13th June 2024

This week, we communicate with Sarah Kirshbaum Levy, chief govt officer of Betterment, an impartial digital funding adviser with $40 billion in belongings beneath administration. Earlier than becoming a member of Betterment, Kirshbaum Levy was chief working officer of Viacom Media Networks, the place she oversaw world technique, finance and operations. Beforehand, Levy served as COO at Nickelodeon, the place she spearheaded Nickelodeon’s entry into new segments, together with client merchandise, resorts, Broadway and theme parks, and subscription video on demand.

She discusses how her carrer in media branding and advertising was an ideal background for an internet digital asset supervisor.

Kirshbaum Levy additionally explains how the digital booms and busts that inspire incumbent gamers happen in each sector — together with the digital wealth administration house. Simply as Amazon pushed Walmart into providing an internet platform, she expects Betterment to push innovation that may power the incumbent gamers like Blackrock and Vanguard into maintaining with them from on-line to cell to AI.

She desires Betterment to be the Millenial and Gen Z model in wealth administration the identical method Schwab and Constancy have been to her mum or dad’s era.

An inventory of her favourite books is right here; A transcript of our dialog is offered right here Tuesday.

You’ll be able to stream and obtain our full dialog, together with any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts in your favourite pod hosts will be discovered right here.

Make sure you take a look at our Masters in Enterprise subsequent week with Tom Hancock, Grantham, Mayer & Otterloo‘s head of the Centered Fairness staff and High quality Methods. He’s the portfolio supervisor for the High quality Fund (GQETX). The enjoyable has returned 13.43% yearly over the previous decade (versus 12.03% for the S&P 500), placing it within the prime 1% of friends, and is a Morningstar 5 Star, Gold-rated. He oversees an exchange-traded fund US High quality Fairness ETF (QLTY) — the primary retail product from GMO since its launch in 1977.

Sarah Kirschbaum Levy Books

All of the Gentle We Can not See by Anthony Doerr

Demon Copperhead by Barbara Kingsolver

Elon Musk by Walter Isaacson

Books Barry Talked about

Loonshots by Safi Bahcall

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