Betterment: Using a Challenger Mindset for Market-Leading Growth
Michael Reust, president of Betterment, shares how Betterment is using a challenger mindset to future-proof earnings and growth.
Banking Transformed with Jim Marous · Evergreen Podcasts
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Show Notes
Launched shortly after the 2008 financial crash, Betterment pioneered robo-advisory services and opened the door for individuals to manage their money without the engagement of traditional financial advisors.
Despite tremendous growth, a valuation of $1.3 billion in 2021, and a customer base of more than 700,000 customers, limited market potential and increased competition impacted the potential for long-term sustainable growth. This prompted Betterment to expand services offered and markets served.
My guest on the Banking Transformed podcast is Michael Reust, president of Betterment. Mike shares how Betterment is using a challenger mindset to future-proof earnings and growth.