A press release entitled, "Academy Asset Management Announces Its Initial Cohort of Clients," tells us, "Academy Asset Management, an SEC registered investment adviser and certified disabled veteran-owned and operated business, is pleased to announce the initial cohort of clients supporting the first institutional veteran owned and operated asset manager. The firm is honored to announce Eli Lilly and Company, Paramount Global, and Comcast Corporation as new clients for Academy Asset Management." It continues, "The announcement is particularly meaningful on Veterans Day, as Academy's social mission is to mentor, hire, and train military Veterans for a career in asset management. Academy Asset Management is an affiliate of Academy Securities, a FINRA registered broker-dealer, certified disabled veteran-owned business, and Minority Business Enterprise (MBE). Both firms are committed to community impact and training opportunities for veterans, pairing the best Wall Street veterans with high-potential military veterans. Academy Securities is also the sole distributor of Academy Asset Management's offering." The release adds, "This initial cohort is a special group of companies that have long supported veterans. Lilly was founded by Colonel Eli Lilly, a veteran of the Civil War. Paramount Global has a lengthy history of telling the stories of veterans and the military as well as supporting veterans through the Paramount Veterans Network. Comcast was founded by Ralph Roberts, a World War II veteran, and is an award-winning military-inclusive workplace." CEO Chance Mims comments, "With the addition of these new clients, the firm will be able to reinvest in its social mission while helping our clients reach their investment goals. We are honored to have the support of such an amazing group of organizations as we continue building an authentic veteran owned and operated asset manager." The release adds, "Academy Asset Management has built a strong foundation to manage portfolios, being led by the Former Head of Bank Portfolio Management at Northern Trust, Seth Rosenthal. Mr. Rosenthal oversaw over $100 Billion in global fixed-income and money market assets across a range of duration and credit mandates and brought this expertise to Academy Asset Management as the firm's Chief Investment Officer. He was joined by Portfolio Manager and Army Veteran John Gilmore, previously of the Vanguard Group." Rosenthal tells us, "We would like to publicly recognize these companies for their partnership and willingness to plant the flag supporting our veteran social mission and commitment to being a first-class asset manager. Academy Asset Management is designed and built to be a leading competitor in the asset management space." For more on ESG and Veteran-Affiliated MMFs, see: "Morgan Stanley Names OFN Beneficiary of Impact Shares; ESG to Retail" (10/27/22), "ESG and Social MMF Update: Mischler News, Green Deposits, Reg Debate" (12/4/20), "Academy Launches Treasury MMFs" (10/22/20), "BlackRock to Launch Mischler Shares" (9/29/20), "Mischler Financial Joins "Impact" or Social Money Market Investing Wave" (12/5/19), "Academy Securities, JPMAM Launch First Veteran-Affiliated Money Fund" (5/16/19).

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