Unlocking Wealth Creation: WealthMore Revolutionizing Investment with $5,000 Minimum
Mical Jeanlys-White, a financial industry veteran, recognized the need for accessible wealth management services. With 70% of Americans lacking access to wealth advisers due to high fees and account minimums, she founded WealthMore. This innovative investment platform connects users with adviser-led portfolios and financial planning services for just a $5,000 minimum.
The platform, dubbed "Peloton meets wealth management," aims to democratize financial success. By bridging the gap in wealth creation, WealthMore addresses the racial wealth disparity and gender pay gap. With median Black wealth trailing behind other racial groups and women missing out on $1.2 million due to the wage gap, WealthMore seeks to empower all users to build generational wealth.
Through strategic partnerships and community-building efforts, WealthMore is reshaping the financial landscape. By offering diverse wealth advisers and engaging users through lifestyle products and conversations, the platform fosters a supportive environment for financial growth. With a focus on inclusivity and representation, WealthMore is leading the charge towards financial empowerment.
Despite initial fundraising challenges, WealthMore secured a pre-seed round of at least $1 million, demonstrating strong investor interest. With plans to exit beta mode soon, the platform aims to help users achieve their financial goals and overcome investment fears. Inspired by her grandmother's financial journey, Jeanlys-White envisions a future where WealthMore transforms lives and creates lasting prosperity for all.