UBR Spotlight: Eugene Profit’s Investment Company Lives Up To His Name

More on the entrepreneurs, business strategies and economic news featured on The Urban Business Roundtable

Profit Investments CEO Eugene Profit.

This week on The Urban Business Roundtable, Renita D. Young speaks with Eugene Profit, the founder and CEO of Profit Investments, an investment management firm based in Silver Spring, Maryland. Profit Investments, ranked No. 14 on the 2012 BE 100s Asset Managers list with $1.9 billion in assets under management, is one of the largest African-American owned money management firms in the country.

A former professional football player, Profit came to a turning point in his life when a career-ending injury forced him to retire from the National Football League, where he had played the cornerback position for teams including the New England Patriots and the Washington Redskins. Transitioning from the gridiron to Wall Street, Profit began a career in the financial services industry working as a financial consultant for Legg Mason.

In 1996, he founded his own company, Profit Investment Management, a firm which invests in large- and small- cap equities for institutional accounts and mutual fund investors. With diligence and focus, Profit led his enterprise from $300,ooo in assets under management to nearly $2 billion in assets today. Along the way, he has been featured as a prominent player in the financial industry by media outlets ranging from CNBC and CNN to the pages of BusinessWeek, Smart Money and Black Enterprise. Profit joins the roundtable to share his journey from professional athlete to founder of one of America’s most successful black-owned businesses.

Also, UBR Contributor Samantha Pass speaks with Hollywood executive and serial entrepreneur Arthur Wylie, author of Only The Crazy and Fearless Win Big!: The Surprising Secrets Success in Business and In Life (BenBella Books). An executive at Global Entertainment Holding’s Film Fund, Wylie also oversees his own wealth management group, specializing in helping companies through business planning.

Arthur Wylie

And finally, every week on UBR, you’ll hear Pepper Miller’s YOU-TURN segment, get motivation and inspiration from author and entrepreneurial icon Farrah Gray, a weekly wrap-up of business news from USA Today business correspondent Charisse Jones, our Patient Investor Report from Ariel Investments and key economic intelligence for small business owners from our UBR economists Derrick Collins and Rashid Carter.

Pepper Miller is the Founder and President of The Hunter Miller Group and the host of The Urban Business Roundtable, a weekly radio show, sponsored by Ariel Investments, airing CST Wednesdays at 8:30 a.m., Thursdays at 6:30 p.m. and Saturdays at 9:30 a.m. on WVON-AM 1690, the Talk of Chicago. You can also listen live online at WVON.com. Check back each week for UBR Spotlight, which features additional resources, advice and information from and about the topics, entrepreneurs and experts featured on the show. If you have a question you want answered or a topic you want addressed on The Urban Business Roundtable, connect with us on Twitter @UBR1690.

Join more than 1,000 outstanding entrepreneurs and top business experts at the 2013 Black Enterprise Entrepreneurs Conference + Expo hosted by Nationwide, May 15-18, at the Columbus Convention Center in Columbus, Ohio. Expect innovative sessions, high-powered speakers, and an early peek at the products, trends, and services you’ll need to stay ahead of the curve. Be sure to enter our Elevator Pitch Competition to qualify for the $10,000 grand prize. To register and find out more, follow the hash tag #BEEC on Twitter, “Like” the Black Enterprise Entrepreneurs Conference on Facebook and visit www.blackenterprise.com/ec!

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