Podcast appearances and mentions of Jon Stein

In this podcast, Walt Zerbe, Sr. Director of Technology and Standards at CEDIA and host of the CEDIA podcast, talks with Nathan Holmes of WhyReboot, Eddie Shapiro with SmartTouch USA, Roberto España of Aktiva, Sebastian Garza of Grupo Mai, Jon Stein of Restrepo Innovations, and Andy Bull of Lighting Audio Video Projects about their experiences to date at this years CEDIA Expo.

Jeannine Higgins is an Austin-based singer/songwriter. Originally from Bucks County, PA, she grew up in a house filled with music. She cannot remember an age at which she wasn't singing. In fact, she and her six siblings loved singing so much that the rule in her house was: “No singing at the dinner table.” Her father and stage- actress mother valued and encouraged music education. Jeannine studied piano, cello, and voice as a child and began playing guitar and performing again as an adult, after raising her three sons. Her vocals are beautiful and crystal clear and she writes and sings in a boldly personal and honest style. Her lyrics resonate with the listener and capture raw emotion and passion. She was a finalist in the 2019 Great American Song Contest for her song ("She's Nobody", Emily's song). Jeannine's songs were featured in a mini concert on wtbq's “Hootenanny Cafe” with Jon Stein in April 2020. Her self-titled debut album was released in 2018. Her new EP, “Shadow” was released January 2024. https://www.jeanninehiggins.com/https://www.reverbnation.com/jeanninehigginshttps://www.facebook.com/jeanninehigginsmusic/https://www.instagram.com/jeanninehigginsmusic/  

We're up in Maine and about to try some of the greatest hard ciders of your life! This week Jimmy is at the first CiderFeast in Portland, hanging out with up-and-coming cidermakers from in and around the state of Maine.Joining the party are Joy Cartwright, Marketing Director of Fogtown Brewing Co; Jon Stein, Owner and Cidermaker at Fogtown; Jared Carr, Co-Owner and Cidermaker at Cornish Cider Co; Damin Sawyer, Content Creator of Bone & Bottle Reviews; and Zach Kaiser, Cidermaker at Absolem Cider Co.CiderFeast 2024 took place on May 12 at Oxbow Blending & Bottling, next to Anoche Cider & Spirits, a local cider bar. CiderFeast 2024 featured delicious bites and over 40 hard ciders from more than 15 cider makers.Sample historical and cutting edge flavors from Maine in this week's Cidercast! Heritage Radio Network is a listener supported nonprofit podcast network. Support Beer Sessions Radio by becoming a member!Beer Sessions Radio is Powered by Simplecast.

In episode 155 of the Fishing Guide Podcast host Brad Wiegmann interviews Regional Fisheries Biologist Jon Stein with the Arkansas Game and Fish Commission about the walleye fishing population on Beaver Lake, walleye reproduction, stocking of walleye and where to fish for walleye on Beaver Lake. Stein also gives an update on the building of habitat project by AGFC on Beaver Lake; in addition to striper tagging project. Tackle Time features PICO Lures.

In episode 136 of the Fishing Guide Podcast host Brad Wiegmann interviews Region Fisheries Biologist for the Arkansas Game & Fish Commission Jon Stein announces the fish habitat event on Beaver Lake in Arkansas. The event is schedule to happen in this fall and is welcoming volunteers to assist with the placement of large trees for fish habitat in the reservoir. Stein also reports on the status of crappie fishing and walleye fishing in the reservoir. Tackle Time feature PICO Lures.

In this episode Walt Zerbe, Sr. Director of Technology and Standards at CEDIA with Ashley Kimsey of AVA, Gordon Van Zuiden of Cyber Manor, Jon Stein of Stone Gliden and Mitch Klein of Silicon Labs about their experience at day two of the CEDIA Expo.

Kyle Veit and Adam Treece interview Jon Stein, the AGFC District Fisheries Supervisor for Northwest Arkansas. They cover a lot of fishy topics including the recent high water years, new fishery habitat sites in Beaver Lake, how erosion impacts walleye & white bass spawn, and their new striper exploitation study to measure harvest rates. Support the show & gain access to exclusive video footage of our interviews + free monthly stickers through our patreon: patreon.com/theozarkpodcast Advertising inquiries: theozarkpodcast@gmail.com Instagram: @theozarkpodcast The Ozark Podcast is presented by Inland (@inland.us). Check out our website at www.inland-us.com for merchandise.

Jon Stein is the Founder and Chairman of the Board at Betterment.Jon was the first person I interviewed for my book, From Start-Up to Grown-Up! We start at the beginning of his journey that led him to founding Betterment, then discuss how important culture is to the success of the company. Later on, we got into why he stepped down as CEO, and how he would end up finding his successor.To stay up to date on future episodes and learn more from Alisa, sign up for her newsletter!If you like what you hear, please subscribe to the podcast!Learn more about Jon's company, Betterment, at betterment.comFor more stories and advice on founders and CEOs, head to alisacohn.com

In episode 114 of the Fishing Guide Podcast host Brad Wiegmann interviews Jon Stein, Arkansas Game & Fish Commission Region Fisheries Supervisor, about the new tagging program that the AG&FC started on stripped bass. Anglers catching one of the tagged stripers can contact the phone number on the tag and get $100 for answering several questions. Stein also talks about high muddy water and crappie fishing; in addition to how high muddy water effects spawning and post spawn crappie. Tackle Time features PICO Lures.

In episode 105 of the Fishing Guide Podcast host Brad Wiegmann interviews Jon Stein, Region Fisheries Supervisor, Arkansas Game & Fish Commission, about the recent fish habitat enhancement projects on Beaver Lake, the habitat barge and streambank stabilization project they are working on. Stein goes in depth on the overall fish population of walleye, stripers, crappie and bass. Plus, Stein talks about the influence of forward facing sonar on the crappie population and a recent creel survey that was done with crappie anglers. Tackle Time features PICO Lures and Smith’s Consumer Product Fillet Knife.

Developing a business strategy to help individuals manage their financesWhy is it important to choose the right investment?The core insight of building a simple and efficient investment platformWhat is the outlook for the real estate market in the future?How to provide real estate exposure to customers Life and Money Impact RoundWhat is the one thing to do now to live a meaningful and intentional life by design?What is one life or money hack that you can share to make an impact on others' lives?What is one thing to do right now to make the world a better place? RESOURCES/LINKS MENTIONEDVenmo Mint: Budget Tracker & PlannerChris SaccaShark TankLearnVestTechCrunch ABOUT JON  STEIN  Jon Stein is the founder and CEO of Betterment, the largest independent online financial advisor in the United States, with more than $22 billion in assets under management. Betterment, which was founded in 2008 during the global financial crisis, is a pioneer in the Robo-advisory business, utilizing computer algorithms to generate personalized advice and manage investment portfolios. CONNECT WITH JONWebsite: BettermentTwitter: @jonstein CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

Jon Stein is a potter and educator from Cincinnati, Ohio. Jon found the potters wheel at fifteen and never looked back. A desire to further his understanding of atmospheric firing led Jon to Utah State University where he completed his MFA. Jon is currently the Education Director at Queen City Clay.

On today’s show I chat with Jon Stein, the Founder and Chairman of Betterment. Betterment is an investing platform that helps people manage their money. Jon and I met at Columbia Business School way back in 2007, which is when he first told me about his idea for Betterment. I didn’t get it at the time, but Jon had a vision. After navigating the murky waters of a HIGHLY regulated sector, Jon launched Betterment in 2010, which was revolutionary at the time for being the first no-fee trading platform. Now they have $30b in AUM serving 600,000 customers. It’s officially a unicorn. After 13 years at the helm, Jon recently stepped down from being CEO and is now the Chairman of the Board. Here in the States it’s become strangely taboo for a CEO to step down, while in other countries it’s an obvious sign of growth and development. I view Jon’s move as a promotion. During our chat Jon was very candid about the transition which I think will be helpful to a lot of other founders. We also discuss Betterment’s founding story, how to navigate regulatory challenges as an entrepreneur, and much more. Follow us on Twitter: @jonstein / @Betterment / @mpd Show Notes: https://www.betterment.com/ (Betterment), https://www.oaktreecapital.com/insights/howard-marks-memos (Howard Marks Memos) Podcast Links: http://mpd.me (Website), https://www.youtube.com/channel/UCua7T3uyg6IQeSbYyNKT_Iw (YouTube), https://twitter.com/mpd (Twitter), https://www.facebook.com/innovationwithmpd (Facebook), https://www.linkedin.com/company/innovationwithmpd (LinkedIn)

Jon Stein of Coinbeast and I discuss:   - His Bitcoin story - the education system - raising children - decentralizing knowledge and then some...   Check out my music video"ETF" HERE https://www.youtube.com/watch?v=ZTSHhwyrB9o Join the band at ETF615.com Citadel21 Volume 6 https://www.citadel21.com/etf-economic-earworms-of-the-sound-money-revolutionhttps://www.citadel21.com/   To learn more about Bitcoin fundamentals... Go to: bitcoinonepager.com   Hope you're saving savings by stackin' those sweet, sweet, sats at savingsavings.io (AKA) SwanBitcoin.com/phil Get 10% off the SHAmory game at checkout when you use the promo code Phil10 Rate, Subscribe, and Review the show, and share it with someone who's curious about Bitcoin and needs a place to start.

