Betterment sees record Q1 as GameStop ‘shines a light’ on investing


Betterment launched a new savings option in 2019.

Source: Betterment

Trading apps aren’t the only ones benefiting from the rise of meme stocks.

Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite offering so-called passive investing and not allowing clients to hand-pick stocks, Betterment’s CEO, Sarah Kirshbaum Levy, said excitement around GameStop and “gambling” on markets during the Covid pandemic still boosted business.

“What it’s done is shine a light on investing generally,” said Levy, a former ViacomCBS chief operating officer, who took over the role in December. “Strategically, we’re very different from other players in the market,…


Billionaire Jeff Greene says this housing boom is in a bubble, too

Previous article

Amazon’s ‘Lord of the Rings’ will cost at least $465 million

Next article

You may also like

Leave a Reply

Notify of

More in Finance