News, Vision & Voice for the Advisory Community


Jon Stein ousts himself as Betterment CEO and taps Sarah Levy, who joins an exclusive club of top women executives, with a mission -- an IPO

The co-founder of the New York robo-advisor headhunted the ex-Viacom brass through Harvard professors on the down low to ostensibly scale operations.

Author Brooke Southall December 8, 2020 at 5:27 PM
no description available
[Sarah Levy and] Jon Stein: 'The time has come for someone else to lead the company through its next stage of growth.'



December 8, 2020 — 7:51 PM
Imagine having 25B AUM and still not a penny of profit. Can that really have been the business plan?


December 15, 2020 — 8:00 PM
They don't turn a profit yet because they are still investing heavily in the business and that's why it has grown so much, so quickly. Come on Dave, I expected more from a varsity letterman

Related Moves

Second Betterment exec departs as new CEO Sarah Levy orients to her first month on the job and is confronted by personnel matters

Chief operating officer Dustin Lucien is the latest to leave the New York City robo-advisor, one of at least eight positions open as it prepares a push across multiple business lines to ignite growth.

January 19, 2021 at 6:32 PM

Mentioned in this article:

Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein

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