Need Help With Networking

Hey guys I would really appreciate any help and advice here. I'm a college student pursuing a wealth management internship this summer. There's a firm I'm interested in with an application that's been open for 30+ days. I've found an alumnus currently working as an advisor, should I reach out to him through a cold email to try to help my chances with the internship? How should I frame the email and overall discussion? Should I send in my application before or after reaching out to him? 

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