Disparities in Asset Management

Research indicates a significant gap in asset management, with only 1.4% of assets being managed by minority-owned firms, despite minorities representing over 40% of the U.S. population. This disparity highlights critical issues within the financial industry, where representation does not reflect demographic realities. Calvin Butts Jr., co-founder of East Chop Capital, aims to change this landscape by increasing minority participation in asset management and investing. His efforts to raise awareness and educate potential investors are crucial for bridging this wealth gap.