John Stein
Founder & Chairman, Betterment. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestor
Jon Stein founded Betterment in 2008, pioneering the automated digital wealth management industry. He served as the company's CEO before becoming Chairman of the Board and later co-founding Warmer.
1shows
1appearances
16statements
10resolved
7supported
2contradicted
70%fully supported
Everything John Stein said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Stein: Warren Buffett does not practice his own passive investing advice
“He's, he doesn't do what he preaches, right? He's an active investor himself.”
Stein: Betterment's 0.25% fee is more than offset by tax optimization
“I would compare an all in net return number, and I would think about that .2 to five percent being more than made up for in the tax optimizations alone, plus the behavioral optimization, the diversification, and the ease of use that we give you are worth a lot…”
Stein: Betterment is outgrowing historical adoption of ETFs and discount brokerages
“If you look at the growth of ETFs, we're growing faster than ETFs took off. If you look at the growth of say discount brokerages, we're growing faster than that.”
Stein: Betterment plans to IPO rather than sell to an acquirer
“We've always said we're going to make it a public company. We've always had our sights set on the long term. We're building an institution for the next century. We're not interested in selling out right now.”
Stein: Betterment is the largest independent online investment advisor
“Betterment is the largest independent investment advisor online.”
Stein: Betterment charges 0.25% AUM fee, lowest in industry
“It's .25%, which is the lowest in the industry, and by charging this one clear transparent fee we align ourselves with the customer.”
Stein: 80% of his Harvard graduating class entered finance
“80% of the graduating class from Harvard went into finance of some sort.”
Stein: Financial services captured 40% of US corporate profits in early 2000s
“At that time, 40% of all the financial profits in the U.S. Were coming from financial services.”
Stein: Over 50% of Betterment customers join via word-of-mouth
“More than 50% of our customers, when they, when we ask, how did you hear about us? They say it was a friend.”
Stein: The 0.25% advisory fee is Betterment's sole revenue source
“That's it. That's our only source of revenue. That's all we do.”
Stein: Betterment's initial funding was under $400,000 from founders, friends, and family
“It was less than 400,000 dollars that we pulled together from ourselves and friends and families.”
One line per show, most statements first. The link opens John's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Founder & Chairman, Betterment | 1 | 16 | 70% 7/10 | full record on Top Founders → |