Historically Black Coppin State University in Baltimore has entered into a partnership with the investment firm Charles Schwab Advisors and the Charles Schwab Foundation that aims to increase diversity in the financial services industry. Currently, 76.3 percent of finance professionals are White, and 68.8 percent are men.
The initiative will establish registered financial programs for certified financial analysts or certified financial planners. The programs will provide faculty development and curriculum that will produce education pathways for students to explore careers in wealth management, establish a community-focused center, as well as create a minority registered investment advisor mentorship program.
“We are excited to develop this partnership with the Charles Schwab Foundation, and deeply appreciate their belief in our mission and vision to become a major player in the financial education and services landscape. As two, well-respected institutions, we look forward to a long-term partnership with Charles Schwab as we collaborate to diversify and improve the wealth gap in underrepresented communities,” said Anthony L. Jenkins, president of Coppin State University.
“The future of financial services is wholly dependent on young professionals entering the space and reflecting the diversity of tomorrow’s investors. We are grateful to join Coppin State University in its mission to help students explore careers in financial services, particularly the registered investment advisor industry, which is all about people serving people and their local communities,” said Bernie Clark, head of Schwab Advisor Services.