Finance

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

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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,…



Source cnbc.com

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