CHICAGO, Aug. 17, 2020 /PRNewswire/ -- Envestnet, Inc.
(NYSE: ENV) announces that 3,388 students have completed the
Envestnet Institute On Campus program as of June 30, 2020. Five years after its
establishment, the online asset and wealth management
career-training initiative now includes 40 participating colleges
and universities across the country.
"The energy and resources we have invested into the Envestnet
Institute On Campus have created a diverse pool of workforce-ready,
entry-level talent for asset and wealth management firms," said
Bill Crager, CEO of
Envestnet. "We are proud to work with colleges, universities,
and other partners to build a vital foundation for the future of
our industry. It is our sincere hope that the next generations we
inspire will define the future of advice—and utilize their training
and connections to bring financial literacy, support, security, and
wellness to their communities."
For the first time, the Envestnet Institute On Campus
(http://www.envestnetinstituteoncampus.com) has launched a summer
session to meet the increasing demand for its courses. More than
200 students are currently enrolled in the five-week course. To
learn more about Envestnet's commitment to shaping the future of
financial literacy and education, please visit
https://envestnet.blog/2020/07/07/3-ways-we-can-shape-the-future-of-financial-literacy-and-education/.
The Envestnet Institute On Campus (EIOC) curriculum consists of
seven self-paced, hour-long eLearning classes which have required
exams and are available at no cost to participating schools and
students. Participants can also receive an additional four hours of
optional professional training and add their résumés to the
program's Résumé and Internship Hub, powered by DAKdirect. This
database can serve as a useful tool for asset and wealth management
firms seeking diverse young talent to fill internships and
entry-level positions.
Over the past five years, the EIOC has achieved a completion
rate of 71 percent. Most participants manage the coursework
alongside their regular classes. In addition:
- Fidelity Investments joined the EIOC as a sponsor this year,
giving the program a broader reach for connecting students with
advisor employers via job fairs and other initiatives.
- A total of 3,388 participants have completed the program as of
the end of the 11th session in the spring of 2020,
including over 1,100 women and minorities. The EIOC's goal is to
train more than 5,000 students for careers in asset and wealth
management by year-end 2021.
- The EIOC continues to pursue partnerships with more colleges
and universities to strengthen the program's geographic and
population diversity. Recently added partners include Baylor University, Butler
University, University of
California-Los Angeles, and historically Black colleges and
universities, such as Howard
University. The EIOC, which launched in 2015 with five
schools, seeks to add 10 to 12 new schools per year.
- This is the second year that Envestnet has teamed up with the
CFP Board Center for Financial Planning to provide scholarships to
aspiring financial planners from populations underrepresented in
the financial planning profession—and especially women and people
of color—who are pursuing the Certified Financial Planner™
certification. This year, the Envestnet Scholarship Program has
awarded 20 scholarships of $5,000, an
increase from 11 in 2019. To learn more about this scholarship
opportunity, please visit
http://envestnetinstituteoncampus.com/cfp-board-scholarship-program/.
- Cheryl Nash, CEO of Tegra118 and
the first EIOC partner, significantly expanded the EIOC Women in
Wealth Management Initiative's mentoring program in 2019, more than
doubling the number of mentoring partnerships. Ms. Nash continues
to be the driving force behind the Women in Wealth Management
Initiative, which organized an additional four webinars last year
for women interested in careers in the industry.
"We have worked closely with the Envestnet Institute On Campus
since its genesis to build a strong network connecting young women
with experienced leaders dedicated to helping them grow and
thrive," said Cheryl Nash, CEO of
Tegra118. "The Women in Wealth Management Initiative broadens
the diversity of entry-level talent in our dynamic industry, and
importantly, gives students the skills and support to succeed after
they graduate and join the workforce."
"Cultivating awareness of career opportunities in wealth
management on campuses around the country is critical at a time
when the industry is working to increase its diversity and develop
the next generation of talent," said Anand Sekhar, Vice President of Practice
Management & Consulting at Fidelity Institutional. "Through
this initiative, we're able to move beyond building awareness and
give students the foundational and practical knowledge to get their
careers started—and help shape our industry's future."
The Envestnet Advisor Summit On-Demand's growing video content
library (https://www.envestnet.com/advisorsummit) also features
discussions about the Envestnet Institute On Campus and the future
of the asset and wealth management industry.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 103,000 advisors across more than
4,900 companies including 16 of the 20 largest U.S. banks, 46 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies, leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
Media Contact
Dana Taormina
JConnelly for Envestnet
973.850.7305
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.