MiB: Sarah Kirshbaum Levy, CEO Betterment – The Big Picture

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This week, we converse with Sarah Kirshbaum Levy, chief government 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 shopper 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 a web-based digital asset supervisor.

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

She needs Betterment to be the Millenial and Gen Z model in wealth administration the identical approach Schwab and Constancy had been to her mother or father’s technology.

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

You may 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 could be discovered right here.

You should definitely take a look at our Masters in Enterprise subsequent week with Tom Hancock, Grantham, Mayer & Otterloo‘s head of the Centered Fairness crew 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 high 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.