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:
- Chloe Garcia, University of Delaware, Senior
- Jay Zheng, Bentley University, Junior
- Jeremiah Barwick, Winthrop University, Senior
- Eber Silva, Texas Tech University, Senior
- Morgan Allen, Creighton University, Senior
- Gabi Kim, The University of Texas at Austin, Junior
- Michael Ray, University of North Florida, Senior
- Isabella Galindo Pacheco, The University of Texas at Austin,
Sophomore
- Blake Grisvard, The Ohio State University, Sophomore
- Micah Barker, The University of Texas at Austin, Junior
- Ryan Arp, The Ohio State University, Senior
- Magdalena Latek, University of Colorado Boulder, Senior
- 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 www.aboutschwab.com.
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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
Schwab is committed to building a diverse and inclusive
workplace where everyone feels valued. As an Equal Opportunity
Employer, our policy is to provide equal employment opportunities
to all employees and applicants without regard to any status that
is protected by law. Click here to see the policy. Schwab is an
affirmative action employer, focused on employing and advancing in
employment, qualified women, racial and ethnic minorities,
protected veterans, and individuals with disabilities in the
workplace. If you have a disability and require reasonable
accommodations in the application process, contact Human Resources
at applicantaccessibility@schwab.com or call 800-275-1281.
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Kristin Meza Charles Schwab 862.742.7482
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