Jonathan Stein Built Betterment To Help Investors Make Better Decisions
By Bruce Rogers
Robo-advisors that automate asset allocation and portfolio management, giving mainstream investors access to services once reserved for high-net worth individuals, have surged in popularity. According to BI Intelligence, some $1 trillion in financial assets will be managed by robo-advisors by 2020, growing to $4.6 trillion by 2022. The exponential growth in algorithmic-based investing tools owes its genesis in many respects to Jonathan Stein, founder and CEO of Betterment.