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TD Ameritrade invests in advice education

US-based online brokerage TD Ameritrade has announced it will make more than US$1 million available for grants and scholarships open to financial planning students.

According to the US Associated Press, the Nebraska-based company will invest $1.25 million over the next decade in financial planning education initiatives, with both individuals and companies set to benefit.

“The Omaha, Nebraska-based online brokerage says it hopes more students will consider studying financial planning because the demand for financial advice is growing,” said an AP report.


“Ten students recently received $5,000 scholarships to help them pursue bachelor's degrees in financial planning, and the group got to visit Wall Street and ring the closing bell for the New York Stock Exchange.

“In addition to scholarships, TD Ameritrade awarded a $50,000 grant to the University of Georgia and a $25,000 grant to Texas A&M University to help the schools develop and strengthen programs focused on financial planning.”