Building Projects | Development Office

Dedication of Schwab Technology Complex

Texas Tech University College of Human Sciences has opened the new Charles Schwab Personal Financial Planning Technology Complex, which contains the largest collection of professional software in any collegiate financial planning program in the United States, on the Lubbock, Texas, campus. The facility houses a technology classroom, technology work lab, and resource workspace that will be used by more than 300 undergraduate and graduate students in the university’s Division of Personal Financial Planning.

In October 2007, Charles Schwab Foundation made a $1 million pledge to the Division of Personal Financial Planning at Texas Tech University. The pledge was used to build the Charles Schwab Personal Financial Planning Technology Complex and fund a research scholar who will conduct original research which will initially result in a Financial Planning Job Analysis Study to be released later this year. The pledge was part of a program of activities celebrating Schwab’s twentieth anniversary serving the independent investment advisory industry. Charles Schwab is a leading provider of custodial, operational and trading support for more than 5,500 independent investment advisory firms.

The new Schwab facility will give Texas Tech the opportunity to provide its students with a more robust Advanced Technology course that will give them hands-on experience with a variety of technological aspects of financial planning, including client portfolio management, reporting, and customer relationship management. To further support Texas Tech, Schwab has also made a donation of its PortfolioCenter® portfolio data management software to the facility. PortfolioCenter is being taught in the university’s Advanced Technology course.

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