John Coyne, Vice Chairman
“The investment advice profession has a long way to go in reflecting the diversity of America,” so says Elizabeth MacBride in her recent InvestmentNews feature, “A Diversity Problem”—and she’s not wrong. The financial services industry, as a whole, has too often trailed other professions in terms of diversity among the workforce; but, that’s not to say nothing is being done to address it.
At the Money Management Institute (MMI), the national association for the investment advisory solutions industry, we have cultivated a program that purposefully addresses this issue head-on.
The Gateway to Leadership program was established in 2007 and is designed to introduce qualified minority students to the investment advisory solutions business. Through the program, we place candidates from historically black colleges and universities (HBCUs) in paid summer internships with leading financial services firms and fellow MMI members.
Brinker Capital has been entrenched from the beginning of Gateway to Leadership as our founder Chuck Widger was one of the original architects of the program. I, too, am fortunate to serve as the chairman of this program and have been able to see many participating students come through the doors at Brinker Capital over the last nine years.
While the placement of 160 students across 31 HBCUs into 34 host firms is small in context to the larger issue, we are proud of the program’s growth, success and the enthusiasm to which it has been received by its participants.
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.