In a special tribute to Veterans Day, Seth Rosenthal and Chance Mims, co-founders of Academy Asset Management, recently celebrated their commitment to military veterans by ringing the closing bell at the New York Stock Exchange. This moment was not only significant for them but also emblematic of their mission to mentor, hire, and train veterans for success in the investment industry.
The experience of ringing the bell was described by both Rosenthal and Mims as “magical and incredible,” a sentiment that was amplified by the presence of military veterans celebrating this important day. Rosenthal emphasized the unique honor of being there on Veterans Day, stating that it offered a remarkable opportunity to recognize and celebrate the sacrifices made by service members.
Academy Asset Management stands firm on its mission to employ veterans, with a remarkable 50% of its workforce consisting of military veterans. The core values of integrity, teamwork, and decision-making under pressure shape their approach to asset management, making veterans uniquely equipped to contribute to the finance sector. As Rosenthal noted, “The skills that veterans possess transition exceptionally well into the asset management industry.”
For veterans transitioning from military life to civilian careers, the journey can be daunting. Mims shared his own experience as a U.S. Navy veteran, recalling the challenges of translating military skills into a civilian resume. The common struggles among veterans often include confusion about how their experiences align with private sector demands. Academy Asset Management is committed to bridging this gap, helping veterans understand their unique skill sets, and instilling a culture similar to that of the military, which emphasizes teamwork and camaraderie.
Despite improvements in veteran employment rates since their firm’s inception, challenges persist. Rosenthal noted that while unemployment rates for post-9/11 veterans have improved significantly, underemployment remains a critical issue. Many veterans possess skills that are underappreciated or misunderstood in the private sector, making it necessary for organizations like theirs to advocate for these talented individuals.
Their commitment is reflected not only in the success of Academy Asset Management but also in a broader effort to ensure that every veteran seeking employment receives guidance and support. “Every veteran that contacts us, we help them out,” Mims remarked. Their dedication exemplifies the growing recognition of the value veterans bring to various industries, particularly in finance and asset management.
On this Veterans Day, both Rosenthal and Mims encouraged the public to reflect on the sacrifices made by military members. “We’re here to be thankful for those that have raised their hands to defend our freedoms,” emphasized Rosenthal, highlighting the profound respect and gratitude owed to veterans worldwide. Academy Asset Management not only recognizes the contributions of veterans but also utilizes their skills to foster a beneficial work environment and improve corporate culture.
The story of Academy Asset Management is not just about financial returns; it’s about creating a lasting impact on the lives of those who have dedicated their lives to serving the country. In the intersection of finance and social responsibility, the firm stands as a beacon for sustainable investing aligned with the Sustainable Development Goals (SDGs). Through their mission, Rosenthal and Mimz showcase how impact investing and entrepreneurship can create meaningful change in both the finance industry and the lives of veterans.
The ringing of the closing bell at the New York Stock Exchange marked not just a ceremonial moment but a pivotal point in highlighting the importance of supporting our veterans in their transition to civilian life. Academy Asset Management continues to lead by example, fusing skill development with a deep respect for the sacrifices made by service members. Their journey reiterates that investing in people—especially veterans—yields dividends far beyond profit margins.