Jay Lipman and Doug of Ethic: Find aspirational characters and pay if forward.
Ethic president Jay Lipman said his best career advice boils down to one crucial act: find mentors who will inspire you. That may not be someone you have worked with directly, but someone who strikes you as an “aspirational character.”
“People that you believe have led the path that you would like to live, and then try to understand how they achieve that — that may be a mentorship or relationship that you have with that individual, where you can ask them and get that relationship,” or they could be through books and admiring great leaders from afar and learning about their lives, he said.
Doug Scott, the chief executive of Ethic, said he’s tried to instill a culture of “paying it forward” at the company, where employees have a sense of helping others as they take on big challenges within the investing community.
“I think that’s something that we did in the early innings of Ethic, and tried to continue that spirit throughout, because I think it does create that bond as well — beyond the sort of traditional business interactions with folks,” he said.
Lipman and Scott formed Ethic, a New York-based asset-management technology startup that builds values-based investment products for firms and financial advisers, in 2015.