Schwab Foundation supports new ASU Financial Access and Research Lab

The five-year gift will empower financial services industry changemakers through innovative tools and a state-of-the-art lab space.

TEMPE, Ariz. (June 14, 2023) — Schwab Advisor Services, in partnership with the Charles Schwab Foundation, is providing generous support in the launch of a new ASU W. P. Carey School of Business finance lab. The Charles Schwab Foundation Financial Access and Research (FAR) Lab will contribute to the W. P. Carey community through increased financial access and literacy tools, experiential learning opportunities for students, and timely and relevant information for student asset managers.

"We are honored to be partnering with Arizona State University to empower the next generation of changemakers in the financial services industry," said Bernie Clark, head of Schwab Advisor Services. "The University Grant Program will provide its students with the resources and experiences needed to succeed in their chosen profession and increase access to the industry."

The five-year gift includes support for outfitting a state-of-the-art lab space with access to innovative tools and subscription-based datasets. This immersive on-campus experience will allow W. P. Carey students and others in the ASU community to prepare for wide-ranging careers in finance — including banking, asset management, advisory, and corporate finance functions.

A devoted and well-equipped lab space deepens the opportunities available for students who arrive with an intent to pursue finance, as well as sparks interest for those without prior finance exposure, thereby enabling a better understanding of the opportunities available and skills required in the financial services sector across a diverse student body. Renovations for the space are scheduled to begin this fall, with a grand opening expected in fall 2024.

"The generous gift from our partners at Schwab is key in building an innovative and accessible finance lab for W. P. Carey students. This space will provide outstanding learning opportunities for our students while training them to meet organizational needs in financial services firms immediately upon graduation," says Ohad Kadan, Charles J. Robel Dean and W. P. Carey Distinguished Professor.

W. P. Carey has the No. 16 finance program for undergraduates in the country, as ranked by U.S. News & World Report. As of Spring 2023, more than 1,600 W. P. Carey students are majoring in finance and will directly benefit from the outcomes of this partnership.

About the W. P. Carey School of Business
The W. P. Carey School of Business at Arizona State University is the largest and one of the top-ranked business schools in the United States. The school is internationally regarded for its research productivity and distinguished faculty members. Students come from more than 100 countries, and W. P. Carey is represented by alumni in over 160 countries. Visit wpcarey.asu.edu.

For more information/media contact:
Shay Moser, W. P. Carey School of Business
shay.moser@asu.edu