TD Ameritrade Institutional Welcomes Applications for 2018 NextGen Financial Planning Scholarships & Grants
April 03 2018 - 9:00AM
Business Wire
Applications Accepted Online Now Through June
1, 2018
TD Ameritrade Institutional,1 provider of custody and brokerage
services to more than 6,000 independent registered investment
advisors (RIAs), is pleased to announce its sixth annual NextGen
Scholarships & Grants, part of a 10-year, $5 million commitment
to help expand the numbers of young professionals joining the
financial planning profession.
U.S. undergraduate students interested in pursuing a career in
personal financial planning can apply for a $5,000 scholarship now
through June 1, 2018. This year, TD Ameritrade Institutional will
award a total of 12 scholarships, including at least two awards
recognizing scholars from demographic groups under-represented in
the RIA industry to help foster greater racial, gender, and ethnic
diversity in the ranks of advisors.
Scholarship applicants should be freshmen, sophomores or juniors
pursuing a bachelor's degree in financial planning at an accredited
four-year college or university, with a satisfactory academic
standing.
TD Ameritrade Institutional, which since 2013 has awarded 58
scholarships totaling nearly $300,000, seeks to help the RIA
industry attract a new generation of young talent, and foster
greater diversity among advisors by raising awareness of the career
opportunities available to RIAs.
Additionally, colleges and universities interested in expanding
an established financial planning degree program can apply for a
$50,000 grant, while schools with a new or start-up program can
apply for a $25,000 emerging program grant. These awards are
intended to help increase the capacity of U.S. colleges to train
future advisors, helping alleviate a looming shortage of advisors,
and elevate the quality of programs so that more young advisors can
meet the real-world needs of RIA firms. Since 2013, TD Ameritrade
Institutional has awarded $350,000 in grants to five schools.
"Finding, recruiting and developing the next generation of
investment advisors are among the biggest challenges faced by
independent RIAs. With our NextGen Scholarship and Grant Programs,
we want to help expand the pool of top talent by raising awareness
of the career prospects among students and supporting the growth of
financial planning degree programs,” said Kate Healy, managing
director of Generation Next at TD Ameritrade Institutional.
Job prospects are indeed bright for financial planning
graduates. The U.S. Bureau of Labor Statistics forecasts 15 percent
growth in financial planner jobs by 2026 -- double the overall 7
percent growth rate projected for all other occupations2 -- as a
wave of baby boomers depart the financial advice industry and
retirees drive demand for wealth management services.
Apply TodayVisit the TD Ameritrade Institutional NextGen
Scholarships & Grants home page to learn more about the program
and to submit an online application.
About TD Ameritrade InstitutionalTD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 6,000 fee-based, independent RIAs 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 CorporationTD Ameritrade
provides investing services and education to more than 10 million
client accounts totaling more than $1 trillion in assets, and
custodial services to more than 6,000 registered investment
advisors. We are a leader in U.S. retail trading, executing more
than 700,000 trades per day for our clients, nearly a quarter of
which come from mobile devices. We have a proud history of
innovation, dating back to our start in 1975, and today our team of
10,000-strong is committed to carrying it forward. Together, we are
leveraging the latest in cutting edge technologies and one-on-one
client care to transform lives, and investing, for the better.
Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or
read our stories at Fresh Accounts.
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
Department of Labor, Bureau of Labor Statistics, Occupational
Outlook Handbook,
http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
Source: TD Ameritrade Holding Corporation
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180403005214/en/
TD AmeritradeJoseph A. Giannone,
201-369-8705Communications & Public
AffairsJoseph.Giannone@tdameritrade.com
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