Jon Stein is the founder and chairman of Betterment, the largest independent online financial advisor in the U.S. with over $22 billion of assets under management. Founded in 2008 during the global financial crisis, Betterment is one of the pioneers in the robo-advisory industry, using computer algorithms to generate personalized advice and manage investment portfolios.We spoke with Jon about his upbringing and what he was interested in as a kid, his passion for writing and why he loves it so much, deciding to forgo a medical career after college and working on Wall Street, how the idea for Betterment came about, why he decided to step down as CEO in late 2020, and what he’s up to now. We also settle a highly debated issue and a question we were dying to ask Jon - is it finance or FINance?Tune in to find out!SUBSCRIBE TO OUR NEWSLETTER & STAY UPDATED > http://bit.ly/tfh-newsletterFOLLOW TFH ON INSTAGRAM > http://www.instagram.com/thefounderhourFOLLOW TFH ON TWITTER > http://www.twitter.com/thefounderhourINTERESTED IN BECOMING A SPONSOR? EMAIL US > partnerships@thefounderhour.com

In today’s episode of Framework, Jamie Hopkins talks with Jon Stein, the founder and CEO of Betterment, about why he created Betterment in the wake of the 2008 financial crisis, how roles are shifting for financial advisors, and why creating great tech is about adding more value for customers than they can get elsewhere.  You can find show notes and other information at CarsonGroup.com/Framework.

Jon Stein is the CEO and founder of Betterment. Passionate about making life better, and with his experience from his career of advising banks and brokers on risk and products, he founded Betterment in 2008.   Betterment manages over $21B in assets.  Jon is a graduate of Harvard University and Columbia Business School.   His interests lie at the intersection of behavior, psychology, and economics. What excites him most about his work is making everyday activities and products more efficient, accessible, and easy to use.  Betterment saves people time and money and empowers them to reach their important goals faster.

In episode #419, Jon Stein, CFA, the CEO and founder of Betterment, discusses the past and future of the online adviser, and the building of financial fortitude and resilience required by an uncertain environment.

Our guest this week is Jonathan Stein, the founder and chief executive of Betterment. Stein founded Betterment in 2008 as an automated, goals-based investing service, and it's currently the largest of the independent robo-advisors. Betterment offers two main services--Betterment Digital, which is a pure robo-advisor, and Betterment Premium, which offers clients ongoing financial planning guidance from a Certified Financial Planner. Stein began his career consulting with banks and brokerage firms on risk and products. He's a graduate of Harvard University and Columbia Business School and holds the Chartered Financial Analyst designation. BackgroundJonathan Stein bio Betterment.com"Betterment: Jon Stein," How I Built This with Guy Raz, Oct. 26, 2018. "Jonathan Stein Built Betterment to Help Investors Make Better Decisions," by Bruce Rogers, Forbes.com, Jan. 18, 2018.The Coronavirus and Investor Behavior"Thoughts on the Volatile Market," by Jon Stein, Betterment.com, March 19, 2020."COVID-19's Impact on Investor Sentiment," Betterment.com, May 6, 2020."How Betterment's Customers Are Behaving Amid the Volatility," by Caleb Silver, Investopedia.com, April 10, 2020. "Betterment Halted Trade Amid Brexit Panic--Here's Why," by Anora Mahmudova, MarketWatch, July 1, 2016. "Coronavirus Turmoil, Free Trades Draw Newbies Into Stock Market," by Alexander Osipovich and Caitlin McCabe, The Wall Street Journal, April 29, 2020. "Americans Are Hoarding Cash: Savings Rate Hits Its Highest Level Since 1981," by Paul R. La Monica, CNN.com, April 30, 2020. Betterment's Offerings and Investment ProcessBetterment Digital vs. Premium Betterment's Cash Analysis Methodology "Are Robo-Advisors Better Than Target-Date Funds?," by Arielle O'Shea, NerdWallet. Betterment for Business"How Tax Impact Preview Works to Help Avoid Surprises," by Boris Khentov, Betterment.com, Oct. 29, 2014. "ETF Selection for Portfolio Construction: A Methodology," by Adam Grealish, Betterment.com, Aug. 27, 2014. "Value Investing: Research on the Risk and Return," by Adam Grealish, Betterment.com, Oct. 25, 2016.Future of Advice"The Fiduciary Rule Should Be Fully Implemented," by Jon Stein, Betterment.com, June 8, 2017."Will New SEC Regulations Change Anything for Retail Investors?" by Theresa W. Carey, Investopedia.com, June 8, 2019.  "The Future of Advice: Jon Stein, Betterment," March 6, 2017. “Betterment Paints It Black in Robo-Retail," by Oisin Breen, RIABiz.com, Aug. 5, 2019. 

When Tobias Lütke started Shopify, he wanted to empower merchants to start small and build resilience. Tobi spoke with Guy about the relevance of those principles in 2020, as he explains the rise of Shopify sign-ups during the pandemic. Jon Stein spoke with Guy about starting Betterment in the wake of the 2008 recession, and why this economic downturn could be the perfect time to start a company. These conversations are excerpts from our How I Built Resilience series, where Guy talks online with founders and entrepreneurs about how they're navigating these turbulent times.

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech.   You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio.   In this episode the host John Siracusa chats with Tom Ryan, partner at Anthemis.   Anthemis is a leading global venture investment platform with over half a billion in AUM.  A few of their portfolio companies are past guests on the show, such as Farhan Ahmad from Bento for Business, Richard Arundel from CurrencyCloud, James Waldinger from Artivest, Jon Stein from Betterment, Rhian Horgan from Kindur, Fawce from Quantopian and Chris Bruno from Rally Road.      Tune in and Listen.     Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear next Tuesday’s all new episode with James Haluszczak from SteelBridge Labs.       About the host:   John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin, and 'Before the A' podcast recorded onsite in Flat Iron at Barclays/Techstars Rise NYC.   He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.  Stay in the fintech know by subscribing to ‘Bank On It’, ‘Before the A’  Follow John on LinkedIn, Twitter, Medium  

Hablamos con François Derbaix, co-fundador de Indexa Capital y una figura histórica del mundo del emprendimiento y startup de nuestro país.Los robo-advisors son servicios fintech que facilitan la creación de una cartera de inversiones personalizadas y adaptada al contexto de cada uno de nosotros gracias al uso de algoritmos.Su historia se remonta al 2006, momento en el cual Mint lanzó un servicio de gestión de finanzas personales semi-automatizado, lo cuál sirvió de germen para el nacimiento de los robo-advisors.Un par de años después, en 2008, la crisis financiera estaba haciendo estragos y este contexto ayudó a que surgieran los primeros servicios de robo-advisors, siendo Wealthfront el primero en obtener el permiso de la SEC en Estados Unidos.En 2010 se lanza al mercado Betterment por parte de Jon Stein y ese movimiento hace que los robo-advisors ganen popularidad y anima al lanzamiento de servicios similares en muchos otros mercados.En 2015 ya existían más de 100 servicios de este tipo en todo el mundo, gestionado más de 60.000 millones de dólares en activos de forma totalmente automatizada y esta cifra ha ido creciendo de forma constante hasta situarse entre los 350.000 y los 440.000 millones de dólares gestionados a día de hoy por este tipo de servicios.El robo-advisor de Vanguard, llamado Personal Advisory Service, gestiona ya más de 140.000 millones de dólares el solito, y existen al menos otros 10 robo-advis

