Jonathan "Jon" Stein is an American fintech entrepreneur. He is the founder and chairman of Betterment, the largest independent online financial advisor in the U.S., with over $18 billion in assets under management. Stein served as chief executive officer from Betterment's founding in 2010 until December 2020, when he was succeeded by Sarah Levy. Under the umbrella of Betterment Holdings Inc., Stein manages Betterment's core retail platform, often referred to as a "

robo-advisor Robo-advisors or robo-advisers are a class of financial adviser that provide financial advice and investment management online with moderate to minimal human intervention. They provide digital financial advice based on mathematical rules or algorith ...

"; a

401(k) In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodical employee contributions come directly out of their ...

platform called Betterment for Business, and a digital advisory platform called Betterment for Advisors. Stein received his B.A. from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

and MBA from

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

. Stein launched Betterment in 2008 at

TechCrunch TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately ...

Disrupt and made it to the final five in the Startup Battlefield competition the same year. An outspoken critic of some traditional financial practices, Stein has become a recognized industry advocate for more transparency in investing and more customer-centric financial solutions, as well as public policy issues, such as the U.S. Department of Labor's fiduciary rule for retirement plans. In 2016, Stein was awarded the 27th spot on Fortune's 40 Under 40 list.

References

American financiers American stock traders American investors American chief executives of financial services companies American financial analysts Harvard University alumni Living people Year of birth missing (living people) {{US-CEO-stub Columbia Business School alumni