The American College of Financial Services will establish a doctoral fellowship named for New York Life's Sy Sternberg and Fred Sievert, reports KCTV-5.
The American College of Financial Services today announced that Sy Sternberg, CLU®, retired Chairman of the Board and CEO of New York Life Insurance Company, and Fred Sievert, MSM, FSA, MAAA, the retired President of New York Life Insurance Company, have each donated $500,000 to The American College for a gift totaling $1 million to establish the Sy Sternberg and Fred Sievert Doctoral Fellowship. The gift will support select fellows advancing through the New York Life Doctoral Program in Financial and Retirement Planning at The American College.
"With thousands of Baby Boomers reaching retirement age every day, the need for literacy in planning for financial security during retirement has never been greater," said Mike Davidson, MSM, CLU®, CAP®, Acting President and Chief Executive Officer of The American College. "We are very thankful to Mr. Sternberg and Mr. Sievert for this generous gift, which will enable talented individuals to become thought leaders in the field by elevating their knowledge of retirement planning and financial decision-making and contributing to the research and theory behind those decisions….