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. This episode was recorded live onsite during In|Vest 2019 in NYC on a podcast stage in the center of it all.  In this episode the host John Siracusa chats with Jon Stein  from Betterment.  Jon is the founder and CEO and is a global thought leader in his space.   Tune in and Listen. Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Thursday's episode with Lowell Putnum from Plaid recorded live onsite during In|Vest 2019.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He's a highly sought after fintech, VC and financial services industry enthusiast and connector. He's in the center of the fintech ecosystem, keeping current with the ever-innovating industry.   Follow John on LinkedIn, Twitter or on Medium

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech.   You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio.   In this episode the host John Siracusa chats with Mark Beeston from Illuminate Financial Management.  Illuminate Financial Management, is a venture capital firm that crosses the chasm between capital markets fintech and the financial institutions it should serve.   Tune in and Listen.   Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Next Tuesday's episode with Jon Stein from Betterment recorded live onsite during In|Vest 2019.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He's a highly sought after fintech, VC and financial services industry enthusiast and connector. He's in the center of the fintech ecosystem, keeping current with the ever-innovating industry.   Follow John on LinkedIn, Twitter or on Medium

Jon Stein is the Founder and CEO of Betterment, one of the world’s leading digital investments companies. We first connected with Jon in January 2018 in a great episode that’s still very relevant today. Since then, Betterment has added $4 billion in assets under management to its platform, and today, they’re launching checking and savings accounts as they extend their offering into banking. This move is a compelling one at a time when consumer fintechs are increasingly extending early product sets in pursuit of comprehensive financial services offerings. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Jon Stein.

Jon Stein, Founder & CEO of Betterment, talks with Reuters' Lauren Young on the future of wealth management & more. This conversation was recorded on June 12, 2019. 

Once upon a time, quality financial advice was only available for millionaires and the sophisticated investors who had the expertise to find the right advisors and understand exactly what they were getting. Non-millionaires and younger investors were ignored by traditional Wall Street brokerage firms, left to fend for themselves or, worse, to be preyed upon by unscrupulous brokers and insurance salesmen with skewed incentives. But times have changed, thanks to an innovative wave of new advisory firms, new services from large institutions and disruptive technology. Now, quality investment advice is available to everyone. Automated asset management services and robo-advisors unleashed a storm of creativity and progress, and now human advisors are adopting these technologies to incorporate into their practices, serving a new customer that they otherwise would not have been able to reach and help. We built Liftoff as a way to serve young investors and those who do not meet the minimum asset levels of traditional wealth management firms. Rather than send our fans and friends away to figure things out for themselves, we wanted to be able to help them ourselves, which led to years of development and evolution. Liftoff is a collaboration between Ritholtz Wealth Management and Betterment, combining what we believe is best in class asset allocation technology with the human touch of certified financial planners and advisors. We'd love for you to try us out and see what it's all about!You can learn more at https://liftoffinvest.com/ right now!1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here:http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer:https://thereformedbroker.com/terms-and-conditions/ See acast.com/privacy for privacy and opt-out information.

Bloomberg Opinion columnist Barry Ritholtz interviews Jon Stein, founder and chief executive officer of Betterment, the U.S.'s largest independent online financial adviser. Prior to founding the firm, which has over $16 billion in assets under management, Stein spent years as a Wall Street consultant. He studied economics at Harvard University and finance at Columbia Business School, and is a CFA charterholder.

Clay Gardner, a co-founder of Titan, joins us to share how anyone can invest like a hedge-fund investor.  Some questions answered in this episode: How did you teach yourself investment strategies and how to build the company?  How did you develop the current model and what was the first year like?  How did you meet your co-founders?  How does Titan determine their clients' investments? Does every investor have the same investments or are they customized?  Why do the portfolios consist of exactly 20 stocks?  What tips do you give to millennials to encourage them to invest long-term? What methods does Titan use to educate their investors?  What does your typical day look like? What factors influenced your decision to leave your job and found Titan?   How did Titan grow and what were some of the major turning points? What was the process of being accepted into Y Combinator and what did you learn? Why did you return to New York instead of staying in Silicon Valley or moving to another city?  What mistakes did you make launching Titan and what would you do differently?  What is the future of Titan? Last call: What advice would your 60-year-old self give you today? Think exponentially and bet bigger What is the best advice you have received on entrepreneurship? Don't sit in a room and think of business ideas, think of problems and find the solution.  What is a book/documentary/podcast you would recommend? Invest Like the Best podcast What is the best thing you spent money on in the last six months? Airpods What's your favorite thing to drink? Old Fashioned Bulleit Bourbon Notes: A Randon Walk Down Wall Street: The Time-Tested Strategy for Successful Investing The Everything Store: Jeff Bezos and the Age of Amazon Enjoyed this episode? Be sure to check out Titan online and on the App Store. Also, check out our episode with Jon Stein, CEO of Betterment. Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com. You can also find us on Facebook, Instagram, Twitter, and Linkedin. Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe.

On this episode Jon Stein stops by to discuss his lifetime infatuation with power pop and Jon and Howard both hail praise for the superlative guitar solo that makes up 50% of the song My Sharona. Spotify Playlist of songs referenced or played on the episode: https://open.spotify.com/user/x5228znb6j0817tdq7otw61fi/playlist/0Q4b7wmG3P84rK7Fn7yJHT?si=ZT70nOVaTvuO4695XqXv0A iTunes/Apple Podcasts: https://podcasts.apple.com/ca/podcast/gateway-music/id1456290890 Facebook: https://www.facebook.com/Gatewaymusicpodcast/

Jon Stein is the cofounder of online investment advisor Betterment. One of the first FinTech companies, and a startup that launched in the pit of the 2008 financial crisis. Betterment has landed $275 million in funding. Investors include Fabrice Grinda, FJ Labs, Andy Dunn, Menlo Ventures, and Bessemer, as well as large family offices with patient capital.

Jon Stein, Founder and CEO of Betterment, the country's largest robo-advisor with more than $18 billion in assets under management, shares how he built Betterment and why you should join the future of investing. Some questions answered in this episode: How did you get the idea for Betterment? Why did Betterment start in 2008 during the last recession? How has Betterment grown so quickly? What makes Betterment different and separates it from competitors? What is Betterment's company culture? What drives Betterment's focus? Who are the primary Betterment customers? Does it get stressful having so much money under management? How has being located in New York helped Betterment grow? Why does Jon ride his bike to work? What are the biggest highs and lows since founding Betterment? What do Jon's days look like right now? How often does Jon check email and how does he shut out distractions? How does Jon judge Betterment's success? Why do so many millennials  struggle with long-term saving and how does Betterment help? Will Betterment be launching any new products in the near future? How many employees currently work at Betterment? What advice would you give to an entrepreneur starting out who is hesitant about growing their company? What is the best thing you have spent money on in the last six months? What additional advice would you give to millennials? Shoutouts: LaCroix How I Built This with Jon Stein Forbes article with Jon Stein Mr. Money Mustache Betterment experiment Enjoyed this episode? Be sure to open a Betterment account (referral link to get 3 months free). Also, check out our podcast with Keith Blakely to learn more about investing and the economy. Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com. You can also find us on Facebook, Instagram, Twitter, and Linkedin. Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe.

Jon Stein is the Founder & CEO @ Betterment, the online financial advisor built for people who refuse to settle for average investing. To date, Jon has raised $275m in VC funding with Betterment from the likes of Bessemer Ventures Partners, Menlo Ventures, Kinnevik and Francisco Partners, just to name a few. Prior to founding Betterment, Jon spent 4 years as a consultant at First Manhattan Consulting Group where he really honed his experience in working with banks and brokers including revitalizing a bank in Australia with the launch of a best-in-market auto-finance offering, resulting in 50% lift to revenue. As a result of his phenomenal success with Betterment Jon has won many awards including Fortune’s 40 Under 40. In Today’s Episode We Discuss: How Jon made his way into the world of startups and came to found democratize the world of investing with Betterment? When does Jon believe is that critical moment when the founding team must hire their first employee? What is the right strategy to build the candidate pipe for hiring those first employees? Where does Jon see many go wrong here? What 1-2 questions does Jon always find the most enlightening to ask in the interview? Once hired, what have been some of Jon’s biggest lessons in terms of optimising the onboarding experience and the first 60 days? How has their process changed over time? How does Jon determine when a stretch candidate is a stretch too far? If so, what does Jon believe is the right way to let go of an individual? What does Jon believe to be the 3 core roles of the CEO in any company today? From those, what has Jon found most challenging? What did he do to level up and overcome the challenges? How does Jon approach transparency with the team in delicate cases like fundraising and acquisition etc? With the team and product in place, scale can occur, what are the 2-3 things that all companies need to focus on when product market fit has been achieved? How does Jon determine when is the right time to really put the pedal to the metal and scale? Jon’s 60 Second SaaStr: Jon’s favourite book and why? What does on know now that he wishes he had known at the beginning? What is Jon’s biggest strength and weakness? Read the full transcript on our blog.  If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Jon Stein

When Jon Stein realized he couldn't stand the sight of blood, he gave up the idea of becoming a doctor. Instead, he went into finance, but soon grew restless with "helping banks make more money." So he decided to build a business where he could help everyday investors make more money: an online service that would use a combination of algorithms and human advisers. Jon launched Betterment at a precarious time — shortly after the financial crash of 2008. But today, the company has roughly 13 billion dollars under management. PLUS in our postscript "How You Built That," how Gerry Stellenberg combined his knack for technology and his love for pinball to create the P3: a pinball machine that allows a real-life ball to interact with virtual objects.

