As Online Career-Training Program Continues to Grow, Franklin
Templeton Lends Support to Help Strengthen Industry Diversity &
Inclusion
BERWYN,
Pa., Aug. 9, 2022 /PRNewswire/ -- Envestnet
announces that 882 students participated in the Envestnet Institute
On Campus (EIOC) program during the 2022 spring session—the highest
number of participants in any session of the online career-training
initiative so far. In addition to this record-setting achievement,
25% of the participants (221 people) are first-generation college
and university students.
"The Envestnet Institute On Campus program continues to go from
strength to strength, and the proof is in the impressive interest
it has received from higher-education students and institutions all
over the nation," said Jean
Heath, CIMA®, Managing Director and Head of
the Asset Manager Network at Envestnet, and Chair of Envestnet
Institute On Campus. "With each passing session, we are adding
to the pool of diverse, entry-level, and workforce-ready talent who
are prepared to take their place among the next generation of
wealth management professionals. We are incredibly proud of the
collaborative relationship between academia and industry-leading
firms that we have built through this initiative, and are grateful
to the support they provide to EIOC participants and
graduates."
The EIOC curriculum encompasses seven self-paced, hour-long
eLearning courses with mandatory exams which are available at no
cost to participating students and schools. Program participants
can also receive an additional four hours of optional professional
training, and include their résumés in the EIOC's Résumé Hub.
This database can be utilized by asset and wealth management firms
seeking to hire diverse young talent for internships and
entry-level positions.
The EIOC, established by Envestnet in 2015, is now available to
students at 49 participating colleges and universities across the
country, including four historically Black colleges and
universities. As of June 30, 2022,
more than 6,000 students have completed the program, which has
surpassed its original goal of training over 5,000 students by
year-end 2021. EIOC graduates include 1,907 people of color. During
the most recent EIOC session, 599 students completed the program,
44% of whom are women and 40% of whom are students of color. To
learn more, please visit
https://envestnetinstituteoncampus.com.
Envestnet continues to partner with other financial institutions
to expand the EIOC program, with Franklin
Templeton having recently signed on as a sponsor. As part of
its sponsorship, Franklin Templeton
will help enhance the EIOC curriculum with the addition of courses
related to a broad spectrum of topics, including sustainable
investing, alternative investments, and exchange-traded funds
(ETFs). Participants will be granted access to the firm's extensive
suite of on-demand trainings and coursework in multiple
languages.
Franklin Templeton will also work
to increase EIOC participation at current participating colleges
and universities, and bring the program to more schools. In
addition, the firm will host virtual and in-person career
networking events for EIOC participants, and act as program
ambassador by placing interns and filling entry-level openings
within Franklin Templeton where
available.
"Franklin Templeton is an active
participant in working to improve diversity across the industry,
and this initiative complements our commitment to partner with
leading organizations to foster a more inclusive investment
management industry," said Regina
Curry, Chief Diversity Officer for Franklin Templeton. "We believe a diverse
and inclusive workforce enables us to deliver better outcomes for
our clients. With award-winning content and expertise from the
Franklin Templeton Academy, we are excited to provide relevant
industry knowledge to the next generation of specialists."
About Envestnet
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). Envestnet is
Fully Vested™ in empowering advisors and financial service
providers with innovative technology, solutions, and intelligence
to help make financial wellness a reality for their clients through
an intelligently connected financial life. More than 105,000
advisors and over 6,500 companies—including 16 of the 20 largest
U.S. banks, 47 of the 50 largest wealth management and brokerage
firms, over 500 of the largest RIAs, and hundreds of FinTech
companies—leverage Envestnet technology and services that help
drive better outcomes for enterprises, advisors, and their
clients.
For more information, please visit www.envestnet.com, subscribe
to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.
About Franklin
Templeton
Franklin Resources, Inc. [NYSE: BEN] is a global investment
management organization with subsidiaries operating as Franklin Templeton and serving clients in over
155 countries. Franklin Templeton's
mission is to help clients achieve better outcomes through
investment management expertise, wealth management and technology
solutions. Through its specialist investment managers, the company
offers boutique specialization on a global scale, bringing
capabilities in equity, fixed income, multi-asset solutions and
alternatives. With offices in more than 30 countries and
approximately 1,300 investment professionals, the California-based company has 75 years of
investment experience and approximately $1.4
trillion in assets under management as of June 30, 2022. For more information, please visit
franklintempleton.com and follow us on LinkedIn, Twitter and
Facebook.
Media Contacts:
Dana
Taormina
JConnelly for Envestnet
envestnetpr@jconnelly.com
(973) 647-4626
Rebecca Radosevich
Franklin Templeton Corporate Communications
rebecca.radosevich@franklintempleton.com
(212) 632-3207
Katherine Fox
Prosek Partners for Franklin
Templeton
kfox@prosek.com
(646) 690-8926
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SOURCE Envestnet, Inc.