Winners of the 2006 Financial Frontiers Awards Announced; Submissions for 2007 Competition Due January 16, 2007

Investors' questions about when to rebalance a portfolio, how totap a retirement nest egg or whether long-term care insurance makessense can be daunting to even the savviest financial experts. Newinsights into each of those subjects can be found in the threeresearch papers chosen as winners of the 2006 Financial FrontiersAwards competition.

The Financial Frontiers Awards competition was created toencourage research that showcases new ideas and practical solutionsfor helping financial advisers and their clients. The program issponsored by the Financial Planning Association(R) (FPA(R)) and JanusCapital Group Inc. (NYSE: JNS). The Journal of Financial Planning willpublish the winning papers beginning with the November issue. Theaward-winning authors will present their research at FPA's 2006 annualconference and exposition October 24 in Nashville, Tenn.

"As financial planning becomes more complex, we hope these awardswill jump-start innovation and offer advisors new ways to help theirclients," said Rob Watson, CFP(R), managing director of ClientManagement for Janus' financial intermediary division.

The three winning papers are:

-- "Optimal Rebalancing Frequency for Stock-Bond Portfolios" - By William Desormeau, Jr., and David Smith, Ph.D., CFA

-- "Optimal Withdrawal Strategies for Retirees with Multiple Savings Accounts" - By Stephen Horan, Ph.D., CFA

-- "Risk Management for the Family: The Desirability of Long-Term Care Insurance" - By Joel Gold, Ph.D., CFP(R), John Herald, and David VanderLinden

Janus will contribute up to $100,000 to fund the FinancialFrontiers Awards. The author or co-authors of this year's threeaward-winning research papers will each receive $10,000. The 63research papers submitted this year were reviewed and evaluated by adistinguished panel of more than 40 judges from throughout thefinancial services community and academia.

"We were excited by the number and quality of entries we receivedfor this competition," said Ian MacKenzie, FPA's Managing Director ofPublishing and Institutional Relations. "It was difficult selectingthe winning papers given the high caliber of entries we received."

The competition is open to all financial planners, investmentconsultants, registered representatives, registered investmentadvisers, bankers, accountants, educators, students, attorneys andpractitioners from the insurance field and trust and estate planningfirms. Submissions also are welcome from financial advisers andmanagement or support staff at financial services institutions,regardless of their size.

Topics for research papers could include, but are not limited to,investments, practice management, retirement planning, generalfinancial planning, and trust and estate planning.

The deadline for the 2007 Financial Frontiers Awards competitionis January 16, 2007. To submit a research paper for consideration orto review the competition guidelines, please visitwww.financialfrontiersawards.org.

Note to full-time editors and reporters: FPA offers full-timeeditors and reporters complimentary registration to FPA Nashville2006. Register online or contact Beau Ballinger or Heather Almand atfpa@fpanet.org for more information.

About Janus Capital Group Inc.

Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) isa recognized leader of growth and risk-managed investment strategies.Our commitment to deliver for investors is rooted in ourresearch-intensive approach and relentless passion to gain acompetitive edge. At the end of June 2006, Janus managed approximately$153.4 billion in assets for more than 4 million shareholders, clientsand institutions around the globe. Outside the U.S., Janus has officesin London, Milan, Tokyo and Hong Kong.

About Financial Planning Association

The Financial Planning Association(R) (FPA(R)) connects those whoneed, support and deliver financial planning. FPA believes thateveryone is entitled to objective advice from a competent, ethicalfinancial planner to make smart financial decisions. FPA membersdemonstrate and support a professional commitment to education and aclient-centered financial planning process. The Financial PlanningAssociation is the owner of trademark, service mark and collectivemembership mark rights in: FPA, FPA/Logo and FINANCIAL PLANNINGASSOCIATION. The marks may not be used without written permission fromthe Financial Planning Association.

About the Journal of Financial Planning

The Journal of Financial Planning is the Gold standard amongfinancial planning publications. Launched more than 25 years ago, itfeatures a unique editorial blend of peer-reviewed, cutting-edgefinancial planning research and timely, topical columnists and featurewriters. The Journal of Financial Planning is often cited in Barron's,BusinessWeek and The Wall Street Journal.