Arie Shapira, Bloomberg News Managing Editor of Equities, discusses how much popular hedge fund stocks have been hit by the market selloff. Molly Smith, Bloomberg News Finance Reporter, talks about an acquisition binge that has left an unprecedented number of major corporations just a rung or two from junk credit ratings. Jon Stein, CEO at Betterment, talks about using technology to reshape financial services. And we Drive to the Close of the market with Barry James, President and Portfolio Manager of James Advantage Funds.  Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Arie Shapira, Bloomberg News Managing Editor of Equities, discusses how much popular hedge fund stocks have been hit by the market selloff. Molly Smith, Bloomberg News Finance Reporter, talks about an acquisition binge that has left an unprecedented number of major corporations just a rung or two from junk credit ratings. Jon Stein, CEO at Betterment, talks about using technology to reshape financial services. And we Drive to the Close of the market with Barry James, President and Portfolio Manager of James Advantage Funds.  Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan 

Jon Stein, CEO and Founder of Betterment See acast.com/privacy for privacy and opt-out information.

Betterment, which Barron's recently declared the largest independent online financial adviser, is betting that the future of online investing includes a blend of robot and human advisers. And the plan is working, according to chief executive Jon Stein. However, incumbents like Vanguard have leveraged existing strengths to move in to the market, and other startups like Robinhood have carved out swathes of the fast-growing market.

Jon is the founder and CEO of a New York City based firm called Betterment.  It's an online financial services company founded in 2008...

In this fourth episode of Focus on the Founder, Jon Stein the Co-founder and CEO of Betterment joins us to discuss his career journey, experience starting Betterment while in business school and his thoughts on wealth management and investing more broadly.

Jon Stein is the CEO and founder of Betterment, one of the leading roboadvisors in the US.   After amassing experience advising banks and brokers on risk and products, Jon founded Betterment in 2008 to make people's lives better.   Jon is a graduate of Harvard University and Columbia Business School. He holds Series 7, 24, 63 licenses and is a CFA charterholder.    Jon's interests lie at the intersection of behavior, psychology, and economics, all of which we get into in today's conversation.   If you enjoy today's episode, we'd really appreciate it if you shared it with one other person who might like it. Fintech is relevant all over the world, and we'd love your help spreading the message.   Thank you very much for listening today. Please welcome, Jon Stein.

Jon Stein, CEO of Betterment, uses behavioral biology and machine learning to to make his robo-advisor software's suggestions continuously more intelligent and personalized.  

We caught up with Jon Stein, the Founder and CEO of Betterment, Inc., in his New York office this summer. Jon launched Betterment to offer average investors access to first-rate, affordable financial advice. He talks about why he's okay with his team members bringing their kids to work, why books are important to him, who he admires in the financial world. and why being a trusted fiduciary advisor is his firm's purpose first and foremost.

We caught up with Jon Stein, the Founder and CEO of Betterment, Inc., in his New York office this summer. Jon launched Betterment to offer average investors access to first-rate, affordable financial advice. He talks about why he's okay with his team members bringing their kids to work, why books are important to him, who he admires in the financial world. and why being a trusted fiduciary advisor is his firm's purpose first and foremost.

Jon Stein. He’s the CEO and founder of Betterment. With his passion about making life better and his career experience advising banks and brokers, he founded Betterment in 2008. Jon is a graduate of Harvard University and Columbia Business School. He holds a Series 72463 and he’s a CFA (Chartered Financial Analyst). His interests lie in the intersection of behavior, psychology and economics. What excites him most about his work is making everyday activity and products more efficient, accessible and easy to use. Famous Five: Favorite Book? – The First Tycoon: The Epic Life of Cornelius Vanderbilt What CEO do you follow? – Jeff Bezos Favorite online tool? — Greenhouse How many hours of sleep do you get? — 6-7 If you could let your 20-year old self, know one thing, what would it be? – Jon could have taken risks a bit earlier in life   Time Stamped Show Notes: 01:15 – Nathan introduces Jon to the show 02:05 – Betterment is the largest independent investment advisor online 02:10 – Betterment manages your money in the way old institutions can’t 02:19 – Betterment automates the best practices of investing and the same technology drives the cost down for you 02:32 – Betterment is leading in their industry 02:45 – Betterment charges a fee that is the percentage of the asset finder management 02:50 – It is 2.5%, which is the lowest in the industry 03:15 – “We have to put our customers’ best interest first” 03:30 – Betterment currently manages $8.2B 03:50 – Jon studied economics and behavioral biology as an undergraduate 03:58 – When Jon graduated from Harvard, 80% of the graduates took to the finance industry 04:47 – Jon didn’t want to follow the people he knew in finance 04:31 – Jon wanted to help people so he thought he’d study medicine 04:50 – Jon found himself back in New York, consulting banks 04:58 – It was 2001-2002 when Jon got his pre-med from Harvard 05:13 – Jon was 23 when he went back to New York, in 2003 05:45 – The banks were not paying attention to what their customers wanted 06:58 – Jon realized that the industry was fundamentally flawed 07:12 – There was no scaled advisor that served the market and the people like Jon could 07:28 – Jon started at Columbia Business School in 2008 and he already the idea for Betterment even before he started there 08:10 – Jon didn’t know how to code when he started and just learned in business school 08:46 – Jon didn’t have student debt while he was in business school and he saved some money from his consulting 09:14 – During the early days, Jon and his co-founders didn’t need a lot of money 09:30 – Jon and his co-founders have invested their own money into Betterment 09:39 – Their initial investment was less than 400K 10:14 – Betterment has raised a total of $205M 10:34 – “I always wanted to build a company that would impact the lives of millions of people for the better” 11:04 – From Day 1, Jon knew that Betterment would be a capital intensive business 11:20 – Team size is 220 11:26 – About half of the team are engineers and product managers 11:31 – Most of the team is involved in building the business 12:14 – Most of Betterment’s customers are from word-of-mouth 12:46 – Betterment’s paid acquisition 13:03 – Betterment’s goal as a company is to make noise 13:11 – There’s now a better way to manage money 14:11 – People should put their money in Betterment rather than in Vanguard because they’re burning money 14:18 – Betterment can make them more money on their assets 14:39 – Warren Buffett is an active investor himself 14:45 – Jon thinks that Warren Buffett’s advice was great during his time, but the technology has moved forward 15:11 – Betterment will make you more money than you would make in a single fund 15:27 – Betterment’s website has all the information about how they work 16:00 – Betterment’s role is to maximize people’s money 16:07 – Vanguard is a fund company that sells you funds 16:10 – Betterment is independent from their funds 17:17 – “We are growing faster than any firm in the history of this space” 17:42 – People are becoming aware of what Betterment is doing 18:21 – 240K customers have invested in Betterment 18:44 – There’s no minimum amount to invest 19:24 – “We’re building an institution for the next century and we’re not interested at selling right now” 19:35 – Betterment’s revenue is driven from their 2.5% of the asset management finder 19:48 – Average revenue 21:05 – The Famous Five   3 Key Points: Just because it has worked in the past, does NOT mean it will still work today. There are better ways to manage your money, especially with the new advancements we have in technology. Take risks as early on as you can.   Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia Klipfolio – Track your business performance across all departments for FREE Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW Show Notes provided by Mallard Creatives

