Financial services-led charity to support veterans
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
The charity was established by former financial adviser Ian MacRitchie and his wife Marionne MacRitchie in 2007, and is known for its education and healthcare programs in Timor Leste.
The Emerge Foundation now has 46 supporting financial services companies, with the majority being major fund managers. Its supporters include firms such as Perpetual, Colonial First State, Franklin Templeton, GQG Partners, Schroders and Cboe.
Off the back of Anzac Day, the charity has partnered with the Australian Catholic University (ACU) through a scholarship program assisting veterans as they commence tertiary education.
Specifically, veterans or their immediate family members can attend a bridging course at ACU. The university first established its veteran transition program in 2020 and has seen 86 per cent go on to complete their tertiary studies.
“Each year close to 6,000 members of the Australian Defence Force leave the military, however the transition to civilian life can be a challenging endeavour for many, with high rates of unemployment and mental health challenges prevalent in this community,” MacRitchie said.
“We have partnered with the ACU to help create better opportunities for veterans through higher education.”
Since it was established in 2007, the Emerge Foundation has raised approximately $5 million for its initiatives in Timor Leste. This includes helping 1,214 teachers and 400 maternal childcare participants graduate with a university degree while also providing over 5,000 children with sporting participation.
Prior to creating the charity, MacRitchie founded IMR Financial Advisors in 1991 which was later acquired by wealth management group Stanford Brown in 2015.
AUTHOR
Jasmine Siljic
Recommended for you
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices.
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Add new comment