Alexforbes announced the launch of a transformation policy that will prioritise the support of black women. Drawing on its latest Alexforbes Manager Watch report, it believes it’s time to accelerate the transformation process. The policy states that Alexforbes will support and identify start-up and emerging black asset managers. The company outlined the criteria on which it will focus regarding start-ups, asset managers and stockbrokers. In addition, it said it would allocate and direct 15% of its brokerage fees to black-owned stockbrokers within the first year. Within three years the allocation will increase to 30% and at least 40% within five years.