In the early days of Barefoot Innovation, one of my guests said something very provocative, that I knew would not sit well with some of our listeners. I considered whether to edit it out. Someone on my team pointed out that my website features a quote from Carl Sagan about the importance of truth-telling, and we decided that it’s the essence of this show to have a wide range of guests and let them speak as they want, without editing, and with the understanding that it’s their opinions rather than mine. It’s a good thing we have that policy, because otherwise, I would have quite the project figuring out what to do with my very lively conversation with Bill Harris, the former CEO of Paypal and Intuit, and Founder and Chairman of Personal Capital. Bill and I got together, in a little office I was using at Harvard, and had a very far-ranging conversation. By the time we finished, I told him I’ll probably have to offer equal time to all the people he -- shall we say, critiqued -- during our talk.   Seriously -- if anyone Bill mentions would like to come on the show to offer opposing views, please reach out. A lot of Bill’s outspoken views these days focus on the controversy over customers’ right to use and share their financial data. Much of today’s most promising innovation works by having people give permission to a fintech to access their bank account, so that the fintech can help them save, invest, or manage their money. This is the model behind everything from Mint (podcast with them is coming soon), to Digit (see our past episode with Ethan Bloch). For the past year or so, banks have been raising concerns that these arrangements can be risky to customers because the fintech may have inadequate security, and/or because there may weak controls on how the fintech uses the data. The innovators are countering that many of them have better security than banks do -- basically because they have new technology rather than the aging, siloed IT at most banks. They also argue that the potential risks can be managed, including through best practice by data aggregators like Yodlee. Bill is part of a newly-formed fintech group on Consumer Financial Data Rights  (which I have advised) and which is trying to build consensus on how to provide consumer protection while also assuring that consumers can access and use their data freely. The core argument is this information belongs to the consumer, rather than to the company that’s holding it. There are huge stakes in this, because data is the life’s blood of financial innovation. Regulators and the financial community must assure that it’s protected and not abused, but also have to enable it to flow freely, with the consumer’s permission. If it doesn’t, most of the best innovation underway with wither and die. In our discussion, Bill talks about this challenge, including the fact that the Dodd-Frank law authorized the CFPB to set out guidance on it. (Here is the CFPB’s request for information on the data rights issue.) Even more basically, he talks about the underlying problem, which is how to actually secure consumers’ data and establish reliable identity verification. Bill has helped to found three major security companies and shares his deep thinking about a security world beyond passwords (which he calls “stupid”).  He also warns against universal data security standards that are rigid or one-size-fits-all. And he offers a vision for how we will really solve identity authentication and security problems -- through the phone. We talked about his current company, Personal Capital, which provides personal financial management software to about 1.3 million users, for free. For customers that want more help, the company then provides fee-based investment advisory services tailored for people with complex financial situations. It arose from Bill and colleagues deciding that people’s biggest financial challenge is the “chaos” that leaves people leading “unexamined financial lives.” Personal Capital has designed a solution that is simultaneously high-tech and high-touch. Bill has wide-ranging views (including some praise) about new models emerging in investment management and robo-advising. (Here is the earlier podcast I mention in our talk, with Jon Stein of Betterment.)  Our discussion also included a look into how Bill starts businesses and scales them up, and about the challenges of legacy bank IT systems (stuck together with “bubble gum and sealing wax”). I think you’ll especially enjoy his stories about past adventures, including the early days at Intuit, and the hair-raising startup of PayPal with Elon Musk, Peter Thiel and Max Levchin, in a “small second floor thing over a bakery on University Street outside of Stanford.” And listen closely as he recounts an intriguing dinner conversation with Steve Jobs, about financial services. More for our listeners: Watch for our upcoming shows, including Colleen Briggs of JPMorgan Chase; Wai Lum Kwok, who leads the regulatory sandbox in Abu Dhabi; Jonathan Dharmapalan, founder of eCurrency; Al Ko, who leads Mint; and the one and only Brett King, among others. Please review Barefoot Innovation on ITunes. Also sign up to get emails when the new podcasts come out and to get my newsletter and blog posts at  jsbarefoot.com. And go there to send in your “buck a show” to keep Barefoot Innovation going. Support our Podcast - Send "a buck a show" I hope you’ll also join my facebook fan page, and follow me on twitter. Subscribe Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you!

On April 10th, the Department of Labor's Fiduciary Rule was scheduled to go into effect. It didn't happen. Instead, there's now at least a 60 day delay. What does this mean and what should consumers expect going forward? Will this rule ever be implemented? To discuss these questions and more, I held a brief round-table discussion with Jon Stein, the CEO of Betterment, Maureen Thompson, Vice President of Public Policy at the CFP Board and Micah Hauptman, Financial Services Counsel at the Consumer Federation of America. Our BONUS call of the week will return next Tuesday, so if you have a question, email us at askjill@betteroffpodcast.com.

Click Here to Get Access to Steve Sanduski's "52 Tips to Grow Your Business NOW" This week on Elite Advisor Blueprint, Steve Sanduski shares his journey as an elite financial advising coach and provides deep insight into where the industry is headed! Steve Sanduski has had over 20 years of experience growing companies by multiples, including one whose revenue grew 17-fold during his leadership. Steve helped launch and build a $1.8 billion RIA and was the Managing Partner of Peak Advisor Alliance as it grew from 0 to 1,000 coaching clients. Steve has led countless speaking engagements with top advisors and has spoken to audiences all over the country through keynotes, breakout sessions, and day-long training programs. He’s a New York Times Bestselling author and the co-author of Tested in the Trenches: A 9-Step Plan for Success as a New-Era Advisor and Avalanche: The 9 Principles for uncovering True Wealth. Steve also interview’s top leaders at the intersection of business, investing, and life on his podcast Between Now and Success. His guests include visionary leaders such as Tony Robbins, Ric Edelman, Marty Bicknell, Peter Mallouk, Elliot Weissbluth, Jud Bergman, David Bach, Jon Stein, Steve Lockshin, Carl Richards, Michael Port, Michael Schrage, Aaron Klein, Chip Roame, and Scott Hanson and many more! Here’s a quick overview of what we cover in this conversation: We begin with the story of how Steve and Ron Carson originally connected and then later launched PEAK Advisor Alliance from a conversation that began in Ron’s basement From there, we get into what creates an imaginary “glass ceiling” for financial advisors that holds them back from the growth they want to achieve and the secret to building a high performing team Later on, we dig deep on the massive changes in fintech and how Steve sees our industry evolving away from “return of investment” and more to “return on” an idea that is much more impactful to your clients Then we get into the most powerful lessons and takeaways from some of Steve’s former podcast guests like Tony Robbins and Hightower Investment’s Elliot Weissbluth, you won’t want to miss these! We wrap with one of my favorite parts of the conversation... Steve and I discussing the power of “random acts of kindness” and the power they have to change not only your own perspective, but those around you as well SHOW NOTES: [03:50] Steve shares his early days in the financial advising game and how a partnership with Ron Carson led to the launch of Peak Advisor Alliance - An Elite Financial Advisor Coaching business that’s been around since the 90’s. [12:05] Find out how Ron Carson discovered the habits of top achievers, connected with the most successful people in the world, and landed his first billionaire client. [15:15] Why differentiating yourself and clearly defining your target audience is critical if you want to succeed as a financial advisor. [22:40] How to avoid losing business to robo advisors while creating the best possible life for your clients. [00:27:35] Why using technology to increase efficiency should never come at the expense of your clients experience.   [30:34] The unique human attributes that technology can’t compete with and how you can use these to create a sustainable advantage. [34:42] The pros and cons to working with clients remotely. [39:12] Find out why Steve started his podcast Between Now and Success. [44:04] The most memorable moments from Steve’s podcast guests, such as Tony Robbins and Elliot Weissbluth. [53:50] Why the more valuable you are to the business, the less valuable the business is. [54:16] Why the growth of your business relies on your ability to surround yourself with incredible people. [56:02 Steve’s advice on hiring new talent and knowing when to let people go. [01:02:12] Why Steve’s Dad is the first person he thinks of when he hears the word “successful”. [01:05:05] The book that Steve believes all financial advisors should read. [1:06:41] How small acts of kindness can make a big difference in the world. [01:11:28] The one piece of advice Steve would give to any financial advisor that wants to succeed. SELECTED LINKS FROM THE EPISODE Connect with Steve Sanduski Website | Twitter | LinkedIn BelayAdvisor.com Peak Advisor Alliance Coaching Program Securities America Hewlett-Packard Tested in the Trenches by Ron Carson and Steve Sanduski Avalanche by Ron Carson and Steve Sanduski LPL Financial Peak Advisor Alliance Why Should I Choose You?  by Ian Chamandy and Ken Aber The 100-Year Life Union Pacific Western Electric The Quiet Company The Behavior Gap by Carl Richards Orion Advisor Services Mariner Wealth Advisors FiComm Partners High Tower Advisors Only The Paranoid Survive by Andy Grove Amazon Kodak Netflix CNBC The Soul of Money by Lynne Twist The Madonna School PEOPLE MENTIONED IN THE EPISODE Ron Carson - Founder and CEO of Carson Group Holdings Dan Sullivan - Founder and President of The Strategic Coach Inc. Warren Buffett - Chairman and CEO of Berkshire Hathaway Wayne Gretzky - Legendary Hockey Player Tony Robbins - Author of Unshakeable Cole Richards - Author of The Behavior Gap Eric Clark - CEO at Orion Advisor Services Marty Bicknell - CEO at Mariner Holdings Joe Duran - CEO at United Capital Jason Lahita - President and Co-founder of FiComm Partners Elliot Weissbluth - CEO and Founder at High Tower Advisors Gordon Moore - Co-founder of Intel Mark Moses - co-founder at CEO Coaching International Darren Hardy - Success Coach Stu McLaren - Co-founder of Wishlist Member Michael Hyatt -  Author of Platform: Get Noticed in a Noisy World     The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Advisors Excel. The guest speaker is not affiliated with or sponsored by Advisors Excel. Results from the use of these concepts are no guarantee of your future success. While client appreciation events may be permitted, such event should be reasonable and customary. All producers and investment advisors should be aware of any gifting limitations imposed by federal regulation, state regulation, insurance carriers, broker-dealers and Registered Investment Advisors, as applicable. Investment advisors are strongly encouraged to obtain pre-approval from the broker-dealer and/or Registered Investment Advisor with which they may be affiliated prior to implementing the concepts or strategies discussed in this interview.  Positioning yourself as a celebrity is not a substitute for professional credibility, nor should it be viewed as a shortcut for obtaining new clients. Rather, it is a system of branding and marketing designed to help reinforce your credibility and value proposition. Credibility is founded in knowledge and experience.

