“Today’s youth must prepare not only for their future careers, but also for making smart investment decisions,” said Carol Lynde, president and chief operating officer of Bridgehouse Asset Managers, as it launched its fifth annual Bridgehouse Scholarship Program at BridgehouseScholarship.com on Monday.
The scholarship, which promotes understanding of investor behaviour, is open to young Canadians aged from 18- to 22. Ten qualified Canadian students who can demonstrate knowledge and insight of their investing personalities and risk tolerance will be awarded $2,000 scholarships towards post-secondary tuition.
To qualify for the scholarship, applicants must complete a short online quiz, based on the Know Your Client rule of financial investors; and write a 400- to 500-word essay explaining what they learned about their investing personality. Lynde stated that the BSP application process provides an interactive and potentially rewarding way for students to learn more about themselves and the world of investing. Participants learn which investor behaviour tendency describes them – including strategist, thrill seeker, analyst, and observer.
Submissions are accepted in English and French. The deadline for submissions is on June 15, 2016. Winners will be announced on August 15, 2016.
Since its launching in 2012, the BSP has been well received by Canadian students, with more than 13,000 submissions received and $60,000 in scholarships granted. The BSP initiative and the money personality quiz were originally developed in February 2010 to investigate the financial literacy of Canadians.