Schwab Announces Recipients of its Talent Advantage Scholarship for Registered Investment Advisors
WESTLAKE, Texas–(BUSINESS WIRE)–Schwab Advisor Services and the Charles Schwab Foundation today announced the 12 recipients of their 2022 RIA Talent Advantage Scholarship (RIATA). In its second year, the scholarship continues to help break down financial barriers, championing diversity and opening doors for future talent within the independent RIA industry.
The 12 selected individuals are enrolled in various accredited four-year educational institutions across the country, bring diverse perspectives and experiences, and proudly demonstrate their pursuit of a career in the RIA industry. They will each receive a $10,000 scholarship for the 2022-2023 academic year and will be paired with an advisor mentor to empower them in their goal of becoming advisors.
“At Schwab, we believe in making the financial planning profession accessible to everyone,” said Leslie Tabor, director of Business Consulting & Education for Schwab Advisor Services. “The scholarship program helps pave the way for students pursuing careers in the RIA industry through further education and professional development. The 2022 Fellows represent the future of the industry, and we couldn’t be more excited for you to get to know them.
This year, 586 students applied for the scholarship, a 7% increase from last year, representing 54 universities across the country. Nearly 50% of applications were completed by students from diverse backgrounds. Of the selected recipients, half are of various races and almost half are women.
Applications are reviewed by individuals who are RIA business leaders serving on Schwab Advisor Services’ Diversity, Equity and Inclusion (DEI) Council. These individuals actively lead their companies’ efforts to cultivate an inclusive workplace, attract and develop differentiated talent, and champion diversity in the marketplace and in their local communities.
The winners of the RIA Talent Advantage Student Scholarship 2022 are:
Abigail Adams, Utah Valley University, Class of 2023
Sarah Chamberlain, Utah Valley University, Class of 2023
Keely Cleveland, Colorado State University-Fort Collins, Class of 2023
Corrigan Garcia, Texas A&M University, Class of 2023
Jennifer Giron, Seton Hall University, Class of 2023
Madeline Griffith, Texas Woman’s University, Class of 2023
Stephen Hanscom, Fairleigh Dickinson-Florham University, Class of 2023
Amaya Montgomery, North Carolina A&T State University, Class of 2024
Lauren Moskowitz, Georgia College & State University, Class of 2023
Johnny Nguyen, University of Arizona, Class of 2023
Julius Swaim, Gordon College, Class of 2024
Jesus Zepeda Castro, Arizona State University-Polytechnic, Class of 2023
“Winning this scholarship is truly a gift that means the world to me,” said Gordon College senior Julius Swaim. “Not only will this scholarship help me pay for my education, but it will also allow me to take a step closer to achieving my goal – to become a financial advisor who creates space for marginalized groups who have missed out on the many benefits of this industry to offer for generations.
According to Schwab’s recently released RIA 2022 benchmarking study, current growth rates will drive the industry to hire more than 70,000 employees over the next five years. This represents a significant opportunity for promising individuals, like the 2022 RIATA Scholarship winners, to cement their place within the industry.
Schwab is committed to supporting the growth of the RIA industry and advocating on behalf of advisors to attract new and diverse talent through this scholarship, as well as other established programs such as the IMPACT student program.®the RIA internship program and university scholarships.
To learn more about the scholarship or how to apply, visit: RIA Talent Advantage® Student Scholarship | Schwab Consulting Services.
About Charles Schwab
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About the Charles Schwab Foundation
The Charles Schwab Foundation is a private non-profit organization funded by the Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy and volunteerism. The Charles Schwab Foundation is classified by the IRS as a charity under Section 501(c)(3) of the Internal Revenue Code. The Foundation is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation.
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