After famous Twitter feud, Jon Stein and Michael Kitces make up and join forces
As XY Planning Network hits 61 members, its co-founder bets that Betterment Institutional is the best platform for his mostly younger RIAs
Related Moves
Alan Moore is the No. 2 busiest man in the RIA business and he just convinced the No. 1 busiest man to budget $200,000 to hire a 'rockstar' to replace him
Alan Moore is CEO of both XY Planning Network and AdvicePay -- and he has three young kids; Michael Kitces agreed to let him hire a full-time replacement CEO for AdvicePay -- with some giant reqirements for the new exec.
February 14, 2023 at 3:15 AM
Five RIA Doubletakes: An RIA-only law firm breaks away • Kitces launches picker of 'best of breed' RIA software bundles • Vanguard targets 2070 just as media targets TDFs • SEC fishing for RegBI Scofflaws, including RIAs • CFP appoints first African-American chair
RIA Lawyers will reject RIA custodians• Kitces Nascar montage is now interactive and helpful • Vanguard's super long TDF draws critics• SEC supply lines are stretched with new battle front • Kamila Elliot is ex-DFA, diverse and calling CFP shots
January 12, 2022 at 3:13 AM
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.
December 8, 2020 at 5:27 PM
Michael Kitces and Adam Birenbaum are now on the same $50-billion Buckingham team after the blogger called the young CEO with a multi-pronged proposal
Kitces is leaving Pinnacle - after 17 years - for fewer conflicts and more opportunity
March 12, 2020 at 1:45 PM
Kitces.com
Consulting Firm
Top Executive: Michael Kitces
Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein
Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts
Bill Winterberg
Let’s not forget about the Kitces Diet Coke compulsion to follow the three cups of coffee!
Mike
Brooke, great reporting as always! It is quite funny how institutional all of the robo-advisor 1.0s have become. One minute they are going to put thousands out of work, calling them pigs, and trying disrupting the industry, next minute they become part of the industry,=. Nothing really wrong with it, just funny how that works in the startup space as companies raise more capital :)
Hedgeable is rolling out a robo-advisor 2.0 partner solution as well. It is like Betterment’s option but with tactical investing strategies, hedging, downside protection, and access to alternatives. https://www.hedgeable.com/partner
Stephen Winks
Wouldn’t it be great if “robo-advisors” were to actually get into advice in a serious way. The need for improvement is immense as there presently is no reference point to high level expert, authenticated, individualized advice. There are big holes in what robo advice does not do.The replication of the broker approach to advice which simply sells advice as a product, can cut as much as 90% of the cost out of a very low threshold of advice, but does not approach professional counsel. That will come with time and experience many years from now..
SCW
