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Meet the women investors setting up next to Warren Buffett’s annual meeting

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For nearly 20 years, financial advisor and entrepreneur Laura Rittenhouse has attended the famed Berkshire Hathaway shareholders meeting known as Warren Buffett’s annual “Woodstock for capitalists.” As the author of a book that Buffett himself endorsed—and a friend of his—Rittenhouse was often invited to speak with investors at the conference. “I would go into a room and realize that in a room of 100-200 people,” she says, “I was one of count-them-on-one-hand women in the room.”

Women aren’t just missing from legacy conferences like the Berkshire Hathaway meeting. They’re vastly underrepresented across the $69 trillion asset management industry. According to a recent Knight Foundation study, women-owned and minority-owned investment companies account for about 8.6% of all asset management firms. (The study defines ownership as 25% or higher.) And when it comes to the assets managed by those women—which Rittenhouse and company are now referring to as AUFM, short for assets under female management—their value is about 1% of total assets under management. The study also found that diverse........

© Fast Company