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Ramaswamy is moving his Columbus investment advisory business to Dallas

Vaseline November 6, 2024

Former Republican presidential candidate Vivek Ramaswamy is moving his financial services firm from Columbus to Dallas.

A native of Cincinnati, Ramaswamy founded Strive Asset Management in 2022 based on the premise that many of the country’s largest asset managers were more concerned about progressive issues than performance when it comes to where they invest.

“When Strive launched in 2022, almost every major company bowed the knee to (environmental, social and governance investments),” Ramaswamy said in a statement announcing the move last week. “Just two years later, the national environment has changed dramatically, thanks in no small part to Strive’s efforts.”

The statement did not specify whether Ramaswamy plans to personally move to Texas as well. A message seeking comment on Ramaswamy’s personal plans was not immediately returned.

The company already has $1.7 billion under management.

Ramaswamy has become a popular figure in conservative circles and has written several books, including “Woke, Inc.: Inside Corporate America’s Social Justice Scam.”

He announced his run for president in February 2023, but dropped out after the Iowa Caucuses when he finished fourth.

Strive alleges that Blackrock, Vanguard and State Street use client money to advance ideologies some people don’t like, such as fighting climate change and ensuring the representation of women and minorities on corporate boards.

As part of the move to Dallas, Ramaswamy’s company is launching an asset management business that, among other things, integrates Bitcoin into portfolios.

The company expects most of its Columbus-based workforce to move to Dallas in the coming months.

“Ohio was the perfect place for Strive to launch its business and we couldn’t be more grateful for the partnerships we’ve built here over the past two years,” Strive CEO Matt Cole said in a statement. “From a business perspective, Texas was the right decision for Strive’s headquarters, but we will of course continue to serve our customers in Ohio and offer them the opportunity to invest in our unapologetically pro-shareholder company.”

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@BizMarkWilliams