About Mellody Hobson

Mellody Hobson is president of Ariel Investments, a Chicago based money management firm that serves institutional clients through separately managed accounts as well as individual investors and 401(k) plans through its no load mutual funds. As president, Mellody is responsible for firm wide management and strategic planning, overseeing all operations outside of research and portfolio management. Additionally, she serves as chairman of the board of trustees for the mutual funds. She joined Ariel in 1991 after graduating from Princeton University where she received her degree from the Woodrow Wilson School of International Relations and Public Policy.

Mellody has become a nationally recognized voice on financial literacy and investor education. She is a regular financial contributor on “Good Morning America” and a featured guest on other ABC News programs including “World News Tonight,” “Nightline” and the 2009 special “Unbroke: What You Need to Know about Money” for which she served as executive producer and host. Mellody is also the featured consumer finance expert on Tom Joyner’s “Money Mondays” radio program and a regular columnist for Black Enterprise. In addition, she is a spokesperson for both the 2009 Ariel/Hewitt study, “401(k) Plans in Living Color” and the Ariel/Schwab Black Investor Surveys.

Beyond her work in finance and investor education, Mellody is actively involved with a variety of civic and professional institutions. Her community outreach includes serving as a board member of the Chicago Public Library and its foundation, The Field Museum, The Chicago Public Education Fund and The Sundance Institute. Additionally, she is on the board of governors of the Investment Company Institute and is a member of the SEC Investment Advisory Committee.

She is a director of three public companies: DreamWorks Animation SKG, Inc., The Estée Lauder Companies Inc. and Starbucks Corporation. Mellody is also a member of the Economic Club of Chicago, the Commercial Club of Chicago, the Young President’s Organization (YPO) and is a Henry Crown Fellow of the Aspen Institute. Additionally, in 2010, she received an honorary doctorate degree in humanities from Howard University for her contributions to both the university and the larger community.

TODAY WE ARE TALKING ABOUT OUR OLD RETIREMENT ACCOUNTS. WHY? As you may have heard, the labor market is very tight. This means we are likely to see increased churn in the labor market as people try to take advantage of the fact that the negotiating power currently rests with workers, not employers. As people […]

THIS MORNING YOU JOIN US WITH A TOPIC YOU KNOW WELL: THE STOCK MARKET. WHAT HAS PIQUED YOUR INTEREST THIS WEEK? We are the verge of a record. The U.S. stock market could soon lay claim to being in the longest bull run in modern history. Barring a 20% market correction in the next 72 […]

LAST WEEK WE TALKED ABOUT THE WAGE GAP. TODAY WE ARE TALKING ABOUT THE LEADERSHIP GAP? Last week, one of the iconic women of corporate America – Indra Nooyi – announced she was stepping down as CEO of PepsiCo after 12 years at the helm. As a result, the number of female CEOs fell again, […]

WHAT IS EQUAL PAY DAY? There is a pay gap between men and women in this country. The average American woman makes about 80 cents on the dollar compared to the average American man. But when you take race into account, this wage gap widens considerably. To illustrate this, the Equal Pay Today campaign has […]

WE ARE ONCE AGAIN TALKING ABOUT STUDENT LOANS? WHY IS IT ON YOUR MIND TODAY?  In May, total student loan debt in the US broke through another milestone, topping $1.5 trillion. That fact alone is worth noting, as it tells us that American college students continue to take on huge amounts of college debt. What […]

YOU ARE JOINING US TODAY TO TALK ABOUT CRYPTOCURRENCIES. LET’S START WITH THE BASICS: WHAT ARE THEY?  A cryptocurrency is a digital or virtual currency that uses encryption to secure and verify transactions and control and track the creation of new units of the currency. These currencies exist entirely online – there is no cash version of […]

  CONSUMER DEBT IS ON YOUR MIND. WHY? While we have been paying a lot of attention to the good economic news in recent months – low unemployment, the continued bull market, lower taxes – we have also seen consumer debt growing at a rapid clip. According to a recent report by Lending Tree, the […]

  Why is it important to talk to kids about money while they are still young?  We know that children learn about money and adopt financial habits from their parents. A new survey out from Chase reinforces this fact, finding that around two-thirds of Americans say their family or parents influenced their savings and spending […]

YOU JOIN US TODAY TO DISCUSS A SURVEY ABOUT COLLEGE SAVINGS. WHAT DOES IT TELL US? According to Sallie Mae’s 2018 report, How America Saves for College, parents are making progress when it comes to saving for their children’s college education. The report was based on a survey of more than 2,000 parents of children under […]

TODAY WE ARE TALKING ABOUT THE APRIL JOBS REPORT. WHAT DID WE LEARN ON FRIDAY? The economy continues to be strong, and companies are continuing to hire workers. According to the Bureau of Labor Statistic report last week, the economy added 164,000 new jobs last month, and the unemployment rate dropped to 3.9%, the lowest […]

You join us again to talk about minors being at risk of identity theft.  This is a very big deal, Skip. As you know, identity theft is becoming more and more common. With each new breach – be it Equifax or Yahoo! – we are reminded just how vulnerable we are to fraudsters trying to […]

YOU JOIN US TODAY WITH SOME ADVICE ABOUT THAT REFUND CHECK FROM UNCLE SAM. WHAT’S ON YOUR MIND? Every year, about 8 in 10 Americans who file their taxes receive tax refunds. But a much smaller percentage of us put this money to good use and improve our personal finances. Today, I want to go […]