The new program will “help strengthen the pipeline of diverse talent for financial planning career pathways in J.P. Morgan Wealth Management and support the firm’s work to help close the racial wealth gap,” according to the firm and UNCF.
JPMWM has about 4,000 advisors, with about $630 billion assets under supervision, according to the firm.
“Partnerships like this make the path for students of color clearer, helping them achieve goals they might not otherwise be able to attain,” according to Dr. Michael L. Lomax, CEO and president of UNCF.
“We are thankful for the investment of J.P. Morgan Wealth Management and the company’s strong belief in changing the futures of those who have talent and drive — no matter who they are or where they come from,” Lomax said in the announcement. “All HBCUs and their students hope this partnership can be a model of success for others within the corporate giving community.”
The 11 eligible HBCUs are Alabama A&M University, Central State University, Clark Atlanta University, Delaware State University, Howard University, North Carolina A&T State University, Paul Quinn College, Prairie View A&M University, South Carolina State University, Tennessee State University and Winston-Salem State University.
Interested students must apply before June 24 at 11:59 p.m. EST, by going to UNCF.org/JPMWealthManagementScholarship. Scholarships will be awarded and administered by UNCF.