What Happens When You Mix Spirituality And Finance? More Giving

25 Mar

Brent Kessel is the CEO and co-founder of a wealth management firm, but it’s the combination of that with his other beliefs that’s led him to a life of generosity (and a financial company that’s a little different from what you would guess).

Brent Kessel_1

How does one’s spirituality influence their generosity? For Brent Kessel, the CEO and co-founder of Abacus Wealth Partners, 20 years of yoga and meditation practice has affected everything from the firm’s investment philosophy to its culture. His ability to bridge the worlds of finance and spirituality has helped him build one of the country’s most interesting wealth-management firms, which is part of why we’ve selected him as one of our Most Generous on Wall Street.

Born and raised in Apartheid-era South Africa, Kessel witnessed blatant racial and economic inequalities that still resonate and fuel his empathy today. An active Acumen Fund Partner, he recently traveled to East Africa to meet with several of the social enterprises in which they invest. On his January 2013 trip, he visited one company that is enabling micro-entrepreneurs in Nairobi’s slums to buy franchised toilets. By keeping it clean, they earn money to pay off the toilet, and at the same time help reduce the spread of disease. To earn additional revenue that helps keep the cost of the toilets low, the company composts the waste, transforming it into fertilizer using a new technology created in conjunction with the Gates Foundation. In addition to his work with Acumen, Kessel is an avid charity: water supporter, has sponsored two Cambodian children for many years, and has helped raise over $600,000 to help find a cure to Type 1 Diabetes, the disease one of his sons was diagnosed with in 2003.

Click here to read the full article on FastCo.Exist.

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