Financial Services Nonprofit Innovation Brings New Opportunity To Impact Investors
Impact Shares is an innovative nonprofit financial firm that has created several exchange traded funds or ETFs that ordinary investors to easily purchase in their existing stock portfolios.
I am so excited about this opportunity I intend to add these to my personal investment portfolio. While my purchases will be small, I’ll wait a few days before I make my investments to avoid any suggestion of front-running–a serious Wall Street “no-no.”
The funds are designed to align with specific development goals. The mission of each fund is developed in partnership with a nonprofit working on that issue area.
Impact Shares has issued exchanged traded funds in collaboration with The NAACP Minority Empowerment ETF (Ticker: NACP), the YWCA Women’s Empowerment (Ticker: WOMN) and the United Nations Sustainable Development Goals (Ticker: SDGA).
Interview with Ethan Powell, the Founder of Impact Shares.
The following is the pre-interview with Ethan Powell. Be sure to watch the recorded interview above.
For-profit/Nonprofit: 501(c)3 Nonprofit
Revenue model: We are a nonprofit. Our funds are self-sustaining and represent another revenue stream for our collaborating social advocacy firms.
Scale: We have roughly $10mn under management and have received 1.5mn in grant assistance from the Rockefeller Foundation’s innovative finance group.
What is the problem you solve and how do you solve it?
Alignment of capital allocation with credible social investment strategies which elevate our collaborating social advocacy group’s brands as the ambassador’s of their issues to the private sector.
More about Impact Shares:
Impact Shares which is a 501(c)(3) SEC registered investment advisor and fund sponsor. We work with leading social advocacy organizations to launch investment products that encourage the private sector to align their investment practices with specific social outcomes:
YWCA Women’s Empowerment
NAACP Minority Empowerment
United Nations Sustainable Development Goals
This new approach aligns capital to cause while striving to track the broad equity market.
Ethan Powell’s bio:
Mr. Powell has spent over two decades in financial services, primarily in Hedge Fund and Private Equity. Most recently Ethan founded Impact Shares. Impact Shares is a collaboration of leading financial service and non-profit organizations providing single social issue ESG solutions. Impact Shares has issued exchanged traded funds in collaboration with The NAACP Minority Empowerment ETF (Ticker: NACP), the YWCA Women’s Empowerment (Ticker: WOMN) and the United Nations Sustainable Development Goals (Ticker: SDGA).
Additionally, Ethan serves as the Chairman of the board for a $4 billion mutual fund complex and is a finalist for 2016 mutual fund director of the year. Previously, Mr. Powell was the Chief of Product and Strategy at Highland Capital Management Fund Advisors, L.P. In this role he was responsible for evaluating and optimizing the registered product lineup offered by Highland Mr. Powell also served as the portfolio manager of the Highland ETFs and worked with other portfolio managers and wholesalers on the appropriate positioning of strategies in the market place.
Prior to joining Highland in April 2007, Mr. Powell spent most of his career with Ernst and Young providing audit and merger and acquisition services. Mr. Powell received an MS in Management Information Systems and a BS in Accounting from Texas A&M University. Mr. Powell has earned the right to use the Chartered Financial Analyst designation and is a licensed Certified Public Accountant.
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