At Strive, we firmly believe that the purpose of a for-profit corporation is to maximize value for its shareholders.
This principle has been the driving force behind American capitalism’s historical success and innovation. However, a notable shift is taking place as asset managers advocate for American companies to embrace stakeholder capitalism and attempt to redefine the purpose of a corporation. This shift could have a catastrophic impact on equity markets and your clients’ investment accounts.
Join Strive to learn more about the history of shareholder capitalism, stakeholder capitalism, and why understanding this difference is critical as a fiduciary to your clients.
Speaker:
Matt ColeChief Executive Officer and Chief Investment OfficerStrive
Matt is the Chief Executive Officer and Chief Investment Officer of Strive – the leading voice of shareholder primacy in the investment industry. With over $850M in AUM and $5B in assets under advisory in less than a year, Matt leads one of the fastest-growing asset management companies in the US. Matt oversees Strive’s investment philosophy, strategic positions, and product lineup. He is Head Portfolio Manager for Strive’s existing passive equity ETFs and Strive’s upcoming actively managed Fixed Income ETFs.
Prior to Strive, Matt was a Portfolio Manager at CalPERS, where he oversaw more than $70 billion in actively managed Fixed Income portfolios. During his 16 years at CalPERs, his portfolios were among the best performing in the investment industry and did not underperform their benchmark in any single year.
Strive Asset Management, LLC (“Strive”) is an investment adviser registered with the Securities and Exchange Commission (“SEC”).
