Texas Tech Professor Michael Finke Named to Power 20 List

A Texas Tech professor has been named to a list which contains the President and Speaker of the U.S. House..

Michael Finke, a professor of Personal Financial Planning at Texas Tech, was recognized by Investment News for his research estimating the impact of proposed fiduciary legislation on the brokerage industry.

Finke was ranked 12th to the 2013 Investment News Power 20 list, and joins President Barack Obama, Federal Reserve Chairman Ben Bernanke, and U.S. House Speaker John Boehner.

Finke’s paper, published in the Journal of Financial Planning, investigated the behavior of brokers within states that had a stricter fiduciary standard and concluded that legislation requiring a fiduciary standard wouldn’t have an adverse effect on brokers’ ability to serve customers.

“Through our research on a number of topics, we’ve been able to improve the base of knowledge within the financial planning industry,” said Finke. “We hope to have an even greater impact on the profession in 2013.”

Finke will also be the keynote speaker at the National Association of Professional Financial Advisors conference in 2013.

The group’s list is available here.