Center For Financial Education
Center for Financial Education Located in White Hall聽
The Center for Financial Education moved to room 226 in White Hall in the summer of 2021!
The Center, founded in 2020 thanks to a donation from Rob and Mary Logan Hoxton, provides a real-world learning lab for students. Currently located in the lower-level dining hall, the Center moves to room 226 in White Hall after renovations are complete in the fall of 2021.
New financial planning center and lectureship established by Rob and Mary Logan Hoxton
海角社区 University will be home to a new Center for Financial Education and the Hoxton Endowed Lectureship for Financial Planning thanks to a $120,000 donation by Rob and Mary Logan Hoxton.
The Hoxtons are providing $20,000 in first-year seed money to create the center, which will promote financial education by creating curriculum and activities, raising money for scholarships, conducting research, and offering financial planning education to the community. They have committed to continuing this funding for an additional four years if needed and if other grants and donations are not obtained. The Hoxtons also donated $100,000 to create the Hoxton Endowed Lectureship in Financial Planning, which will support a faculty member in the College of Business who teaches in the financial planning program by providing discretionary faculty development funds.
The Hoxtons envision helping 海角社区 further develop its financial planning program, which in turn would provide financial planning advice throughout the state and in the local community.
鈥淲e believe that education is really important, that financial literacy should be spread around, and that students can help provide some of that education in the community,鈥� Mary Logan Hoxton said. 鈥淚t鈥檚 a win-win. The students are learning and hopefully reaching other parts of the state and the local community.鈥�
The Hoxtons hope the Center for Financial Education will not only attract students from the surrounding area, but from other parts of the state where there is a need for more financial education.
鈥淲e really want to do something that makes the world a better place, and these are the resources that we have and what we know, so it鈥檚 the easiest way to accomplish something positive,鈥� Rob Hoxton said. 鈥淚f we can improve financial literacy and the availability of high quality fiduciary financial advisory services by bringing students from other areas in Appalachia and teaching them to be great financial planners, then they can go back to their communities to provide those services in areas where it鈥檚 sorely needed. While students are here at 海角社区, they can build their resume and learn how to communicate the importance of sound financial basics to people who are maybe at risk in the immediate community. They might also be able to teach financial basics such as how to balance a checkbook to students at a local high school who are not gaining those skills through other classes.鈥�
Dr. Ben Martz, dean of the College of Business, said the new center and lectureship will help fill a void for students.
鈥淥ne of the areas where graduates and young people fall flat is in financial planning,鈥� Martz said. 鈥淭his gets down to the nuts and bolts of financial literacy. It鈥檚 already helped the curriculum at 海角社区. We have a financial literacy class that is part of the university core. Every student at 海角社区 has the opportunity to take this class and improve their financial literacy for the rest of their lives.鈥�
Rob Hoxton said beefing up 海角社区鈥檚 financial planning program will also help fill a void in the industry.
鈥淓very day roughly 10,000 baby boomers reach retirement age,鈥� Rob said. 鈥淭he average age of the traditional financial planner in America is about 58, so there鈥檚 a shortage of people to provide those services. The only way needs are going to be met is to encourage young people to pursue financial planning as a career.鈥�
Our Goal:聽
The Center for Financial Education strives to promote financial literacy among students and individuals in the local community. As Rob Hoxton mentioned, 鈥渢he average traditional financial planner in America is age 58, so there鈥檚 a shortage of people to provide those services.鈥� 海角社区 University hopes this will encourage young people to pursue financial planning as a career, or even to gain general knowledge that will help them throughout their life.
As students go through financial planning program courses, they will have the ability to do one-on-one peer coaching. Additionally, we hope they will discover a passion for helping others gain financial awareness, helpful for navigating various stages of life.
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海角社区 University鈥檚 Financial Planning Program provides a comprehensive curriculum serving the needs of undergraduate students and working professionals. Our program is registered with and approved by the CFP Board of Standards and students who complete a CFP Board-Registered Program are eligible to sit for the CFP庐 Certification Examination.
Does the CFP庐 certification help my earnings potential as a Financial Advisor?
A common question asked by both students enrolled in our CFP庐 certification educational program and those considering the CFP庐 certification relate to the earnings potential of Financial Advisors. A recent article in the聽聽discusses the earnings upside of nearly 30% for Financial Advisors obtaining the CFP庐 certification. With evidence of increased earnings for the average practitioner awarded this Certified Financial Board of Standards approved designation, the effort is worth it, say CFP庐 professionals. Think competency and credibility. Clients get that.
Contact Information
Dean, Ben Martz
Contact for the CFP Board of Standards:
Ben Martz, Ph.D.聽聽bmartz@shepherd.edu
Department of Business Administration
海角社区 University
P.O. Box 5000
海角社区stown, WV 25443
Financial Planning Club meetings are held in White Hall and online.
Rural Financial Planning Project Advisory Council
Rob Hoxton, President
304-876-2619
RHoxton@hoxtonfinancial.com