Banking Investments News

American Veterans Group to Support Employment Transition Programs for Veterans

American Veterans Group to Support Employment Transition Programs for Veterans

Grant will help 500 veterans successfully transition to civilian workforce

American Veterans Group, Wall Street’s first and only public benefit corporation, is collaborating with Wells Fargo to fund programs that provide transition and employment assistance for veterans.


Together, American Veterans Group and Wells Fargo have donated to the Mt. Carmel Veterans Service Center in Colorado Springs, Colorado, which will help the non-profit organization align recently discharged military personnel, veterans and their spouses with suitable and satisfying employment. The gift will help 500 veterans transition to the civilian workforce.

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The donation will allow the agency’s Transition & Employment team to help individuals through a multi-step process from assessing needs, helping develop resumes and interview skills, to connecting them with potential employers, among other coaching and wellness services. The team collaborates with employers, military installations, and community partners to ensure success.

“Mt. Carmel’s holistic approach to providing wellness and career services to the veteran community is truly exceptional,” said Ben Biles, co-founder and chief executive officer of American Veterans Group. “Collaborating with Wells Fargo to support this worthy cause will ensure they can continue the work they are doing to empower the lives of veterans and strengthen the communities in which they live.”

American Veterans Group is a social-impact investment banking firm that dedicates 25% of its earnings to support veterans causes. The gift to Mt. Carmel Veterans Service Center was made possible by American Veterans Group’s investment banking relationship with Wells Fargo.  Wells Fargo has included American Veterans Group as co-manager on several debt offerings during the past year-and-a-half.

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“Wells Fargo is committed to empowering military communities to effectively navigate life’s transitions to achieve ongoing career and financial success,” said Sean Passmore, head of military initiatives for Wells Fargo. “We are proud to support Mt. Carmel’s career transition program that makes it easy for veterans and their families to access critical resources needed to achieve success.”

Mt. Carmel Veterans Service Center provides transition and employment assistance, behavioral health and wellness, supportive services, connection to community resources, and safe event space for veterans, military members and their families. Their services are free and confidential and open to veterans of all eras regardless of discharge status.

“The majority of transitioning service members have numerous fears, doubts and concerns about their level of preparedness to transition to the civilian workforce,” said Robert McLaughlin, Executive Director of Mt. Carmel Veterans Service Center. “We are extremely grateful to Wells Fargo and American Veterans Group for recognizing the valuable work our organization is doing to help veterans transition to civilian life and find meaningful employment. Their collective gift will make it possible for our Transition & Employment team to continue to offer support to members of the veteran community as they pivot to civilian life.”

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