Harold Evensky, a leader in the financial planning community, has been named the 2018 Frankel Fiduciary Prize winner, the Institute for the Fiduciary Standard announced Thursday.

The prize is named for Professor Tamar Frankel of the Boston University School of Law to acknowledge individuals who have made significant contributions to the preservation and advancement of fiduciary principles in public life.

It is the second major award acknowledging Evensky’s contributions to financial planning to be announced in two days. On Wednesday, the Financial Planning Association announced Evensky will be the recipient 2018 P. Kemp Fain Jr. Award, the highest individual honor the FPA bestows.

Evensky is chairman of Evensky & Katz/Foldes Financial, a fee-only financial advisory firm based in Miami, Fla., and Lubbock, Texas. The award will be presented at Texas Tech University in Lubbock on September 21.

“Harold Evensky, regarded as the Dean of Financial Planning, was a compelling choice as the recipient of this year’s Frankel Fiduciary Prize. Harold has emphasized the central importance of the fiduciary standard in his own practice and ensured an influential legacy through his guiding role with numerous advisor organizations, his teaching and his authorship of widely read books and journal articles,” said Deborah A. DeMott, David F. Cavers Professor of Law at Duke University and chair of the Frankel Fiduciary Prize selection committee.

“Harold has been a tireless champion and a passionate voice throughout his career in helping to promulgate the need for professional, principle-based fiduciary standards for the advisor community,” added Patricia Houlihan, president and CEO of Houlihan Financial Resource Group in Ashburn, Va.

Evensky is professor at the Texas Tech University Personal Financial Planning Department. He has received a long list of awards for his contributions to the profession and for his authorship of financial planning books and papers and is a frequent public speaker on financial planning and fiduciary issues.

The Institute for the Fiduciary Standard is a nonprofit formed to advance fiduciary principles through research, education and advocacy.