sought to answer the question: Do strict fiduciary standards for registered representatives limit broker-dealers’ ability to recommend commission investments and serve middle-market clients? This much-awaited study compared adviser practices in states with strict fiduciary standards to those in non-fiduciary states.

The Journal of Financial Planning focuses on expanding the body of knowledge of the financial planning profession. With monthly feature articles, interviews, columns and peer-reviewed technical contributions, the Journal's content is dynamic, innovative and directly beneficial to financial planners in their work.