WASHINGTON - Howard University students in the School of Business will take learning and skills in wealth management to a new level through a generous gift from Schwab Advisor Services in partnership with the Charles Schwab Foundation. The donation will be used to strengthen Howard’s existing wealth management program, adding focus on the registered investment adviser (RIA) industry and a certified financial planner (CFP) curriculum.
“As the wealth management industry grows exponentially, professionals in these areas need to be prepared to take on this pivotal change. We are thankful for the generosity of the Charles Schwab Foundation gift, which allows Howard business students to take full advantage of widespread exposure in RIA fields through connections with industry leaders, lectures and student-focused events,” said Anthony Wilbon, Ph.D., dean of Howard University School of Business.
Funds also will be used to develop a certified financial planner (CFP) curriculum in which students benefit from Summer internships, networking with industry leaders, renovation of the laboratory with state-of-the-art technology and expansion of the infrastructure of the wealth management program. Part of the wealth management program includes preparation for gaining a CFP certification, considered a standard of excellence in the financial planning industry.
“I am very excited to begin this journey with Charles Schwab Foundation! We will work together to demystify the many benefits that financial planners and advisers can bring to one’s financial management especially with Howard students in those roles,” said Denise W. Streeter, Ph.D., CPA, chairperson, Department of Accounting. “Ultimately, the goal is to close the wealth gap in the United States,” she added.
“We are thrilled to be partnering with such a prestigious institution to connect students to opportunities in one of the fastest growing segments of financial services,” said Bernie Clark, head of Schwab Advisor Services. “Working together through the University Grant Program we will generate increased awareness and access to the profession, while cultivating a more inclusive industry with diverse, forward-thinking perspectives.”
A critical aspect of the wealth management program at Howard is its focus within the HPS Center for Financial Excellence. Here, students experience hands-on training that prepares them for careers in finance. Through the center, students engage with professors and industry professionals as well as participate in experiential learning, workshops, presentations and webinars. Support from the Schwab Foundation will ensure that students continue to benefit from the innovative programming.
About Howard University
Founded in 1867, Howard University is a private, research university that is comprised of 14 schools and colleges. Students pursue more than 140 programs of study leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced one Schwarzman Scholar, three Marshall Scholars, four Rhodes Scholars, 12 Truman Scholars, 25 Pickering Fellows and more than 165 Fulbright recipients. Howard also produces more on-campus African American Ph.D. recipients than any other university in the United States. For more information on Howard University, visit www.howard.edu.