A sincere thank you to all the friends who helped support the founding of Keene Advisors in July 2015. We are off to a great start thanks to the trust, support and advice that you have given us this year and we are extremely grateful. Best wishes to all of you for a very happy and successful 2016!
We started Keene Advisors to provide clients with outstanding strategic and financial advice at a compelling value, and to be catalysts for positive, lasting change in the world.
We wanted to build a company that was committed to delivering a superior value proposition to clients, which to us means better service at a lower cost. And we sought to leverage our success and make a difference in the world by investing a meaningful portion of our profits in charitable organizations in our local communities and around the globe.
We saw three big trends that created the perfect storm of opportunity for a small firm with a big heart to transform the investment banking industry.
- Investment banking was undergoing significant change. Three of the largest investment banks collapsed during the Great Recession. There was a mass exodus of senior bankers from established firms. A wave of new firms was formed. And talented young people were losing interest in investment banking.
- Technology was disrupting service businesses. Technology was transforming service industries by enabling new market entrants to provide new and better services to clients at a lower cost. Established competitors in the mergers and acquisitions advisory industry had not embraced technology in a meaningful way.
- The millennial population overtook baby boomers in the U.S. in 2015. Seventy-five percent of millennials want business to actively do more to help improve society. Purpose-driven companies are three times more likely to have engaged employees. And companies with engaged employees are more productive and grow faster.
From this vision Keene Advisors was born.
We realized that to compete as a small firm in a highly competitive industry we needed to offer clients something unique. So we developed a technology platform that enables us to provide high quality, consistent advice and execution; reduce or eliminate non-value added costs; significantly lower our service delivery costs; and pass along the cost savings to our clients. We believe that our combination of high quality, consistent advice and execution at a low cost is unique in our industry. And we believe that our strong values and desire to be catalysts for positive and lasting change allow us to attract and retain incredibly talented and highly engaged employees that deliver better service to our clients.
In keeping with our vision and purpose, our team met in November to decide how to allocate our profits for 2015. Everyone gets an equal vote in determining how our profits are allocated every year. In 2015, we made investments in, and donated our time to, charitable organizations in the Boston area and around the globe that are having a positive, long-term impact on the world, including:
Our donations provided: 1,110 long-lasting insecticidal nets to protect nearly 2,000 people from malaria; food-based micronutrient fortification for one year to 809 people; food, clothes and critical supplies to child refugees of the Syrian conflict; funding to support sustainable water projects in developing countries; clothes and supplies to children in the Greater Boston area; and 450 meals to people in need in the Greater Boston area.
Thank you for your help supporting our efforts!
From your friends at Keene Advisors