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K-State Today

May 13, 2020

Powercat Financial announces recipient of Waddell & Reed CFP reimbursement award

Submitted by Jodi Kaus

K-State's Powercat Financial peer-to-peer financial education program, in partnership with Waddell & Reed, has named Thomas Meek the recipient of the Waddell & Reed Reimbursement Program Award for CFP® Certification. Meek is a senior in the College of Health and Human Sciences' personal financial planning program.

The $1,625 award provides $625 toward reimbursement of the standard CFP® exam registration fee and $1,000 for reimbursement of a CFP exam review course.

"I am very thankful for this award because it takes away the financial burden of preparing for and taking the exam from both myself and my employer," Meek said. "This award will allow me to get started earlier and give me a better chance of passing the exam on my first try. As I near graduation, I have started working as an associate financial advisor for One & Done Financial and I will be moving to Abilene, Texas, after I get married in June." 

The Reimbursement Program for CFP Certification was established as part of Waddell & Reed's ongoing commitment to financial education. The Waddell & Reed Reimbursement Program for CFP Certification supports qualified financial planning graduates. To qualify, applicants must have completed two or more academic semesters as a Powercat Financial peer counselor, be nominated by the director of the Powercat Financial program, and have a B — 3.0 or higher on 4.0 scale — or better overall grade point average. Awardees will have one year from the award date to take the CFP exam in order to qualify for reimbursement. The award must be used to pay for the CFP certification examination fee and corresponding fees for a CFP exam review course.

Founded in 1937, Waddell & Reed offers a wide array of investment products and services, as well as a variety of insurance products through arrangements with outside insurance companies. 

CFP Board is a nonprofit certification organization with a mission to benefit the public by granting the CFP certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks CFP, Certified Financial Planner and federally registered CFP — with plaque design — and CFP — with flame design — in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements.