Investments
How it works
Performance
Education
About
Investments
How it works
Performance
Education
About
Help center
Help center

Crain’s New York Business names Yieldstreet founder to list of diverse leaders

March 28, 2022 • 3 min read
Crain’s New York Business names Yieldstreet founder to list of diverse leaders
Share on facebookShare on TwitterShare on Linkedin

Key takeaways

  • Yieldstreet CEO Milind Mehere is among 52 executives included on a first-of-its-kind list honoring diverse leaders in banking and finance.
  • Honorees were chosen after Crain’s New York Business consulted with the wider business community.
  • New York regulations require firms with more than $100 million in assets to report the gender, racial and ethnic composition of their leadership.

Yieldstreet co-founder and CEO Milind Mehere is among the 52 executives included on Crain’s New York Business’ first list of Notable Diverse Leaders in Banking and Finance.  “Each honoree is a key player in initiatives to modernize the industry”, Crain’s said in a statement announcing the list.

“I am very honored to be included on Crain’s list of diverse leaders in banking and finance. What Crain’s is doing is really giving visibility and bringing forth a very important issue of diversity and inclusion on Wall Street,” Mehere said.

Crain’s consulted with trusted sources in the city’s business community to select its list of esteemed leaders.  The honorees were picked for their career accomplishments as well as their broader community involvement. 

Mehere is an award-winning entrepreneur with a track record of building large scalable businesses and creating new product categories. That includes co-founding Yodlee, the ad-tech platform for small and midsize businesses which employed 1400 people when it was successfully sold to Web.com.  Mehere then founded Yieldstreet, in 2015, with Michael Weisz, to change the way financial products are delivered to retail investors offering them access to opportunities that can help create wealth. 

“I’m extremely honored to lead a diverse and passionate team at Yieldstreet. I hope when people see that a person of color, a member of a minority is leading a unicorn fintech company, that they will feel inspired, that anything is possible,” Mehere said.

Crain’s created its list pointing out that despite years of plans to increase diversity at banks and financial firms, the lack of underrepresented groups including ethnic minorities and women, on boards and in management remains a major issue for the industry.

Mehere said, “As they say if you can’t measure it, you can’t change it. And so I applaud Crain’s for bringing this important discussion and issue to the forefront. And by publishing this list, there is going to be a focus on this issue that we can all discuss and take action on and continue to support more inclusion on Wall Street.”

The Committee for Better Banks recent report found Black and Latino employees had a less than 25% chance of being promoted or hired for a senior management position when compared to their peers who are white. A House Financial Services Committee Study in 2020, found 33% women represent 33% of the executive and senior-level workforce at financial institutions despite representing 51% of the population.

“With hard work, I feel that you will get the seat at the table, and with a little bit of luck, you will be able to realize your dreams,” Mehere said.

New York State’s Department of Financial Services requires banks and financial firms with more than $100 million in assets to provide data on the gender, racial and ethnic composition of their boards and senior management teams.  That data is expected to be released later this year. 

“So just like what Yieldstreet does, which is to democratize access to alternative investments. If you work hard, and really be passionate, you will be able to achieve your dreams and that’s what I want everyone to realize. Look at me as an example, that everything is possible and nothing is impossible,” Mehere said.

Learn more about the ways Yieldstreet can help diversify and grow your portfolio

Related Content

The copper lining of June’s CPI report
Market Insights

The copper lining of June’s CPI report

From oil to lumber to metals, commodity prices are tumbling. But amid rising inflation rates, that may just be a good thing.

2 years ago
ABS East Conference: 4 Takeaways From a Conversation with Michael Weisz and Fahd Basir 
General

ABS East Conference: 4 Takeaways From a Conversation with Michael Weisz and Fahd Basir 

Read takeaways from Yieldstreet president Michael Weisz & Managing Director of Capital Markets, Fahd Basir’s panel at ABS East in Miami.

2 years ago
Yieldstreet CEO Milind Mehere Joins Mitch Caplan at Greenwich Economic Forum:
General

Yieldstreet CEO Milind Mehere Joins Mitch Caplan at Greenwich Economic Forum:

Yieldstreet CEO Milind Mehere and Tarsadia Founder Mitch Caplan spoke at the Greenwich Economic Forum on the future of fintech.

2 years ago

Investors

Originators

Resources

Company

App StorePlay Store

We believe our 10 alternative asset classes, track record across 470+ investments, third party reviews, and history of innovation makes Yieldstreet “The leading platform for private market investing,” as compared to other private market investment platforms.

1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

3 "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

4 Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

5 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

6 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

7 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Alternative Income Fund before investing. The prospectus for the Yieldstreet Alternative Income Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetalternativeincomefund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

8 This tool is for informational purposes only. You should not construe any information provided here as investment advice or a recommendation, endorsement or solicitation to buy any securities offered on Yieldstreet. Yieldstreet is not a fiduciary by virtue of any person's use of or access to this tool. The information provided here is of a general nature and does not address the circumstances of any particular individual or entity. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of this information before making any decisions based on such information.

9 Statistics as of the most recent month end.

300 Park Avenue 15th Floor, New York, NY 10022

844-943-5378

No communication by YieldStreet Inc. or any of its affiliates (collectively, “Yieldstreet™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice, except for specific investment advice that may be provided by YieldStreet Management, LLC pursuant to a written advisory agreement between such entity and the recipient. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefore.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.

Articles or information from third-party media outside of this domain may discuss Yieldstreet or relate to information contained herein, but Yieldstreet does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by Yieldstreet of the linked or reproduced content.

Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and are willing and able to accept the high risks associated with private investments.

Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.

YieldStreet Inc. is the direct owner of Yieldstreet Management, LLC, which is an SEC-registered investment adviser that manages the Yieldstreet funds and provides investment advice to the Yieldstreet funds, and in certain cases, to retail investors. RealCadre LLC is also indirectly owned by Yieldstreet Inc. RealCadre LLC is a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Information on all FINRA registered broker-dealers can be found on FINRA’s BrokerCheck. Despite its affiliation with Yieldstreet Management, LLC, RealCadre LLC has no role in the investment advisory services received by YieldStreet clients or the management or distribution of the Yieldstreet funds or other securities offered on our through Yieldstreet and its personnel. RealCadre LLC does not solicit, sell, recommend, or place interests in the Yieldstreet funds.

Yieldstreet is not a bank. Certain services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”) as well as certain third-party financial services partners. Synapse is not a bank and is not affiliated with Yieldstreet. Bank accounts are established by Evolve Bank & Trust. Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. By participating in a Synapse cash management program, you acknowledge receipt of and accept Synapse’s Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library.

Investment advisory services are only provided to clients of YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission, pursuant to a written advisory agreement.

Our site uses a third party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

Read full disclosure
Copyright © 2024 YieldStreet, Inc.
Privacy Policy

Website Data Collection Preferences

Data SecurityResponsible Disclosure PolicyAccessibilityTerms of UseForm ADV Disclosure BrochureForm CRS