In our first ever episode recorded in front of a live audience, Kate sits down with Jon Stein, Founder and CEO of Betterment.  With this hour-long feature, Jon discusses how Betterment interprets and applies principles of behavioral economics to their product.  What does investor behavior tell them about the current political climate?  Who does Betterment see as their competition, and what role do they see themselves taking in the unbundling of banks?  How do you scale a digital business that has historically been rooted in offline human relationships and interaction?  What is Jon’s home wifi network called?  Tune in as we discuss these questions and more in this special edition of Rise Radio.

Jon Stein is the co-founder and CEO at Betterment, where he and his team have built a smarter way to invest by designing a portfolio that helps people achieve optimal returns at every level of risk. Jon studied economics at Harvard and finance at Columbia, and he started Betterment after years of consulting for Wall Street's biggest financial institutions.

Rob Berger is the man behind DoughRoller.net. We’ve appreciated his material over the last year and found his research and content on Robo-advisors particularly pertinent to our recent discussions. Jon Stein came on the show back in episode 22 to discuss Betterment, and we wanted to get Rob’s take on the benefits of Robo-advisors like Wealthfront and Betterment. On this episode, we compare the top 2 leading Robo-advisor platforms and discuss the pros and cons of tax-loss harvesting, the overall value of this automated feature, and which type of accounts it is most effective in. Relevant links: Blog - http://www.doughroller.net/ Linkedin - https://www.linkedin.com/in/bergerra Twitter - https://twitter.com/Doughroller/media Where are we: Sam – Florida Rob – Virginia Johnn FD - Chiang Mia Discussed (relevant links): Free spreadsheet - A tool Rob uses to track his portfolio performance Investing in gold and Silver - Buying gold and silver bullion a smart move ILAB 22 -Betterment Ceo Jon Stein a Decade of Pioneering Robo Advisory ILAB 15 - Meb Faber on Building the All Seasons Portfolio Show Notes: 06:00 – Robs Portfolio with Betterment, Wealthfront and Vanguard 08:15 – Life strategy fund vs. target date retirement fund 11:05 – Tax loss harvesting long-term benefits 22:48 – Index fund Low cost passive investing 24:21 – Wealth Front vs. Betterment 27:29 – Rob’s personal investment allocation model 28:50 – Is owning gold and silver a productive asset? 32:50 – Investing in one platform consistently 34:17 – Pricing fees with Wealth Front and Betterment 36:00 – Auto saving money since 18 years’ old 40:00 – Vanguard vs. Robo-advisory 42:00 – Presidential election 2017 Trump vs. Clinton If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.  

Would you be comfortable with a robo-advisor running your entire investment portfolio?  That’s the hope of our guest this week, Jon Stein, founder and CEO of Betterment.  Betterment manages $5 billion dollars for over 175,000 clients.  Patrick and Jon explore the challenge of getting young people to invest, Betterment’s recent foray into areas like the 401(k) market, and how Betterment works with financial advisors.  If you’re unsure about robo-advisors, this conversation will make you better understand what they can do for you. Please Enjoy!   For comprehensive show notes on this episode go to investorfieldguide.com/stein/ For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

This week Jeremy sits down with Jon Stein, Founder & CEO of Betterment, an automated investing service that helps clients better manage and grow their wealth through smarter technology for a fraction of the cost of traditional financial services. Download this week's episode to hear Jon's journey as a Columbia Business School grad passionate about using technology to better align customers with their financial institutions and why the New York Times named Betterment one of the next "startup unicorns".

Jon Stein is the very popular CEO of Betterment, a platform that is pioneering “Robo-Advisory” and a listener favorite. In fact, the term “Robo-Advisory” was one of the reasons we wanted to start the podcast. When we first heard about Betterment, it was clear a new modern era of technology and investment advice was now available. Aside from the platform itself, we wanted to hear about Jon’s story and why he started Betterment. And a very inspiring one it is. Betterment has been in the works for almost a decade. You’ll be intrigued to hear how and where it got started, and what the future holds.  Jon’s -  LinkedIn Betterment account sign up - For every friend who funds, you get 30 days free, and each friend gets 6 months free. Meb Faber on Building The All Seasons Portfolio - ILAB 15 Money master of the game - Tony Robbins Time Stamp: 03:00 - Starting Betterment in New York City 05:30 - John’s personal story behind Betterment 11:20 - Launching Techcrunch Disrupt 16:00 - Transitioning away from using financial advisors 18:00 - Staying the course during a decrease in market value 19L50 - Growth and infrastructure over the next few years 22:40 - Active vs. passive - Evidence based 25:00 - Opportunity for international investors 27:00 - Being an emotional or physiological advisor 31:10 - Benefits for active and engaged investors 34:00 - John’s advice to his younger self 34:53 - Sam’s investments in Betterment 38:38 - Two side effects to robo-advisor 44:50 - The downside to Vanguard 49:00 - Removing emotion to prevent a loss 55:00 - Why is Betterment right for you

