Limited time offer: Sign up today and get up to 1 year managed free. See details

Get your next rollover managed free in 2018. Learn how to enroll

Dealbreaker

Fintech Startup Now Old Enough To Hire Schwab Executives

By Thornton McEnery

Sure, online investment platform Betterment has managed to grow its assets under management to roughly $4 billion since coming into existence in 2008, and yeah, it’s now touting a valuation in the neighborhood of $700 million after raising $100 million Series E round last month.But if you’re a Fintech startup really looking to prove that you’re a serious adult investment company, there’s really only one thing to do:

Less than one month after an investment round that doubled its private valuation to around $700 million, the robo-adviser Betterment is adding a former top executive from Charles Schwab, John S. Clendening, to its board.

Read the Original Article

This article originally published April 12th, 2016 on Dealbreaker