Apple Invests With Women-Owned Adviser Starting Job Program
- Seelaus will create a new one-year job initiative for women
- Asset management fees from Apple investment will help program
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Apple Inc. is allocating a portion of cash to women-owned investment adviser Seelaus Asset Management, which will use fees from the investment to support a new one-year rotational job program for women.
Seelaus, which has more than $600 million in assets under management, will manage a portfolio for the iPhone maker, according to a statement Thursday. The fees from the asset management deal will help power the training program, according to Ben Seelaus, chief operating officer of R. Seelaus & Co. Inc., which owns Seelaus Asset Management.