UM College of Business Students Receive Returns From D.A. Davidson Student Investment Program
Oct. 13, 2020
MISSOULA - Students from the University of Montana College of Business received over $4,000 from D.A. Davidson for their success in the firm’s Student Investment Program, which provides teams at 20 universities with $50,000 to invest in the stock market.
The investment program is designed to provide a hands-on experience in finance, stock research, portfolio management, and investment topics. For many students it’s their first experience investing real money, and the program lets them manage a diversified investment portfolio under the guidance of a financial advisor and the class professor for a semester.
At UM, students analyze and discuss investment opportunities and implement their decisions as part of the College of Business’ “$50,000 Portfolio” course, taught by Brad Cederberg, a 2006 College of Business graduate and vice president and financial advisor at D.A. Davidson in Missoula. Not only do students learn the skills and techniques of investing, the course also encourages collaboration, teamwork and communication among students.
The top-performing teams receive a check for their college, earning half of any portfolio gains above five percent. This year, UM finished in the top-12, earning $4,217 for its student-run portfolio performance. In 2017, UM won the Fred Dickson Memorial Award for having the top earning program. Five UM College of Business students were then invited to attend the Davidson Institute.
Montana-based D.A. Davidson provides $1 million each year for its investment program across 20 participating western and midwestern colleges. The company absorbs any losses on the student-run portfolios. Over the past 26 years, and including this year’s record total scheduled payment of $114,185, D.A. Davidson has shared $742,354 with participating programs.
The Student Investment Program was started by UM alum Ian B. Davidson. He started the program in 1985 at a lone university, but quickly expanded the program to include many throughout the state and region. Considered highly innovative at conception, the program has proved invaluable for students considering careers in finance.
The University of Montana is the flagship university of the state. The College of Business at UM is nationally renowned and has been named the top business school in the Big Sky Conference by U.S. News and World Report for five consecutive years.