House B to be renamed in honor of Charles Schwab Foundation support

August 21st, 2018 Author: Cal Powell  |  706-542-3536  |  More about Cal
Contact: Patricia White  |  706-542-4946  | More about Patricia

Athens, Ga. – The College of Family and Consumer Sciences will rename one of its buildings the Charles Schwab Financial Planning Center in recognition of Charles Schwab Foundation’s generous financial support.

In partnership with Schwab Advisor Services, Charles Schwab Foundation has committed $575,000 on behalf of independent investment advisors toward a major interior renovation project within the college’s Financial Planning Research Center, or “House B,” that will provide world-class facilities for training the next generation of financial planning professionals.

The building, which most recently housed offices for financial planning faculty and graduate students as well as a conference room, was constructed in 1939. The name change was approved by the Board of Regents of the University System of Georgia at its meeting on May 15.

“We are excited about this new relationship with Schwab Advisor Services,” said Sheri Worthy, head of the department of financial planning, housing and consumer economics. “The renovation of the Financial Planning Research Center will enhance experiential learning and help us create real-life interactions for our students.”

In addition to the Charles Schwab Foundation grant, three independent advisory firms in Atlanta – SignatureFD, TrueWealth Management and Homrich Berg Wealth Management – have committed a total of $100,000 to the project.

“We are proud to work with University of Georgia to promote fiscal education and raise awareness of careers in financial planning on campus,” said Bernie Clark, executive vice president and head of Schwab Advisor Services. “We are also thrilled to be joined by three of our independent advisor clients in the effort to help develop the next generation of independent advisor talent.”

The renovation project, set to be completed in early 2019, will create three client meeting rooms with video and audio technology to record students conducting one-on-one and group sessions at off-campus locations; lab space for students to conduct self-observations; as well as additional office space for graduate students and faculty.

The renovation will triple the space currently available for a program that is growing in enrollment 25 percent each year.

In addition to the gift from Charles Schwab Foundation, the University of Georgia and the college have committed funds and additional private funds will complete the nearly $1 million investment in the program’s facilities.

The project is expected to be completed in early 2019.

The financial planning program within FACS is fully accredited by the CFP® Board and has been ranked as one of the top 10 programs in the country by Financial Planning Magazine.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at www.aboutschwab.com. Follow us on TwitterFacebookYouTube, and LinkedIn.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at www.aboutschwab.com/community. The Charles Schwab Foundation is classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. nor its parent company, The Charles Schwab Corporation. Charles Schwab Foundation and University of Georgia are independent of each other and are not affiliated entities.

Categories: College - GeneralGiving BackFinancial Planning, Housing and Consumer EconomicsResearchUndergraduateFinancial PlanningFinance
Tags: house b, history, financial planning, charles schwab


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