CORRECTING and REPLACING Future Financial Planners Take Manhattan, Ring the Nasdaq Closing Bell to Promote RIA Career Track

TD Ameritrade Institutional Awards 4th Annual NextGen Financial Planning Scholarships & Grants, Addresses Looming Talent Gap in the RIA Industry TD Ameritrade Holding Corporation

NEW YORK--()--In the list of 2016 Scholarship and Grant Winners from the release dated July 20th, 2016, the fourth name in the first column should read Julia Buchholz (instead of Julie Buchholz).

The corrected release reads:


TD Ameritrade Institutional Awards 4th Annual NextGen Financial Planning Scholarships & Grants, Addresses Looming Talent Gap in the RIA Industry

They say if you can make it here, you can make it anywhere, which is why TD Ameritrade Institutional1 gathered financial planning undergraduates and university educators for a grand tour of New York, New York, culminating with the ringing of the Nasdaq closing market bell.

To encourage more students to pursue financial planning careers, TD Ameritrade awarded its fourth annual NextGen Financial Planning Scholarships to 12 students pursuing bachelor degrees in financial planning. Each student receives $5,000 in scholarships, including two awards for students from under-represented demographic groups, to help increase racial, ethnic and gender diversity in the RIA industry.

Also, a total of $75,000 of grants were awarded to two universities to foster financial planning education, the latest effort to encourage more schools to develop programs to educate future RIAs.

To celebrate their achievement, and help put a face on the future of financial planning, TD Ameritrade Institutional invited this year’s Scholarship and Grant winners for a tour of New York’s financial district and a visit to the Nasdaq Market Center, where winners will help ring the closing bell on July 20.

The New York event is part of a larger effort at TD Ameritrade to get more students and universities excited about the financial planning profession and to build a pipeline of future registered investment advisors (“’RIAs”) prepared to sustain the industry for decades to come.

“The RIA industry has seen steady growth over the past 30 years2 serving boomers, but now we need to attract young clients and new talent to mirror the changing makeup of the U.S. market,” said Tom Nally, president, TD Ameritrade Institutional. “With these scholarships and grants, we hope to put more students on a financial planning career path and help RIAs get ready to serve the next generation of investors.”

The 2016 Scholarship and Grant Winners are:


Albert Appouh

Alexandra de Gravelle

Scott McGehee

Rutgers University

Louisiana State University

Kansas State University


Gerika Ballard

Brittany Frampton

Brian Miller

Utah Valley University

Utah Valley University

Utah Valley University


Marlen Breve

Blane Heisler

Tiffany Peterson

Louisiana State University

Olivet College

Utah Valley University


Julia Buchholz

Megan Manno

Chauncey Thomas

University of Illinois

Louisiana State University

Florida State University


Grant Winners

TD Ameritrade Institutional also encourages more colleges and universities to expand or enhance their financial planning degree programs, increasing the capacity of U.S. schools to educate and train more young professionals to join the RIA industry. This year, University of Houston received a $50,000 grant for an established program while Delaware State University received a $25,000 emerging program grant to help launch their program.

The RIA industry is facing a shortage of advisors, largely because the demand for fiduciary advice is growing: millions of baby boomers are getting set to retire, while younger investors in their prime earning years are building and inheriting trillions in wealth. At the same time, there aren’t enough young people entering the profession to replace the older advisors who dominate the ranks of the RIA business and are themselves reaching retirement age.2

As a result, jobs for personal financial advisors are expected to grow by 30 percent by 2024, more than four times the 7 percent growth rate for all occupations, according to the Bureau of Labor Statistics.3

Scholarships and grants are among many programs within TD Ameritrade Institutional’s broader NextGen Initiative, intended to help fill the RIA industry’s pipeline with diverse and talented individuals willing to lead the RIA industry in the future and who will continue the important work of caring for investors and their families.

For more information about TD Ameritrade Institutional, visit Learn more about NextGen Scholarships & Grants by clicking here or emailing

About TD Ameritrade Institutional
TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 5,000 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.

About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors turn to TD Ameritrade’s (Nasdaq: AMTD) technology, people and education to make investing and trading easier to understand and do. Online or over the phone, in a branch or with an independent RIA, first-timer or sophisticated trader, our clients want to take control and we help them decide how: We’ve been bringing Wall Street to Main Street for more than 40 years. An official sponsor of the 2016 U.S. Olympic Team, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade’s newsroom or for more information.

Brokerage services provided by TD Ameritrade, Inc., member FINRA / SIPC

1 TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation
2 Cerulli Associates, The Cerulli Report, Advisor Metrics 2015: Anticipating the Advisor Landscape in 2020 (Subscription required)
3 Bureau of Labor Statistics, Occupational Outlook Handbook, December 2015,

Source: TD Ameritrade Holding Corporation


TD Ameritrade
Joseph Giannone, 201-369-8705

Release Summary

TD Ameritrade Institutional announces its 2016 NextGen Financial Planning Scholarship & Grant winners to encourage more students to pursue careers as RIAs and help schools expand degree programs.




TD Ameritrade
Joseph Giannone, 201-369-8705