TD Ameritrade Institutional Reinforces Its Commitment to Attract NextGen Talent to Financial Planning Profession

A total of $135k in scholarship and grants earmarked to help develop the next generation of RIAs and strengthen financial planning degree programs

TD Ameritrade Institutional¹, a provider of custody and brokerage services to more than 7,000 independent registered investment advisors (RIAs), today announced that it is accepting applications for its seventh annual NextGen Financial Planning Scholarship and Grants. To learn more or to apply, visit https://www.tdainstitutional.com/lp/nextgen-scholarship.page.

Once again, TD Ameritrade Institutional will award a total of $135,000 -- 12 scholarships of $5,000 each to deserving and talented financial planning students. In addition, two grants will be awarded to universities demonstrating a commitment to educating the industry's future financial planners. One $50,000 grant will be given to a university with an established program, and one $25,000 grant will be given to a university with an emerging program.

Combined, the scholarships and grants demonstrate TD Ameritrade's enduring commitment to alleviate a growing shortage of advisors and elevate the number and quality of programs in this field. Recipients of 2019 scholarship and grant recipients will be announced in July.

Since 2013, TD Ameritrade Institutional has awarded 70 scholarships totaling $350,000 and $425,000 in grants to universities. The program is part of a decade-long, $5 million commitment to help attract a new generation of RIAs by raising awareness of career opportunities within the financial planning profession as well as helping promising future advisors fund their studies.

"We have a looming shortage of financial advisors, which creates tremendous job opportunities for bright, young students who are considering a financial planning career," said Kate Healy, managing director of Generation Next at TD Ameritrade Institutional. "Our profession also must elevate our presence on campus, to help strengthen financial planning programs and expand the pipeline of young talent."

According to the U.S. Bureau of Labor Statistics, jobs in the financial planning industry are projected to grow 15 percent by 2026—double the 7 percent growth rate expected of all other occupations. This projection is driven in part by the upcoming mass retirement of baby boomers, as well as growing demand for a more diverse workforce of financial planners.

How to apply:

To learn more about the NextGen Financial Planning Scholarships & Grants -- and apply -- visit https://www.tdainstitutional.com/lp/nextgen-scholarship.page.

Undergraduate students in the United States who are interested in pursuing a career in financial planning can apply for a scholarship now through June 3, 2019. Applicants must be a current college freshman, sophomore or junior with a satisfactory academic standing and be working toward a Bachelor's degree or a minor in financial planning at an accredited four-year institution.

In addition to the NextGen Scholarship & Grant Program, TD Ameritrade Institutional hosts numerous other programs to raise awareness of the career prospects of financial planning and help RIAs connect with top talent. RIA NextGen Career Exchange, for one, is a free online resource connecting RIAs and students seeking internships and job opportunities.

Each year at National LINC, TD Ameritrade Institutional's annual advisor conference, the company invites dozens of college students and program advisors – and covers all travel expenses – enabling future planners to attend presentations, network with RIAs and meet other students. The LINC Scholar program celebrated its 10-year anniversary in February when 63 students and 30 program directors from 30 universities attended 2019 National LINC. Over those ten years, a total of 372 students from various schools nationwide attended LINC.

¹ TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.

About TD Ameritrade Institutional
TD Ameritrade Institutional empowers more than 7,000 independent registered investment advisors to transform the lives of their clients. It provides powerful technology and resources that help simplify running a business and let advisors spend more time doing what matters most — serving their clients. Through meaningful innovation, steadfast advocacy and unwavering service, TD Ameritrade Institutional supports RIAs as they build businesses that positively impact their clients and communities. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., member FINRA/SIPC, a brokerage subsidiary of TD Ameritrade Holding Corp.

About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more than 11 million client accounts totaling approximately $1.2 trillion in assets, and custodial services to more than 7,000 registered investment advisors. We are a leader in U.S. retail trading, executing an average of approximately 900,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting-edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade's newsroom at www.amtd.com, or read our stories at Fresh Accounts. Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org) / SIPC (www.SIPC.org)

Source: TD Ameritrade Holding Corporation

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