Charles Schwab and Texas Tech University Name First Schwab Research Scholar and Unveil New Schwab Technology Complex.Schwab Research Scholar to Conduct Study to Identify Necessary Skills for Entry-Level Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Positions SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden & LUBBOCK, Texas “Lubbock” redirects here. For other uses, see Lubbock (disambiguation). Lubbock is the 10th-largest city in the state of Texas.[1] Located in the northwestern part of the state—a region known historically as the Llano Estacado -- Charles Schwab Charles Schwab can refer to:
Both the research fellowship and the new technology complex are funded by a $1 million grant pledged to the Division of Personal Financial Planning at Texas Tech University by Charles Schwab Foundation last October on behalf of Schwab Institutional. "As the independent advisor industry continues to experience growth, the need for firms to find more talented workers and make the most of technology will grow as well," said Kelli Cruz, director of advisor practice management at Schwab Institutional. "Both the Schwab Research Scholar program and the new Schwab Technology Complex are tangible examples of our commitment to investing in the future of the independent advisor industry." Job Analysis Study for Entry-Level Financial Planning Positions As the Schwab Research Scholar, Winchester is conducting a job analysis study that will identify what employers in the industry expect from the next generation entering the workforce. The study will pinpoint topics employers expect financial planning majors to have studied, rank employers' importance of these topics, and examine competence level in each topic employers expect of incoming entry-level employees. Study topics will range from client service and portfolio management to practice management and technology capabilities. The national longitudinal study longitudinal study a chronological study in epidemiology which attempts to establish a relationship between an antecedent cause and a subsequent effect. See also cohort study. is designed to help academic institutions develop curriculums that will more effectively educate students studying to enter the financial planning industry. The first set of findings is expected to be released in Fall 2008. The research will be conducted through surveys of individuals responsible for hiring decisions within financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, and the survey will be developed with the assistance of professionals who make hiring decisions in the area of personal financial planning. "Given the increasing demand for talent in the financial planning industry, it is important for entry-level employees to hit the ground running when they join a firm," said Winchester. "The research I am conducting should increase the competitiveness of graduates from financial planning programs by indentifying what competencies employers want in the next generation of employees." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Deena Katz Deena B. Katz (Born February 12, 1950[1]) is an American Certified Financial Planner, author, and president of the Miami, FL investment firm Evensky & Katz. She also serves as a Practitioner in Residence at Texas Tech University. , associate professor of personal financial planning at Texas Tech University, "This study will serve to bridge the gap between the classroom and the real world. It will enable us to incorporate the knowledge and skills that today's financial services firms demand into the classroom." Schwab Technology Complex The Schwab Technology Complex, set to open in Fall 2008, is expected to contain the largest collection of professional software in any collegiate financial planning program in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The facility will house a technology classroom, a technology work lab, and resource workspace that will be used by undergraduate and graduate students in the university's Division of Personal Financial Planning. The facility will give Texas Tech the opportunity to provide students with a more robust Advanced Technology course that will give them hands-on experience with a variety of technological aspects of financial planning, including client portfolio management, reporting and customer relationship management. To further support Texas Tech, Schwab will also make a donation of its PortfolioCenter portfolio data management software to the facility. The Schwab Technology Complex also will support Texas Tech's existing Student Managed Portfolio program that allows students to manage actual dollars and get real-world experience in the area of money management, as well as its "Red to Black" program where students in the financial planning program provide free financial counseling and planning services to both students and families in the community. Winchester is currently a doctoral student in the Personal Financial Planning Division at Texas Tech University. She earned both an M.B.A. in 2002 and a B.S. in International Business from the University of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. in 1996. From 2002 to 2007, she taught in the Department of Business Education at North Carolina A&T State University. Winchester is expected to complete her studies in 2009 and plans to return to North Carolina to teach at an institution of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. . Texas Tech University is not affiliated with or an employee of The Charles Schwab Corporation. About Schwab Institutional Schwab Institutional is a leading provider of custodial, operational and trading support for independent fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the advisors. Since 1987, Schwab Institutional has supported independent investment advisors by offering support and services to help grow their businesses and help their clients reach their financial goals. As of March 31, 2008, client assets custodied with Schwab Institutional stood at $569.7 billion. These assets, managed by the approximately 5,500 independent advisor firms Schwab Institutional currently serves, represent approximately one-third of total client assets custodied with The Charles Schwab Corporation. Schwab Institutional is a division of Charles Schwab & Co., Inc. About Charles Schwab Foundation Charles Schwab Foundation is a private, nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. created by The Charles Schwab Corporation. Its mission is to give back to the community by supporting employee-selected causes and fostering financial literacy through funding, involvement and expertise. Charles Schwab Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. ) nor its parent company The Charles Schwab Corporation. More information is available at www.aboutschwab.com/community. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW SCHW Silver Chitin Handwraps (Everquest gaming) ) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million corporate retirement plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. , 318,000 banking accounts, and $1.4 trillion in client assets as of March 31, 2008. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank (member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) provides banking and mortgage services and products. More information is available at www.schwab.com. (0508-0668) |
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