Welcome to Barefoot Innovation and to a new dimension in the topics we explore. We've talked with many startups in lending, payments, and managing personal finance. Today, we're looking at the most exciting change underway in the investment space - "robo-investing." My guest is Jon Stein, the founder and CEO of Betterment. We met in their fast-growing offices in New York, a converted warehouse steeped in industrial character and with mouth-watering aromas wafting from a very substantial food bar that lined one end of the busy open space, and offering the special charm unique to businesses where people bring their dogs to work. In our conversations, Jon told me the story of his personal journey. He graduated from Harvard and - since, as he says, no one was recruiting for jobs with the description of "making people happy" - went into finance. Eventually he went on to Columbia Business School, gained Series 7, 24, 63 certifications, and become a CFA, Chartered Financial Analyst. He expresses respect for traditional financial businesses, but became frustrated by their transactional focus, and also by his own financial life - he had 7 brokerage accounts, invested in Enron, and finally concluded that the industry encourages the wrong investor behaviors, especially in trying to "beat the market." He'd studied both economics and human behavior in college (before behavioral economics caught on) and realized that his interests lie at the intersection of behavior, psychology, and economics. He remembers a professor saying "how crazy people can be, and how very often they would get in their own way, and how even when we wanted to do the right thing, we would do the wrong thing." He also says he always knew he wanted to do "something big." So in 2008, he founded Betterment. Betterment is now the largest independent "robo-advisor," with $4.3 billion in assets under management and 150,000 customers. I've interviewed many founders of startups on Barefoot Innovation, but this is the first one that runs commercials on television. Betterment aims to optimize investment through automation that produces sound advice for the long term, and that also makes the process both easy and more affordable. It builds around what Jon considers the MOST important advice -- which is too often overlooked, namely -- "How much to save?" The company has also taken on the "behavior gap" in financial advice - Betterment has the lowest in the industry and is trying to drive it to zero. They are also constantly driving for efficiency gains (his colleagues say if you want to sell Jon on an idea just tell him it will increase efficiency), and for fee transparency. They think this combination of strengths - being advice-centric, transparent, and hyper-efficient -- will revolutionize the investment world. They also think their model, over time, can be applied to a much broader set of financial services. As Jon's biography puts it, "What excites him most about his work is making everyday activities and products more efficient, accessible, and easy to use." One highlight of our conversation is his insights on the thorny questions of how these innovations should be regulated, including on the advice given, how data should be used to be sure it's helping customers, and how performance should be measured.   Note on upcoming podcasts Click below to donate your "buck a show" to keep Barefoot Innovation going and growing. (If you didn't hear my explanation on this, it's at the end of the previous episode, with Raul Vazquez of Oportun). Support the Podcast Upcoming shows are going to be so interesting. Keying off Jon Stein's thinking on human behavior, we'll have an episode with one of America's top experts in how behavioral economics impacts investment and retirement savings, Harvard Professor Brigitte Madrian. I'm delighted to say Brigitte is also my faculty advisor on the book I'm writing on financial innovation and regulation for my Harvard fellowship this year. We're also working on a fascinating show on innovation emerging in the insurance sector, dubbed, "insure-tech." Other guests in the queue include some of the country's most thoughtful bank compliance officers, and the very thoughtful founders of Bee. Note on Regulation Innovation Briefing Series Meanwhile, click here to explore my Regulation Innovation briefings, while you still can for free!  The briefings are short monthly videos, each paired with a deep article about the twin and intertwined challenges of financial innovation and regulation. They are still free for a few more weeks, and then the series will be for subscribers, so please check it out. As I said last time, these articles are the most important and valuable thing I've ever written. I hope you'll join the journey. Subscribe to Our Mailing LIst Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you!

Mr. Jon Stein, CEO of Betterment joins us this week on My Way Podcast. While we cover a wide range of topics, we focus specifically on how Betterment changed from idea phase, to launch, to present day - The support of Mr. Stein's peers - End Goals- and then finally, the future!

In 1967, the Beatles sang: "I get by with a little help from my friends." That sentiment captures something at the heart of many people's financial lives today, and it embodies the idea behind the National Foundation for Credit Counseling (NFCC), the oldest and largest nonprofit credit counseling organization in the U.S. I have known Susan Keating, NFCC's President and CEO, for about 30 years. I've been wanting to record a Barefoot Innovation episode with her, because the NFCC is on the front lines of the topics we're exploring here. They work directly, personally, with the people who are not thriving in our consumer financial system. The reasons people don't thrive are complex. We've talked about a lot of them, and I find it's easy to get excited about new technologies or regulatory challenges impacting them, and to lose sight of the real people who are immersed in these struggles. Helping these people is the driver behind much of the search for better solutions by industry, government, and the innovation world, and it's good to pause and think about who they are. As we discussed with CFSI's CEO Jennifer Tescher LINK TO IT, the so-called "underserved" market is enormous -- estimated between 70 and 140 million Americans -- and covers a huge percentage of the middle class. It is also heterogeneous. Data from NFCC, CFSI and others is breaking the old stereotype of a monolithic "low and moderate income" category whose problem is just not being able to afford traditional financial services.  Many underserved consumers, in fact, can afford to pay for high-cost financial services, and are doing so, but are stuck there due to a wide array of issues. Some of their problems are caused by their own errors and difficulties. Some are caused by the difficulties of serving them through the business models and cost structures that prevail in the industry today. Some are a mix of both. Both of these kinds of problems are ripe for improvement today, thanks to the innovations we discuss here on this show. I think, though, that we'll still have a big gap between new financial solutions and the people who need them, unless we build some bridges -- add in some glue -- in the form of human beings who can help people learn to use new technology. NFCC is one of the key organizations able to do this. Susan talks about all this in our conversation. She describes the massive scope of the challenge; the "new face of poverty" in the United States; the NFCC's focus on "breadwinner moms;" and its key new initiative for helping people manage student debt, with a insight into the daunting scope of that challenge. Susan's background: Susan began her banking career in 1974 at First Bank System in Milwaukee, where she became Senior Vice President of retail banking. In 1988 she joined MNC Financial in Maryland and later became President and senior banking executive for Maryland when NationsBank (Bank of America) acquired MNC in 1993. She went on to become the highest-ranking female CEO of a US-bank holding company, as President and Chief Executive of All First Financial from 2000-2002. Then in 2002, she was appointed to the Group Executive Committee of AIB (Allied Irish Banks plc), which is responsible for developing corporate strategy and overseeing management of AIB Group. In 2004 she took on the role of NFCC President. She thought is was a short term move but, to her own surprise, she's still there twelve years later, caught up in the mission. Upon reappointment after her first three-year term, she said, "The NFCC is uniquely positioned to serve the many consumers who are struggling to make ends meet and find their way to a better financial future. I am deeply committed to doing all that I can in order to lead the efforts in the years ahead." Susan also serves on Bank of America's National Consumer Advisory Council; is a board member of the Council on Accreditation; and participates in the Financial Regulation Reform Collaborative, a non-partisan group committed to finding solutions for reforming financial services regulation. NFCC: Last fall I had the honor of joining the NFCC's board on the occasion of the organization's 50th birthday. Today the NFCC works with 90 member agencies through more than 750 offices in communities nationwide. Its certified counselors counsel and provide financial education to three million clients annually, focusing on issues that include seniors and the military and guidance relating to financial literacy, mortgages, and credit cards. It recently launched a key initiative on helping people with student debt, and in helping illuminate that magnitude of that challenge, and plays an invaluable role in consumer financial research overall. Here are some links: 2015 Consumer Financial Literacy Survey 2015 State of the Financial Counseling and Education Sector Student Credit Counseling initiative  Enjoy my conversation with someone on the front lines -- NFCC's CEO Susan Keating. And please note: The video series is launched!  Please come to my new site www.RegulationInnovation.com  where we have launched my video briefing show. It's a practical guide for financial companies trying to figure out how to thrive on disruption-to thrive through the twin, intertwined challenges of technology disruption and regulatory disruption. We're off to a terrific start with the series. The next video will be called, "The 5 Tech Trends." I made it because I think financial people often underestimate the disruption underway, because we tend to think of fintech as a financial topic. In reality, it's mainly a technology topic. That means the forces shaping it lie mainly in the tech world, not the financial world. That in turn means they are mostly over the horizon, outside the field of vision of busy people focusing on finance. I've been spending a lot of time in that world, and am creating this video to explain what these five huge drivers are, how they are converging, and how they will transform both consumer financial services and financial regulation. Again, fintech is way more about "tech" than "fin." I'll also have a light-hearted short video for your entertainment, brought to you from my very own kitchen. I'm going to demonstrate an extremely odd little gadget that contains a big lesson for innovators. Coming episodes: Last but not least, come back next time to Barefoot Innovation, when my guest will be the visionary CEO of Opportun, Raul Vazquez. Among other things, he is totally fascinating on the topic of how he personally keeps up with technology. Up next in the queue after Raul, we'll have a short update with Simple CEO Josh Reich, and then an interview with the founder and CEO of Betterment, Jon Stein. See you soon! As always, please donate to my free podcast series (which seems to be trying to take over my life) and please write a review of it on ITunes! Support the Podcast Subscribe to Our Mailing List Be sure sign up for email notifications on the videos and podcasts and major blog posts if you haven'tdone so yet, at jsbarefoot.com. Email Address Sign Up We respect your privacy. Thank you!

