Schwab Institutional, which provides custody and trading support for fee-based investment advisers, has pledged a donation of $300,000 over the next three years to the Financial Planning Association’s National Financial Planning Support Center.

Originally set up in the aftermath of the tragedies of September 11, the center now provides pro bono financial planning for low-income families and individuals, members of the military, victims of disasters and those who have either received credit counseling or declared bankruptcy.

"We are very pleased to be the first donor to support this important new endowment," said Schwab Institutional President Deborah McWhinney. "The FPA members who donate their time and expertise are providing an invaluable service to thousands of people, and through this contribution, we hope to enhance their efforts."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.