WESTLAKE, Texas--(BUSINESS WIRE)--
Today, Schwab Advisor Services in partnership with Charles Schwab Foundation announced the 13 recipients of its 2024 Registered Investment Advisor (RIA) Talent Advantage Student Scholarship (RIATA). In its fourth year, the initiative aims to increase access to the advisory profession by reducing financial obstacles and maximizing learning for future leaders.
The chosen recipients will each receive $10,000 to help support their enrollment for the 2024-2025 academic year. Each student will be paired with an independent RIA leader for mentoring to help further educate them on the opportunities within the industry and navigate the start of their professional careers.
“We are committed to creating equitable access to the industry through programs that can empower students to pursue their educational dreams while supporting them as they excel in the financial services industry and beyond,” said Jon Beatty, Managing Director, Head of Advisor Services. “This year’s scholarship winners are dedicated, curious, and inspiring individuals who will push the industry forward in more ways than one.”
This year, more than 500 students from over 100 universities across the country applied for the scholarship. The scholarship applications were vetted by individuals who are RIA firm leaders serving on Schwab’s Diversity, Equity & Inclusion (DEI) Advocacy Board. These individuals are leading efforts to cultivate an inclusive workplace, attract and develop differentiated talent, and champion diversity in the marketplace and their local communities.
The recipients of the 2024 RIA Talent Advantage Student Scholarship are:
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Chloe Garcia, University of Delaware, Senior
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Jay Zheng, Bentley University, Junior
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Jeremiah Barwick, Winthrop University, Senior
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Eber Silva, Texas Tech University, Senior
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Morgan Allen, Creighton University, Senior
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Gabi Kim, The University of Texas at Austin, Junior
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Michael Ray, University of North Florida, Senior
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Isabella Galindo Pacheco, The University of Texas at Austin, Sophomore
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Blake Grisvard, The Ohio State University, Sophomore
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Micah Barker, The University of Texas at Austin, Junior
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Ryan Arp, The Ohio State University, Senior
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Magdalena Latek, University of Colorado Boulder, Senior
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Alexandra Shipley, Utah Valley University, Senior
The recently released 2024
RIA Benchmarking Study
reaffirmed that growth in the industry has translated to a vast demand for talent with the need to hire more than 70,00 new staff over the next five years without accounting for attrition, retirements, or new firms. As firms look for new talent, 36% said they recruited from colleges and universities last year.
“Not only are firms looking for new talent, but they are recognizing the value of hiring a diverse team of employees to best reflect the needs of clients today, and tomorrow,” said Lisa Salvi, Managing Director of Advisor Services. “We are thrilled to be helping students strive toward career goals while fueling the RIA industry.”
Through programs such as the RIATA Student Scholarship and other established initiatives, Schwab can have an active hand in supporting, educating, and mentoring the future of the industry. Notably, this year, 80 students are expected to attend the Student Program at Schwab’s 2024 IMPACT Conference in San Francisco, CA to network with attendees and other students, as well as participate in and learn from the speaking sessions, to get a hands-on experience of the industry at work.
To learn more about the scholarship recipients or how to apply for next year’s scholarship, visit:
RIA Talent Advantage® Student Scholarship Website
.
About Charles Schwab
At Charles Schwab (NYSE: SCHW) we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at
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About Charles Schwab Foundation
Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation and classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. Its mission is to educate, volunteer and advocate on behalf of those in need so that everyone has the opportunity to achieve financial well-being. More information is available at
www.schwabmoneywise.com/foundation
.
Disclosures
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