The Financial Planning Association announced today it will posthumously honor Lynn Hopewell with its 2014 P. Kemp Fain, Jr., Award at its annual conference in September.

The award is given to an individual who has made outstanding contributions to the financial planning profession in the areas of service to society, academia, government and professional activities, and upholds FPA’s Core Values of competence, integrity, relationships and stewardship, according to the association.

Hopewell was a visionary leader in the financial planning profession until his passing in 2006 at the age of 68, says the FPA. He volunteered extensively with FPA and its predecessor organizations, serving two terms on the board of governors of the Certified Financial Planner Board of Standards.

Hopewell served as editor of the Journal of Financial Planning from 1992-95. In 1997, he published a paper titled “Decision Making Under Conditions of Uncertainty: A Wakeup Call for the Financial Planning Profession,” that introduced the use of Monte Carlo Simulations to the profession. This technique provided financial planning clients with a realistic range of outcomes they might expect to face with their finances in retirement.

The FPA also announced the two winners of the Heart of Financial Planning Award, which recognizes individual professionals or financial planning firms that give back to the planning community and public through financial planning.

This year’s winners are Rick Fingerman and Louis Barajas.

Fingerman has led the FPA of Massachusetts pro bono coaching program at the Dana Farber Cancer Institute, which has helped more than 300 patients and families, according to the FPA. He leads all facets of the program, including training coaches, developing processes and procedures, and collaborating with Dana Farber staff to continually improve on the program. Fingerman is a past president of the FPA of Massachusetts chapter and is the managing partner and co-founder of Financial Planning Solutions in Newton, Mass.

Barajas is the son of Mexican immigrant parents. His personal experiences provide a foundation for the educational work he does with people of all backgrounds and income levels in the Latino community, says the FPA. Barajas is the author of five consumer finance books. He is also past member of the FPA board of directors and of the FPA diversity committee. Barajas is the founder of Financial Literacy LAB in Santa Fe Springs, Calif.

The FPA Annual Conference – BE Seattle 2014, will take place Sep. 20-22 at the Washington State Convention Center in Seattle.