Corporate CPR Episode 61: The Impact of Financial Asset Management to Your Success

December 7, 2022

On today’s show, we discuss the impact of financial asset management to your success.

Devon Drew’s track record speaks for itself: As a senior executive at Vanguard he raised over $20 billion in assets for Vanguard’s proprietary ETFs and mutual funds within Texas.

When the world experienced the “George Floyd Moment,” Drew began to question his professional impact and got to work, collaborating with some of his fellow data and tech gurus, to create DFD Partners, a SaaS platform that is designed to allow diverse asset management firms effectively scale by leveraging data automation and machine learning.

Drew and his team have proved their concept, with already just under 100M raised and 70B in aggregate platform AUM. They are currently focused on helping small and diverse funds increase their AUM by 1 trillion by 2028.

Since launching the platform in Summer of 2022, DFD Partners is already amongst the fastest growing fintech companies this year. Within the past few months, they have been named One of the Top 10 Rising Fintech Companies by Future Proof and have sat on several panels, including the Keynote Panel at LG Innovation Summit alongside Meta, Google, Tesla and Amazon, and the Emerging Manager Panel at Tide Spark Conference, where the attendees made up over 400B worth of assets under management in the building. Drew himself has been interviewed by The Compound and Friends Podcast, ABC, California Business Journal and Bloomberg, and has been mentioned in numerous media outlets, including Business Wire, Financial Advisor, Citywire, International Business Times and Advisors Magazine.

Key Takeaways:

  • Asset managers are the individuals within a company that control the money for organizations. Organizations may be a significant shareholder in many influential companies.
  • Through investments, the organization has a tremendous influence in
    • Employees retiring with dignity
    • Public policy
  • ESG – Environmental Social Governance is a set of standards that socially conscious investors use to screen investments. Organizations will receive an ESG score depending on how they demonstrate a demonstrable impact on these three key areas.
  • As more organizations comply with ESG or impact investing, over time these companies will outperform the others.
  • Diversity in background, gender, asset class, and age of asset managers will drive differentiation in thought. In turn, you’ll find differentiation in returns.
  • An organization needs to have an investment policy statement that adheres to what the organization believes in. It should guide how the money should be managed.
  • The underlying block chain technology is going to be revolutionary when it comes to balancing the ledgers. Digital assets will need some more regulation to eliminate those that are not commercially viable. We are still in the beginning stages.
  • Over the next 20 years, you’ll see 68 trillion dollars from Gen X and Baby Boomers transition down to Millennials and Gen Z. Trust and communication are imperative to build into the next generations, or they will abandon asset managers and try to do it themselves, potentially making poor financial decisions.

Top Takeaways:

  • Have a long-term approach to investing.
  • When making financially life-altering decisions, seek the help of a financial professional.

Connect with Devon Drew:

Website:  https://dfd.ai

LinkedIn:   https://www.linkedin.com/company/dfd-partners/

Twitter: dfdpartners

Facebook: https://www.facebook.com/dfdpartners

Instagram: https://www.instagram.com/dfdpartners/

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