- Legislative Symposium
- Comment Letters, Testimonies and More
- MWBE Research
- Federal Pension Plan Initiative
- Emerging and Diverse Manager Forum
- Updates and Letters
NASP advocates for the inclusion of minority- and women-owned businesses (investment management, investment banking, brokerage, and other professional services) for business opportunities at the federal level, state public pension plans, corporate/private sector, foundations, and endowments. This creates increased competition, growth of small business, and other benefits such as:
- Small Business including minority and women owned businesses are the growth engine of the economy and consistently create more jobs than their larger counterparts.
- Minority- and women-owned firms proportionately employ and participate, greater than their size, in the urban economies of America’s cities. These same firms also invest in urban areas repositioning capital to enhance economic development and related job growth. Thus, when these firms grow, the wealth effect directly impacts the well being of minority families, improves their socioeconomic status and contributes to the economic development of urban communities.
In addition, research has shown that small and minority- and women-owned firms have outperformed many of their large counterparts. Please see below for links to research.
- Knight Foundation May 2017 report on the state of diversity in the asset management industry.
- Who Manages The Money? How foundations should help “democratize capital” A case study of the W.K. Kellogg Foundation By Thurman V. White, Jr. in cooperation with ABFE: A Philanthropic Partnership for Black Communities, September 2014
- FIS Group - Survival of the Nimble, April 2011
- Emerging Managers Hold their Edge Versus Elephants, Northern Trust Company - T. Crum, 2010
- Beckers, Stan and Greg Vaughan. “Small Is Beautiful – An attempt to quantify the comparative disadvantage of large asset managers.“ The Journal of Portfolio Management (Summer 2001): 9-17