In an effort to promote careers in financial planning and attract top
talent to the advisor industry, TD
Ameritrade Institutional1 announces a series of
initiatives to support the next generation of financial advisors. The TD
Ameritrade Institutional NextGen Scholarship program and Financial
Planning Education Grant will provide funding to increase student
enrollment in financial planning programs and encourage universities to
innovate in the area of financial planning curriculum.
Over the next decade, the financial planning industry is expected to
grow by 32 percent, nearly twice the average growth rate of all other
occupations (14 percent)2. Strong demand for advisory
services, coupled with the fact that less than six percent of existing
advisors are under the age of 30, points to a worsening talent shortage3.
"Advisors tell us recruiting is a top business challenge. They are
concerned about succession planning and want to leave their clients in
capable hands once they decide to retire or exit the business," said Tom
Nally, president, TD Ameritrade Institutional. "TD Ameritrade
Institutional is committed to raising the profile of financial planning
as a worthwhile career. Programs to recruit and develop younger talent
can help mid-sized registered investment advisor ("RIA") firms close the
gap with their larger counterparts and position the RIA channel as a
destination for new advisors, a market position previously held by
In 2013, TD Ameritrade Institutional will provide individual
scholarships valued at $5,000 each to 10 deserving and talented students
enrolled in undergraduate financial planning programs. A $50,000 grant
will be provided to a university which best demonstrates a commitment to
educating the industry's future financial professionals. "We believe
competition for this grant among higher education institutions will
encourage innovation and support greater investment in financial
planning curriculum," added Nally.
Applications will be accepted starting April 1, 2013.
TD Ameritrade Institutional will host more than 30 students at its
Conference, Jan. 30-Feb.1, 2013 in San Diego from nine
universities, representing the top financial planning undergraduate
programs nationally. Students and advisors attending the conference will
be given opportunities to network and connect for internships and
potential job placements.
TD Ameritrade Institutional has been a longtime supporter of several
university programs including the Learning Lab at the University of
Minnesota at Duluth, which provides hands-on educational opportunities
for financial planning students, the annual University of Dayton
R.I.S.E. (Redefining Investment Strategy Education) Forum and Texas Tech
University's Personal Financial Planning department.
For more information about the NextGen Scholarship and Grant program,
please email ScholarshipsatTDA@tdameritrade.com.
For more information about TD Ameritrade Institutional, please visit www.tdainstitutional.com.
For updates and news, visit www.TDA4advisors.com,
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TD Ameritrade is separate from and not affiliated with the educational
institutions mentioned above.
About TD Ameritrade InstitutionalTD Ameritrade Institutional1
is a leading provider of comprehensive brokerage and custody services to
more than 4,500 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.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors (RIAs) have
turned to TD Ameritrade's (NYSE: AMTD) technology,
to help 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 - bringing Wall Street to Main Street for more than 36
years. TD Ameritrade has time and again been recognized
as a leader in investment services. Please visit TD Ameritrade's newsroom
for more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org)
1TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.2Bureau
of Labor Statistics, "Employment Projections to 2020", Monthly Labor
Review, January 20123Cerulli Quantitative Update,
Advisor Metrics 2010
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