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The RIA Talent Advantage Scholarship Program, announced this week by Schwab Advisor Services in partnership with the Charles Schwab Foundation, intends to remove barriers and open doors for the next generation of independent investment advisory professionals.
According to the announcement, the program is an expansion of Schwab's University Grant Program, another partnership with the foundation, that aims to raise awareness of the RIA profession on behalf of advisors, and establish a pipeline for hiring.
Schwab said that since it rolled out the program, it has made more than $10 million in grants to financial planning programs at U.S. universities.
"It is essential that we attract a new generation of advisors to help carry the industry forward and meet the needs of increasingly diverse investors, Bernard Clark, head of Schwab Advisor Services, said in the announcement.
"We at Schwab, as well as our new colleagues from TD Ameritrade, have long championed this goal, and we are excited to come together to continue raising awareness of the RIA profession and actively supporting the development of next generation advisor talent."
