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Campus Notices

CWU One of Six Universities Awarded 2020 RIA NextGen Grant

Notice Type: 
Event Date: 
Wed, 07/22/2020

TD Ameritrade Institutional, a champion of registered investment advisors (RIAs) seeking to help the industry attract a new, more diverse generation of talent, named the recipients of its 2020 RIA NextGen Scholarship and Grants this week, with Central Washington University being one of six universities to receive the grant.


Now in its eighth year, the program aims to expand the pipeline of future financial planners joining the RIA industry and support the long-term sustainability of the financial planning profession.

TD Ameritrade Institutional awarded the RIA NextGen Grant to schools that have demonstrated a commitment to educate and train the future financial planners. For the first time, the number of grants was expanded to six schools, each receiving a $15,000 grant, increasing the number of schools with new or enhanced degree programs.

And as part of TD Ameritrade’s commitment to fostering diversity, a grant for the first time was earmarked to support the development of financial planning programs at a Historically Black College and University, Hispanic-Serving Institution or Minority-Serving Institution. The grant winners are:

Central Washington University 
Ellensburg, Wash.

Charleston Southern University 
Charleston, S.C.

Franklin University 
Columbus, Ohio

Rutgers University 
New Brunswick, N.J.

University of Illinois at Urbana-Champaign 
Urbana, Ill.

William Paterson University 
Paterson, N.J.


CWU will use the TD Ameritrade NextGen Grant to help the program meet the following three goals, which strengthen CWU's Personal Financial Planning (PFP) program and assist the overall PFP industry by graduating more highly qualified PFP students.

  • Increase the number of students enrolling in the program from 47 to 60 by fall 2021
  • Increase the number of women enrolled in the program from 19 to 30 by fall 2021
  • Increase the number of students of color enrolled in the program from 11 to 15 by fall 2021

“We’re pleased to offer scholarships to students who embody the bright future of our profession. Our industry together must do more to attract new talent to financial planning, a promising career path that’s never been more essential,” said Kate Healy, Managing Director of Generation Next at TD Ameritrade Institutional. “It’s equally important that firms offer opportunity to deserving candidates from outside traditional talent networks. With Black and Latinx planners representing less than 4 percent of CFPs, we have much more to do around raising awareness and building programs that can attract, support and develop professionals of color.”


Media Contacts
Joseph A. Giannone, Communications and Public Affairs, TD Ameritrade,


Robin Burck, University Advancement Communications, Central Washington University, 509-963-2846,


Source: TD Ameritrade Holding Corporation








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