Kate Healy, Women’s Advocate and Marketing
Executive, Is Named Managing Director of Generation Next
TD Ameritrade Institutional1 became the first custodian to
create a full-time executive position dedicated to the
sustainability of independent registered investment advisors (RIAs)
when it named Kate Healy as Managing Director of Generation
Next.
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Kate Healy, managing director, Generation
Next for TD Ameritrade Institutional (center), and the 2017 TD
Ameritrade Institutional NextGen RIA Scholarship & Grant
winners (photo credit: Nasdaq)
In her new role, Kate Healy oversees TD Ameritrade
Institutional's industry-leading NextGen initiatives, including
scholarships, grants, a career exchange and an internship network,
all designed to help RIA firms bring younger and more diverse
talent into the business. Formerly the head of Institutional
Marketing, Healy will dedicate herself full-time to advocacy
efforts around Next Gen, women and diversity.
The new appointment reinforces TD Ameritrade’s long-standing
commitment to the vibrancy of the RIA model. As demand for
independent financial advice continues to grow, the RIA industry is
facing a significant talent shortage: roughly 110,000 advisors are
expected to retire over the next 10 years, a flood of departures
offset by only a trickle of new talent.2 Overall, personal
financial advisor jobs are expected to increase 30 percent by 2024,
more than four times the average growth rate for all
occupations.3
"We're in the midst of a historic wealth transfer to a younger,
more diverse generation and at the same time our industry is
approaching a shortage of advisors. We as an industry need to work
together, right away, and find ways to close that gap," said Tom
Nally, president of TD Ameritrade Institutional. "Kate is
well-regarded as a tireless advocate for women and young
professionals, crisscrossing the country to raise awareness and
create opportunities. I can think of no better person to help RIAs
build a bridge to the next generation."
Bright Future
TD Ameritrade Institutional is an industry leader in developing
programs designed to raise awareness of the outstanding career
prospects in financial planning and in encouraging more
universities to expand their degree programs.
Today the firm awarded its 5th annual NextGen RIA Scholarships
of $5,000 each to 12 students pursuing bachelor's degrees in
financial planning. Two of these awards were for students from
under-represented demographic groups to help increase racial,
ethnic and gender diversity in the RIA industry. Over a period of
ten years, TD Ameritrade has committed to investing more than $4.5
million through scholarships, grants and other education
programs.
TD Ameritrade also awarded grants totaling $75,000 to two
universities, as part of its effort to encourage more schools to
develop or enhance their financial planning degree programs, and
help increase the ranks of graduates joining the RIA industry.
To celebrate their achievement and help put a face on the future
of financial planning, TD Ameritrade Institutional invited the
Scholarship and Grant winners to New York for a tour of the
Financial District and a visit to Nasdaq MarketSite in Times
Square, where winners helped ring the Closing Bell on July 18.
Making Connections
Healy challenged the scholarship winners to seize the
opportunity that lies before them, emphasizing the great demand for
young financial planners and offering practical steps they can take
to improve their own job prospects.
"There will be more retirement parties than graduation parties
in the RIA industry over the next few years," said Healy. "We
encourage aspiring financial planners to stay engaged with their
schools and their program directors, because that’s where most
independent advisors go when they’re looking for young talent."
In fact, TD Ameritrade Institutional’s latest RIA survey shows
that independent advisors need some help connecting with college
financial planning programs and building a pipeline for future
talent. Just one third of RIAs hire interns, but the majority of
those who do find their interns either through their local colleges
or via word of mouth.
Meet the Winners
The 2017 RIA NextGen Scholarship winners are:
Emilee Boyer Alec Broughton Calli
Case Meghan Hogan
Texas Tech University
Western Kentucky University
Utah Valley University
University of Georgia
Megan Kapala Nolan Keim Audrey Mitchell
Josh Pollard
Illinois State University
Kansas State University
University of Georgia
Utah Valley University
Caishalynne Richins August Snelbaker Zach
Tekamp Adam Wilkins
Utah Valley University
Western Kentucky University
Virginia Polytechnic Institute
Alfred State University (SUNY)
There also two RIA NextGen Grant winners. This year,
California State University - Fullerton received a $50,000
grant for its established program, while Prairie View A & M
University received a $25,000 emerging program grant to help
launch its emerging program.
For more information about TD Ameritrade Institutional’s NextGen
RIA Scholarships & Grants, click here or email
ScholarshipsatTDA@tdameritrade.com. You can also follow Healy – the
AdvoKate – on Twitter @KateHealy_TDA.
About TD Ameritrade InstitutionalTD 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 CorporationMillions of
investors and independent registered investment advisors turn to TD
Ameritrade’s (NASDAQ: AMTD) technology, people and education
resources to help make investing and trading easier. 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 - bringing Wall Street to Main Street for more than
40 years. TD Ameritrade has time and again been recognized as a
leader in investment services. Visit TD Ameritrade's newsroom or
amtd.com 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 Corporation2
Cerulli Associates, Advisor Metrics 20163 Bureau of Labor
Statistics, Department of Labor, Occupational Outlook Handbook,
2016-17 Edition
Source: TD Ameritrade Holding Corporation
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170718006314/en/
TD Ameritrade Holding CorporationJoseph A. Giannone,
201-369-8705Communications + Public AffairsE:
Joseph.Giannone@tdameritrade.com
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