BrokerDealers That Do Dare To Be Different: Diversity & Inclusion

dean chamberlain blog update takes a different tact in this post and sends a salute to 6-pack leader Citigroup, along with interest-aligned boutique firms Mischler Financial Group and Williams Capital for a focus on something other than its trading PnL. The topic? Diversity & Inclusion. Sounds corny, sounds like a social program that merely meets the ‘check the box’ approach by those who know they have to seem good to get paid. But then again, because this platform connects with broker-dealers across the US, as well as throughout the rest of the free world in which capitalism reigns, the team at knows that the initiative highlighted here is nothing short of genuine.

Mischler Financial Group, the financial industry’s oldest minority firm owned and operated by Service-Disabled Veterans [and the securities industry’s only federally-certified SDVBE] along with Williams Capital, the industry’s leading African-American owned brokerdealer have taken great pride in playing a supporting role in the below Citigroup-produced video profiling the firm’s unqualified dedication to diversity and inclusion that Citi, one of the world’s largest banks and a Top 25 Fortune corporations maintains across their entire ecosystem.

A founder of Veterans On Wall Street (VOWS) along with Deutsche Bank and Goldman Sachs, as well as being “a lead book-runner” in multiple year-round initiatives to advance the support of many great causes, Citi is a true thought leader on the topic of D&I within the context of not only the financial services sector, but also within the framework of global corporation best practices.

citi progress makers april 10 citi video

The video below, which formally aired April 10 (also available on the Citi blog) is uniquely impactful thanks to the influential roles played by Citi leaders Kate Oddo, Director of Debt Capital Markets, Patrice Altongy Managing Director Fixed Income Capital Markets, Citigroup Global Markets Inc. and Karen Papazian, Director, Dealer Lending Operations, Toyota Financial Services. The presentation speaks volumes as to Citi’s D&I-driven relationship with Toyota Motors Inc. (NYSE:TM) wholly-owned subsidiary, Toyota Motor Credit Corporation (TMCC), one of the global capital markets’ most focused Issuers of securities, and indisputably, one of the corporate world’s most respected D&I practitioners.

The clip below, entitled “Wall Street Leaders Can Dare to be Different” profiles just one of many approaches on the part of Citi to further the importance of D&I initiatives, and represents a welcome and increasingly growing trend taking place across Wall Street.

Sharing the same philosophy that Citi is dedicated to, the leadership and team at Mischler Financial Group is unabashedly dedicated to the thesis that Diversity & Inclusion programs strike at the heart of corporate best practices. We believe that those who embrace the tenants of D&I are likely to be better for it in the eyes of their stakeholders , which necessarily include respective employees, the consumers and communities they serve, and the investors/shareholders who look to corporate leaders to always deliver better performance.

May 26 Post-IPO Quiet Period Expiry For Ares Management Opens A Cheap Window For A Solid Company; Underscoring Role of Underwriters

seekingalpha logo’s blog editor thanks Seeking Alpha for below extract; an independent analysis of alternative fund management firm Ares Management, which launched its initial public offering (IPO) on May 1. The analysis of this multi-strategy investment management platform was contributed by Don Dion, the owner and Chief Investment Officer of DRD Investments, LLC, based in Naples, FL. and Williamstown, MA., a family office focused on managing a long/short hedge fund, real estate assets and various other financial assets for the Dion family.


  • The Quiet period on underwriter research on ARES will come to an end on May 26th, 25 days after the firm’s May 1 IPO.
  • ARES has had a rocky start on the market post-IPO after pricing well below the expected range and continuing decline, despite strong underwriting, management, and revenues.
  • Given ARES’ strong fundamentals, we suggest investors consider buying into the company as share price could temporarily increase, following underwriter reports.

The SEC-enforced quiet period on underwriter research on Ares Management LP (ARES) will come to an end on May 26th, 25 days after the firm’s May 1 IPO.

The expiration of the quiet period will allow ARES’ IPO underwriters to publish research reports on the alternative asset manager, likely leading to at least a temporary increase in the price of ARES shares.

Strong Underwriting Could Lead To Flood of Positive Reports

The firm’s lengthy roster of underwriters, including BofA Merrill Lynch, J.P. Morgan Securities LLC, Barclays Capital Inc, BNY Mellon Capital Markets LLC, BMO Capital Markets Corp, Citigroup Global Markets Inc, Deutsche Bank Securities Inc, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co, Imperial Capital LLC, Houlihan Lokey Capital Inc, JMP Securities LLC, Mitsubishi UFJ Securities Inc, Keefe Bruyette & Woods Inc, Morgan Stanley & Co LLC, SMBC Nikko Securities America Inc, RBC Capital Markets LLC, SunTrust Robinson Humphrey Inc, Wells Fargo Securities LLC and UBS Investment Bank, will attempt to breathe life into the stock by unleashing a wave of positive research on ARES at the conclusion of the quiet period.

Correlation Between Underwriting and Share Price

Both the results of recent academic studies and our own research over the past two years have provided empirical evidence of a correlation between the reputation and quantity of IPO underwriters and a rise in share prices with the expiration of the quiet period; ARES’ impressive list of underwriters should prove an asset at the end of the quiet period.

Share prices usually begin to rise a few days in advance of the expiration as aggressive investors purchase shares in order to take advantage of the upcoming underwriter reports. These early buys generate an atmosphere of rising demand, causing a rise in the price of shares before the underwriters have had the opportunity to publish their reports.

Overview of ARES Business

ARES is an alternative asset management firm, offering a variety of investment strategies to its growing investor base.

About the Analyst Continue reading