With an aging advisor workforce, changing investor demographics and a perceived shortage of talent in the wealth management sector, Schwab is sponsoring a program aimed at getting young people interested in a career in financial services.

Texas Tech University is hosting a Financial Planning Academy in June, a program for high school students interested in learning about careers in financial planning and wealth management.

Supported by a grant from the Charles Schwab Foundation, the academy will take 100 students on the Texas Tech campus from June 12-17, 2016. It is designed to boost financial literacy, sharpen money management skills and foster early interest in careers as financial advisors.

Identifying and developing talent is critically important as the industry continues to expand, and advisors tap into the estimated $23 trillion in affluent assets currently outside the independent advice channel. Talent is one of the top three forces driving change among RIAs today, according to Schwab’s latest Independent Advisor Outlook Study.

“It is never too soon to start raising awareness of what a career as an independent investment advisor entails,” said Bernie Clark, executive vice president and head of Schwab Advisor Services. “More than ever before, developing a diverse talent pipeline, with a team who can ultimately become the next generation of leadership, is crucial to firms’ success.”

Curriculum for the academy will be created by Texas Tech personal financial planning professors Deena Katz and Chris Browning.