TD Ameritrade Institutional Awards 4th Annual
NextGen Financial Planning Scholarships & Grants, Addresses
Looming Talent Gap in the RIA Industry
- Follow the nextgen financial
planning event on Twitter @TDA4Advisors and
#RIANextGen
- Watch the Nasdaq bell-ringing, meet
the scholarship & grant winners via Facebook
Live
In the list of 2016 Scholarship and Grant Winners from the
release dated July 20th, 2016, the fourth name in the first column
should read Julia Buchholz (instead of Julie Buchholz).
The corrected release reads:
FUTURE FINANCIAL PLANNERS TAKE MANHATTAN,
RING THE NASDAQ CLOSING BELL TO PROMOTE RIA CAREER TRACK
TD Ameritrade Institutional Awards 4th Annual
NextGen Financial Planning Scholarships & Grants, Addresses
Looming Talent Gap in the RIA Industry
- Follow the nextgen financial
planning event on Twitter @TDA4Advisors and
#RIANextGen
- Watch the Nasdaq bell-ringing, meet
the scholarship & grant winners via Facebook
Live
They say if you can make it here, you can make it anywhere,
which is why TD Ameritrade Institutional1 gathered financial
planning undergraduates and university educators for a grand tour
of New York, New York, culminating with the ringing of the Nasdaq
closing market bell.
To encourage more students to pursue financial planning careers,
TD Ameritrade awarded its fourth annual NextGen Financial Planning
Scholarships to 12 students pursuing bachelor degrees in financial
planning. Each student receives $5,000 in scholarships, including
two awards for students from under-represented demographic groups,
to help increase racial, ethnic and gender diversity in the RIA
industry.
Also, a total of $75,000 of grants were awarded to two
universities to foster financial planning education, the latest
effort to encourage more schools to develop programs to educate
future RIAs.
To celebrate their achievement, and help put a face on the
future of financial planning, TD Ameritrade Institutional invited
this year’s Scholarship and Grant winners for a tour of New York’s
financial district and a visit to the Nasdaq Market Center, where
winners will help ring the closing bell on July 20.
The New York event is part of a larger effort at TD Ameritrade
to get more students and universities excited about the financial
planning profession and to build a pipeline of future registered
investment advisors (“’RIAs”) prepared to sustain the industry for
decades to come.
“The RIA industry has seen steady growth over the past 30 years2
serving boomers, but now we need to attract young clients and new
talent to mirror the changing makeup of the U.S. market,” said Tom
Nally, president, TD Ameritrade Institutional. “With these
scholarships and grants, we hope to put more students on a
financial planning career path and help RIAs get ready to serve the
next generation of investors.”
The 2016 Scholarship and Grant Winners are:
Albert Appouh
Alexandra de Gravelle
Scott McGehee
Rutgers University
Louisiana State University
Kansas State University
Gerika Ballard
Brittany Frampton
Brian Miller
Utah Valley University
Utah Valley University
Utah Valley University
Marlen Breve
Blane Heisler
Tiffany Peterson
Louisiana State University
Olivet College
Utah Valley University
Julia Buchholz
Megan Manno
Chauncey Thomas
University of Illinois
Louisiana State University
Florida State University
Grant Winners
TD Ameritrade Institutional also encourages more colleges and
universities to expand or enhance their financial planning degree
programs, increasing the capacity of U.S. schools to educate and
train more young professionals to join the RIA industry. This year,
University of Houston received a $50,000 grant for an
established program while Delaware State University received
a $25,000 emerging program grant to help launch their program.
The RIA industry is facing a shortage of advisors, largely
because the demand for fiduciary advice is growing: millions of
baby boomers are getting set to retire, while younger investors in
their prime earning years are building and inheriting trillions in
wealth. At the same time, there aren’t enough young people entering
the profession to replace the older advisors who dominate the ranks
of the RIA business and are themselves reaching retirement
age.2
As a result, jobs for personal financial advisors are expected
to grow by 30 percent by 2024, more than four times the 7 percent
growth rate for all occupations, according to the Bureau of Labor
Statistics.3
Scholarships and grants are among many programs within TD
Ameritrade Institutional’s broader NextGen Initiative, intended to
help fill the RIA industry’s pipeline with diverse and talented
individuals willing to lead the RIA industry in the future and who
will continue the important work of caring for investors and their
families.
For more information about TD Ameritrade Institutional, visit
www.tdainstitutional.com. Learn more about NextGen Scholarships
& Grants by clicking here or emailing
ScholarshipsatTDA@tdameritrade.com.
About TD Ameritrade InstitutionalTD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 5,000 fee-based, independent
registered investment advisors and their clients. Our advanced
technology platform, coupled with personal support from our
dedicated service teams, allows investment advisors to run their
practices more efficiently and effectively while optimizing time
with clients. TD Ameritrade Institutional is a division of TD
Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding
Corporation.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors turn to TD
Ameritrade’s (Nasdaq: AMTD) technology, people and education
to make investing and trading easier to understand and do. Online
or over the phone, in a branch or with an independent RIA,
first-timer or sophisticated trader, our clients want to take
control and we help them decide how: We’ve been bringing Wall
Street to Main Street for more than 40 years. An official sponsor
of the 2016 U.S. Olympic Team, TD Ameritrade has time and again
been recognized as a leader in investment services. Please visit TD
Ameritrade’s newsroom or www.amtd.com for more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
/ SIPC
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation2
Cerulli Associates, The Cerulli Report, Advisor Metrics 2015:
Anticipating the Advisor Landscape in 2020 (Subscription required)3
Bureau of Labor Statistics, Occupational Outlook Handbook, December
2015,
http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
Source: TD Ameritrade Holding Corporation
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160720005064/en/
TD AmeritradeJoseph Giannone,
201-369-8705Joseph.Giannone@tdameritrade.com
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