What You Have to Know
- The agency says it’s specializing in establishments providing CFP applications.
- The expanded choices, the agency mentioned, now embody an elevated presence on the campuses of accomplice colleges.
- Commonwealth says it would foster connections between college students and its affiliated advisors and help wants of affiliated corporations.
Commonwealth Monetary Community on Wednesday introduced the growth of its Expertise Trade Initiative to “join expert, work-ready college students from top-tier universities providing CFP applications with its affiliated advisors.”
Via the expanded initiative, Commonwealth mentioned it’s trying to “foster connections between college students and its affiliated advisors, domesticate relationships with next-gen expertise throughout the U.S., and help the wants of its affiliated corporations.”
“With a pointy concentrate on eliminating limitations within the student-to-advisor pipeline, we developed the Expertise Trade Initiative to construct strategic partnerships with higher-learning establishments and join college students and alumni with our advisors,” mentioned David Israel, vice chairman of subject outreach at Commonwealth.
The agency determined to concentrate on establishments particularly providing licensed monetary planner applications to “guarantee a excessive commonplace of applicant high quality,” Israel mentioned.
Commonwealth’s accomplice universities now embody Bentley College, Bryant College, Delaware State College, Temple College, Texas A&M, Texas Tech, Virginia Tech, the College of Akron and Utah Valley College.
“Via our pilot program with Bentley College final yr, Commonwealth supported connections that led to significant work alternatives for college kids within the Better Boston space,” Israel mentioned in an announcement.
“We’re dedicated to discovering an answer to the succession planning considerations the business faces. And we help our advisors and honor their legacies by making certain that their purchasers have entry to the subsequent technology of impartial recommendation from these with a vested curiosity of their long-term success,” he added.
As a result of a big proportion of Commonwealth advisors have the CFP designation — 43.2% — the necessities “encourage candidates to attach with candidates proper from the begin to discover frequent floor and construct belief,” the agency mentioned.