Episode 15: A Path to Generational Wealth with WealthMore
Have you ever wondered what drives someone to leave the perceived security of a blue-chip career for the often unpredictable waters of FinTech entrepreneurship and how one pivotal moment on a Peloton sparked an idea that could impact people for generations?
As we continue to explore conversations with change agents rethinking paths to financial health, we are in conversation with Mical Jeanlys-White, Founder and CEO of Wealthmore, an inclusive investment and advice platform.
WealthMore believes that “everyone’s wealth deserves the benefit and respect of financial advice.” Join us as we listen to Mical's journey as a first-generation immigrant, from trying to get her grandmother to invest in CDs to defining a solution to help democratize wealth advice. Mical shares her lived experiences, challenges, and real conversations we need to have about closing the racial and gender wealth gaps if we are to create a path to lasting generational wealth.
Discover Wealthmore's unique approach to investing, planning, and creating a diverse and inclusive community of wealth advisors. Explore the impact of community-led financial empowerment and Wealthmore's innovative 'advice on demand' model as part of an ecosystem that stands for financial inclusion and leveling the playing field.
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Show Notes
Mical is the Founder and CEO of WealthMore, a wealth tech focused on closing the wealth gap by making expert advisors accessible and affordable to all.
With over 20 years of financial services experience, Mical has held senior executive positions at JPMorgan Chase, American Express, Nestle, and Accenture.
After a successful 20+ years in financial services, most recently as a Managing Director at JP Morgan Chase (JPMC), she left to launch WealthMore.
In her decade at JPMC, Mical was a General Manager, changemaker, intrapreneur, and culture carrier. She led a $22 billion credit card portfolio. She built My Chase Plan, a BuyNowPayLater product when that market was nascent. In addition, she also worked on and launched products you'll recognize: GM for Slate, Chase's small business card, Sapphire, AmEx's co-brand cards, and started her career at Nestle & Accenture.
Key More Elephant Moments in this Episode:
We candidly discuss the impact of pay inequity and the impact of creating generational wealth
We learn about the challenges of traditional wealth advisories, the need for change, and the core principles underpinning WealthMore that create a community-led experience for both customers and advisors.
Mical emphasizes the importance of advice on demand, portfolio ownership within the advisor community, and the role of micro-communities within the WealthMore experience.
And more…
More About WealthMore: Website | Facebook | Instagram | LinkedIn
Transcript
More Elephant Intro
[00:00:38] Jason Rudman: Welcome to the latest edition of the More Elephant podcast, where we like to mix it up with idea agents, change makers, and people who are just fascinating and interesting and doing some great things out there that we believe the world should know more about. So, I am delighted to welcome Mical Jeanlys-White to today's conversation. Mical is the Founder and CEO of WealthMore, which is an investing and planning service.
And, as she likes to say, if you follow her on LinkedIn, she is ex-Wall Street, a FinTech founder, and most recently was recognized in the Founder category in this past year’s @New York City FinTech Women's Inspiring FinTech Females 2023 list. Mical, I got through that. That was a lot, but welcome to the conversation. Delighted to have you.
[00:01:24] Mical Jeanlys-White: Jason, thank you for having me and for doing this. Thanks for elevating these conversations.
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