Valerie Mosley: Financial Wellness | SALT Talks #216

Valerie Mosley is the Founder of Valmo Ventures. Valerie created Valmo Ventures to advise and invest in companies that add value to both investors and society. She recently founded BrightUp, a FinTech company focused on democratizing wealth building and wellbeing. Mosley sits on several boards including Eaton Vance’s family of mutual funds, DraftKings, Groupon and Envestnet. Previously, she was an SVP, partner, portfolio manager and investment strategist at Wellington Management Company, a $1 trillion money management firm. Mosley was named UK’s Powerlist International Person of the Year 2017, and one of the 50 Most Powerful Women in Business and one of the Top 75 African Americans on Wall Street by Black Enterprise Magazine. Valerie Mosley has always sought to bring people together in order to share different perspectives and build understanding. As a freshman at Duke University in the 1970s, she put together talks on race relations after learning she was the first black person many of her white classmates had met. She left a successful career at Wellington Management Company to pursue a more impact-oriented career focused on wealth building and wellbeing. Mosley cites the stagnation of wages among the bottom 80% of earners and its negative effect in the face of rapidly rising costs in health care, housing and education. Teaching financial literacy to the underserved is designed to have a compounding effect on both wealth and quality of life. “I’m very interested in compounding compassion and compounding interest. If you widen your lens just a little, then you’ll learn things like the median cost for a payday loan, at a time when interest rates are zero, is 391%. That’s unconscionable.” ————————————————————————— For podcast transcripts and show notes, visit salt.org/talks Watch this video on YouTube: https://youtu.be/mp9YqAso9Mk Developed, created and produced by SALT Venture Group, LLC. Moderated by Anthony Scaramucci.