Celebrating ‘Scholars in Financial Planning’

 award recipients 

Article

November 30, 2021  |  4 min read

By Kristine Carl, Senior Manager, Communications

Earlier this year, Schwab announced the launch of the Charles Schwab Foundation Scholars in Financial Planning, which provides a total of $3.5 million in endowed scholarships at seven public universities, as well as financial assistance and career opportunities to college students from under-resourced communities. 

Today Schwab is pleased to announce the inaugural scholarship recipients – students in financial planning programs at seven universities who have received one- and two-year scholarships of approximately $10,000 per year. These students exemplify a commitment to their academics and a drive to break down barriers and help people of all walks of life achieve financial freedom. As part of their scholarship award, recipients also receive mentorship, a FINRA Securities Industry Essentials (SIE) exam voucher, resume review and interview prep, and a guaranteed interview with the Schwab Intern Academy

Meet the recipients

Temple University

Chrystian Simmons

“People of color are underrepresented in financial planning just as they are in many other industries. It’s really easy to think a profession isn’t open to you when you don’t see people who look like you in it. As a financial planner, I hope people in the Black community will see me and think ‘If he can do that, I can, too.’” 

Virginia Tech

Manny Guillen

“I want every client to trust that I’m doing the best job possible to help them achieve their financial goals. When they achieve their goals, I achieve mine. I also want to help schools build awareness about the power of financial literacy and the role financial planning can play in people’s lives. No matter how much money you have, help from a financial planner can make all the difference in your life. Even if you have all the money in the world, you could easily go broke if you don’t know how to manage it.” 

University of Arizona

Gama Jimenez

“I see in my community that a lot of people aren’t paying attention to their personal finances. They need to learn these skills or at least be given the opportunities to learn them, and I can help.” 

Purdue University

Jennifer Handres

“I’ve always known that I want to have a business career and I want my work to make people’s lives better.  Financial planning offers a perfect balance between the analytical side of business that I love and the opportunity to impact people’s lives in a meaningful way.  I’ll help people improve their financial literacy and achieve their dreams.” 

Temple University

Jordan Parks

“Growing up, my parents always emphasized the importance of taking care of money but only up to a point – the lessons never went beyond saving. I know now that making good investments that grow your money plays a huge role in financial success. I wish I had learned more about this at a younger age, so I plan to teach these things to younger generations.” 

University of Akron

Max Nixon

“What I start, I put my all into, and I have always been about learning new things. In pursuing a financial planning degree, I aim to help people successfully manage their financial resources so they have more control over their own lives. I’m particularly interested in helping underrepresented communities.” 

Texas Tech University

Teal Powell-Mckinzie

“As a student of color studying in the financial planning field, the lack of diversity within the classrooms can be demotivating and even isolating. By having more people of color in the classroom, I feel it would be a more comfortable and inviting environment. This goes for the financial planning industry as well. The more people of color we see, the more motivating it can be for younger generations to participate.” 

Program details

The Charles Schwab Foundation Scholars in Financial Planning program  is one of the Board-approved diversity and inclusion efforts announced by the Schwab Executive Council last year. This endowment complements other scholarship programs for underrepresented communities, funded through Charles Schwab Foundation, including: 

  • A $500,000 contribution to fund scholarships at three Historically Black Colleges and Universities (HBCUs): Bethune-Cookman University, North Carolina Agriculture and Technical State University, and Prairie View A&M University. 

  • The RIA Talent Advantage Scholarship Program through Schwab Advisor Services, which aims to raise awareness of the independent investment advisory profession and provides $10,000 scholarships to twelve students, reserving half for students from underrepresented groups. 

More information about Schwab’s commitment to diversity is available on the firm’s Diversity & Inclusion website. 

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