The Langston Fellowship
The Texas McCombs Wealth Management Center is pleased to announce The John and Candace Langston Fellowship which will be awarded to high-achieving newly admitted students to the Wealth Management Program.
RESEARCH, TEACHING, AND INDUSTRY PARTNERSHIP
Texas McCombs’ capacity and national stature place it in a unique position to help evolve the Wealth Management industry and significantly contribute to students, employers, professionals, and faculty members. We connect researchers, teachers, and students with Wealth Management professionals to shape the industry's future and its leadership.
Charles Schwab Foundation
WEALTH LAB ON CAMPUSA generous gift from the Charles Schwab Foundation, in partnership with Schwab Advisor Services, supports the Charles Schwab Foundation Financial Planning Lab and the Charles Schwab Foundation Wealth Management Conference Room. Their gift helps build a pipeline of future talented leaders in wealth management and changes how the world invests in its financial future.
THE EVOLUTION OF WEALTH
The wealth management industry is rapidly evolving in response to changing demographics, technology, investment in innovation, and increasing demand for financial planning advice and services. An estimated 10,000 baby boomers turn 65 each day, and they face a $4.1 trillion "retirement gap." The demand for financial planning services is increasing, and the industry is evolving to fill this need.
The financial planning landscape is getting more complicated due to tax changes, regulation, asset complexity, and the demand for alternative asset classes. Registered investment advisors would like to hire students with both quantitative and "soft" interpersonal skills.
Demand for Research
There is a critical need for increased communication between academic researchers exploring wealth management solutions and industry professionals. Applying state-of-the-art academic research to such concerns could revolutionize the Wealth Management industry.
WEALTH MANAGEMENT CENTER AT McCOMBS
The Wealth Management Center educates students, builds partnerships with industry, leads academic and applied research, and facilitates community outreach. These four areas, housed within a top-ranked business school, bridge the academic community and industry partners and change how the world invests in its financial future.
This center functions around four pillars:
- Undergraduate Minor in Wealth Management
- Student Mentoring
- Career Support
- Student Club
- Certificate Program
- Wealth Management Network
- Advisory Board
- Speaker Exchange Network
- Single Family Office (SFO) Collaboration
- Community Education Forums
- Industry Open House
- Financial Literacy for targeted affiliated industries
- Financial Literacy Workshop in McCombs High School Camps
- Focus on Wealth Management and Household Finance
- Data sharing to advance research and insights in the industry
- Production of applied “white” papers bearing Company and McCombs names
TEXAS TAKES A STANDAccording to RIA Intel, “by 2023, the US wealth management industry is projected to lose a greater percentage of its workforce than the beleaguered coal mining industry, a dwindling part of the American economy.” Here is the story of how a UT alumnus and the University are coming to the rescue.
EXPLORE A WEALTH MANAGEMENT CAREER
Wealth managers are needed now more than ever. Coursework in the Wealth Management Program will help you prepare for a financially rewarding career, with excellent work/life balance and the credentials to move up.