Can you get a true understanding of a client's risk tolerance and place them in a portfolio with the appropriate portfolio risk by asking a few simple subjective questions? Robo Advisors Betterment (see my interview with Betterment founder Jon Stein) and Wealthfront believe they can but today's guest, Aaron Klein, co-founder of Riskalyze, believes those firms have it all wrong. Aaron's firm tackles the risk tolerance and portfolio risk challenge from a different angle by utilizing concepts borrowed from Prospect Theory. Prospect Theory was developed by Daniel Kahneman and Amos Tversky and essentially says, "People value gains and losses differently and, as such, will base decisions on perceived gains rather than perceived losses. Thus, if a person were given two equal choices, one expressed in terms of possible gains and the other in possible losses, people would choose the former." Source. We had a fascinating discussion about how investors deal with risk and we capped it off with some thoughts about the future of the financial advice business. Aaron has strong opinions and he has the smarts to back them up. Don't miss this episode with Aaron Klein of Riskalyze.

This week Jeremy sits down with Jon Stein, Founder & CEO of Betterment, an automated investing service that helps clients better manage and grow their wealth through smarter technology for a fraction of the cost of traditional financial services. Download this week's episode to hear Jon's journey as a Columbia Business School grad passionate about using technology to better align customers with their financial institutions and why the New York Times named Betterment one of the next "startup unicorns".

Tune in today for an exclusive interview with an industry insider: CEO of robo-advisor platform Betterment, Jon Stein. Brian and Jon talk about everything from the future of the financial advice industry to how Betterment goes beyond technology to help its investors. You don't want to miss this episode of The Money-Guy Show!

In my Ask Farnoosh episodes I received a number of questions from  you about financial advisors. How do I know I’m ready to work with one? How much do they cost? Is it worth it? I also receive a number of questions about the growing market of “robo advisers” or online advisors that offer more affordable financial planning. You don’t get to meet with an advisor one-on-one but you receive a virtual plan that addresses your goals…And many people are participating. ..Still many are not sure if this is right for them. That’s why I’ve invited today’s guest…co-founder and CEO of Betterment, Jon Stein.  Betterment launched in 2008 and is, as the company says, “a smarter automated investing service that provides optimized investment returns for individual, IRA, Roth IRA & rollover 401(k) accounts… Through diversification, automated rebalancing, better behavior, and lower fees, Betterment customers can expect 4.30% higher returns than a typical DIY investor.” The company also practices automation and passive investing. It’s free to sign up and as your account  balance grows, so does your monthly fee…But it is significantly cheaper than a traditional account fee. Back to Jon, he comes from a background in financial services…and is a graduate of Harvard University and the Columbia Business School.  In addition to holding Series 7, 24 and 63, he is a CFA charterholder.

#196: Jon Stein from Betterment and I discuss robo-advisors, why Betterment is so different, and what it takes to open an account. Use  to receive 30 days FEE FREE investing at Betterment Full show notes at   _______________________________________  M.J. Cossel wrote in about an article she read in the Dallas Morning News: Bad credit score can double insurance premiums in Texas  My response: Yes. Poor credit scores equal higher insurance premiums - but that’s only one consequence of not paying bills and debts on time. Make it a priority today to get your checkbook balanced, organize your finances, and pay attention - not ___________. If you want a sure-fire way to make every dollar work harder then get on a budget     

Jon is the CEO and co-founder of Betterment. He's a graduate of Harvard and Columbia. Prior to starting Betterment, he consulted many of the biggest banks in the world where he saw many issues that led him to start a technology driven online investing company. Below are two free resources to IGNITE your Entrepreneurial journey!FreePodcastCourse.com: A free 15-day course that will teach you how to create, grow, and monetize YOUR Podcast!TheWebinarCourse.com: A free 10-day course that will teach you how to create and present Webinars that convert!

Consumers are getting spoiled with services like Uber, Airbnb, Netflix, and the iPhone and they expect the same level of ease and access when working with an advisor. If you don’t deliver it, you’ll lose clients to advisors who will. In today’s podcast, I discuss the conversations I had in New York last week with Betterment founder and CEO Jon Stein, Personal Capital co-founder and CEO Bill Harris, and the on-stage duo of Ric Edelman, chairman and CEO of Edelman Financial Services and Bill Bachrach, founder and CEO of Bachrach & Associates. You’ll learn… How Betterment’s RetireGuide is the latest example of a Robo firm quickly moving up the complexity scale and digitizing what used to be solely done by financial advisors. The one thing both Jon Stein of Betterment and Bill Harris of Personal Capital told me financial advisors should be scared of. What Jon Stein thinks of the traditional 1% AUM fee and his take on Vanguard’s new hybrid advice offering. The metrics behind Personal Capital’s conversion of clients from account aggregation to directly managed assets. Why Ric Edelman firmly believes half of all financial advisors will be gone within the next 10 years and what you can do to NOT be one of them. What Ric Edelman believes the advisor/client relationship will look and feel like in the future. My main reason for visiting New York last week was to attend Singularity University’s Exponential Finance Conference. Today’s podcast is the first of two podcasts that will address some of the things I heard at this event. While some of the things discussed at the event were “way out there,” my role is to connect the dots and translate what I’m hearing and seeing into practical ways for you to grow your business and make it more profitable.

On this episode of People of Purpose, Johanna speaks to Jon Stein, founder and CEO of Betterment about his journey in starting Betterment, building a happy team, and the art of growing both in a meaningful way.

JON STEIN, CO-FOUNDER AND CEO OF BETTERMENT, TELLS HOW HE co-founded the company and built it into one of the fastest growing and most innovative investment firms in the country. It’s a great story about how a smart guy with a timely idea can marshall the resources and build a company that is reshaping how business is done in the investment world.

The first so called Robo Advisor I recall is Betterment. Several years ago I met its founder, Jon Stein, and recently interviewed him for the podcast. Since then I’ve used or evaluated Motif Investing, Acorns, Wealth Front, Future Advisors, and JemStep. I’ve also used extensively the free Financial Dashboard offered by Personal Capital. It was […] The post DR 132: Robo Advisors–The Pros and Cons appeared first on The Dough Roller.

Jon Stein

Betterment CEO Jon Stein gives us a  behind the scenes look at how the company operates and makes your money work for you.  Betterment is an automated way to invest your money based on your goals and time frame. Answer a few simple questions and Betterment will set up a diversified portfolio that is managed for you.  After studying economics and human behavior, Jon started his career consulting for banks.  He saw that they didn’t care about customers and their products were almost designed to help people fail.  He experimented with several brokerage companies and couldn’t find what he was looking for.  So like all good entrepreneurs, he decided to make what he couldn’t find elsewhere himself.  A company that made it easy to invest and served the client, not the bottom line.  That’s how Betterment was born.  A listener asked why Betterment is better than Vanguard given that Vanguard has better fees.  Betterment does some things that Vanguard does not.  Betterment invests in fractional shares, each time you deposit money into Betterment, your account is automatically rebalanced in order to lower taxes, and  Betterment does tax loss harvesting. We advocate keeping your emergency fund in an investment account.  In Betterment, short term money will be invested more conservatively.  If you leave an employer who provided a 401K, roll it over into a Betterment IRA.  Many times, once you leave an employer, you will be charged a higher fee for the management of the 401K.  It takes about seven days to do a roll over with Betterment, the industry average is thirty days. Jon sees Betterment moving into the same league as companies like Vanguard and Fidelity in the next ten years and managing over one trillion dollars.  And when that day comes, we’ll be able to say we knew him when. The Betterment Experiment Check out our experience using Betterment with our own money: Show Notes Betterment:  See for yourself what we discussed today.  Use this link and your first six month of investing are free. Boulevard Unfiltered Wheat Beer:  A lively, refreshing ale sent to LMM from listener Drew! Nudge:  Improving Decisions about Health, Wealth and Happiness: A new look at how we make decisions. The Winner’s Curse:  A look at the difference between how people should act economically and how the actually act. Thinking, Fast and Slow: The hidden things that influence the way we think and make decisons. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Stein knew there was a better and easier way for people to invest.  Following his dream he founded Betterment.com which has almost 500 million under management.   Here's his story. 

Several years ago I met Betterment’s founder and CEO, Jon Stein. At the time, Betterment was just getting started, and we had a chance to talk about what Betterment offered investors. Since then Betterment has grown significantly, with over $500 million under management. To find out what is new and to learn more about Betterment, […] The post DR 070: Investing Made Easy – An Interview with Betterment Founder Jon Stein appeared first on The Dough Roller.

Jon is the CEO and Co-founder of Betterment. He's a graduate of Harvard and Columbia. Prior to starting Betterment, he consulted several of the biggest banks in the world. During this time he saw many issues that led him to start a technology-driven online investing company.

I love what Jon Stein's doing over at Betterment. If you're afraid of investing, you should listen to this. If you want to be lazy about your investing, you should listen to this.