Tom Potts Awarded Ambassador Award from the IARFCMay 6, 2019
By Caroline Mitchell
Tom Potts, professor of Finance in the Hankamer School of Business, was recently recognized with an Ambassador Award from the International Association of Registered Financial Consultants (IARFC).
IARFC is a non-profit professional association focused on advancing public confidence in the financial services profession. The Ambassador Award was awarded to eight recipients who carry out the mission of the IARFC through efforts, time, service and dedication to the profession. The award is an acknowledgement to those who notably carry out the mission of the IARFC both in the US and internationally and recognizes lifetime achievement.
Potts says he has been indirectly involved with the IARFC through his heavy involvement with the financial planning and wealth management profession.
“I am pleased that I would be recognized by an organization that I respect but have not been directly involved,” Potts said. “It means quite a bit that they are recognizing not just my work within their organization but mainly contributions I have made to wealth management and financial planning as a leader of other organizations.”
Potts is a Baylor Bear through and through. He received both his BBA and MS in Economics from the Hankamer School of Business before attaining a PhD from the University of Illinois and has been a professor at Baylor for about 44 years. He serves on the faculty senate and is the founding faculty advisor for Christian Business Leaders.
Outside the academic world, Potts has been heavily involved in professional associations while trying to enhance expertise and elevate ethical standards of the wealth management and financial planning profession. He says this involvement has required a lot of work but has been very gratifying.
Potts is past president of the Academy of Financial Services. He is the only person to have served as the chairman of the Certified Financial Planner Board, chairman of the International CFP Council and president of the Financial Planning Association. He has served on the editorial review board of multiple prestigious financial journals. Along with these positions, Potts has been recognized with a variety of awards including the first Distinguished Lifetime Achievement award in 2007 from the Personal Financial Planning Association at Texas Tech University, designated as an honorary director of the Japanese Academic Financial Planning Association and The Honors Award in 2010 from the FPA/DFW chapter.