STREAM Foundation

STREAM (StrengThening Race and Equity in Asset Management) Foundation's ultimate goal is to increase diverse representation in the asset management industry. To do that, we start by building a diverse pipeline of qualified talent and providing summer internships to underserved college students. This draws a larger applicant pool than small firms could with their recruitment efforts, creating a diverse pipeline for firms to utilize when hiring for internships. 

Once a student is selected for the program, they receive two years of Wall Street Prep, exclusive educational content, a mentor, a student liaison, minimum pay, and a housing stipend. After program completion, there are alum events and continuing career assistance; many of our alums return as volunteers, supporting our goal of building a community around diverse, talented professionals. Through STREAM's programming, we have served over 100 students and given more than $1,000,000 in compensation/scholarship money. Later this fall, STREAM will join with Greenwood Project, a non-profit that prepares talented underserved college students for high trajectory careers in financial services.  

By advancing underrepresented groups' access to and engagement within the asset management industry, we help establish generational wealth-building opportunities for marginalized groups. Lack of access and opportunity to wealth-building industries perpetuates generational cycles of poverty. Systemic racism contributes to a lack of access both educationally and professionally. Without representation, not only are minority students less likely to pursue a career in financial services, but they are also less likely to pursue management of their personal wealth.  

Above all else, our alumni have gained life-long career support and a community to champion their career aspirations. We feel confident that we have built a team of volunteers with diverse backgrounds and perspectives, in which we have drawn strength from our differences and heightened our abilities as counselors and advocates. Our continued commitment to building a workplace reflective of our world, creates competitive advantages and positive advancement of the asset management industry, one student at a time.

Don't take our word for it, listen to Ericka Drinker, a student at Paul Quinn College and STREAM 2024 Scholar share about her experience with STREAM: