Ten-Year, $5M Commitment Aims to Help Develop
the Next Generation of RIAs and Strengthen University Financial
Planning Programs
TD Ameritrade Institutional1, a provider of custody and
brokerage services to more than 7,000 independent registered
investment advisors (RIAs), today announced the recipients of its
seventh-annual NextGen Financial Planning Scholarship and Grants, a
program aimed at fostering future financial planners.
TD Ameritrade Institutional awarded 12 talented and deserving
students with scholarships of $5,000 each, as well as grants to two
universities, totaling $75,000, to support the expansion and
enhancement of financial planning education. These awards aim to
help alleviate the growing shortage of advisors and elevate the
quality of programs and education to help sustain the financial
planning industry.
“These students embody the future of financial planning and,
through their studies, have shown great dedication to the
profession,” said Kate Healy, managing director of Generation Next
at TD Ameritrade Institutional. “Our industry is facing a
significant talent shortage. Through the scholarship and grant
program, we aim to attract more talented undergraduates to our
industry while also increasing the capacity of universities to
educate those who will lead our industry in the future.”
Financial planning is one of the most promising career paths
available to students today. The demand for professional financial
planning is expected to grow, as millions from the Baby Boom
generation move into retirement, while more than 100,000 financial
advisors are themselves expected to retire and leave the industry
over the next decade.2 As a result, financial planning jobs are
expected to grow 15 percent by 2026, or more than two times the
growth rate for all occupations.3
Meet the Winners
The 2019 TD Ameritrade Institutional RIA NextGen Scholarship
winners are:
Michele Boyle William Paterson
University
Ansleigh Brister Texas Tech
University
Genevieve Coan Virginia Polytechnic
Institute & State University
Jennifer Hagadorn Clemson
University
Riley Hale Utah Valley University
Zill Momin University of Houston
Kylee Nelson Utah Valley
University
Aaron Nolan Liberty University
Mary Grace Pruitt Winthrop
University
Maddie Roamer University of Wisconsin
- Madison
Jacob Shanklin University of Utah
Matthew Sweere Baylor University
Grant Winners
TD Ameritrade Institutional also named its 2019 NextGen
Financial Planning Grant winners, both of which have demonstrated a
strong commitment to educate and train the industry’s future
financial planners. Winthrop University, based in Rock Hill, South
Carolina, received a $50,000 grant to expand its established
financial planning degree program, while California State
University - Fullerton received a $25,000 grant to help launch a
new Professional Certificate in Personal Financial Planning
program.
Since 2013, TD Ameritrade Institutional has awarded 82
scholarships totaling nearly $410,000, as well as $500,000 in
grants to universities. The program is part of a 10-year, $5
million commitment to help attract a new generation of RIAs by
raising awareness of the career opportunities within the financial
services industry, as well as helping promising future advisors
fund their studies.
To celebrate their achievement, TD Ameritrade Institutional
invited the scholarship and grant winners to visit New York City
and the Nasdaq MarketSite in Times Square on July 23 to help ring
the Closing Bell.
To learn more about TD Ameritrade Institutional NextGen
Scholarships & Grants, visit our website or send email to
scholarshipsTDA@tdameritrade.com.
About TD Ameritrade Institutional
TD Ameritrade Institutional empowers more than 7,000 independent
registered investment advisors to transform the lives of their
clients. It provides powerful technology and resources that help
simplify running a business and let advisors spend more time doing
what matters most — serving their clients. Through meaningful
innovation, steadfast advocacy and unwavering service, TD
Ameritrade Institutional supports RIAs as they build businesses
that positively impact their clients and communities. TD Ameritrade
Institutional is a division of TD Ameritrade, Inc., member
FINRA/SIPC, a brokerage subsidiary of TD Ameritrade Holding
Corp.
About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more
than 11 million client accounts totaling approximately $1.3
trillion in assets, and custodial services to more than 7,000
registered investment advisors. We are a leader in U.S. retail
trading, executing an average of approximately 800,000 trades per
day for our clients, more than 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
(www.FINRA.org) / SIPC (www.SIPC.org)
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.
2 Cerulli Associates, U.S. Advisor Metrics: The Next Generation of
Planning 3 Bureau of Labor Statistics, U.S. Department of Labor,
Occupational Outlook Handbook,
https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
Source: TD Ameritrade Holding Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20190723005020/en/
Joseph A. Giannone Communications + Public Affairs T:
201-369-8705 joseph.giannone@tdameritrade.com
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