Stashaway - Growing AUM Rapidly, But Will It Be Profitable?
Michele Ferrario, Co-founder and CEO, Stashaway
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Stashaway hit an AUM of $1 billion much faster than US-based roboadvisor pioneers Wealthfront and Betterment. While impressive, this won't mean much if it can't turn a profit.
Roshan Kanesan speaks to Stashaway CEO and Co-Founder Michele Ferrario to discuss the path to profitability, whether they can mirror Betterment and Wealthfront growth rates (which now have around $21 billion in AUM), IPO plans, possible partnerships, what competitors keep Michele up at night, and more.
Background Photo Credit: Shutterstock.com
Michele Photo Credit: Stasahaway
Produced by: Roshan Kanesan
Presented by: Roshan Kanesan
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Categories: Business Analysis, Trends and Forecasts, Markets, Personal Finance, Investments, Financial Literacy, Social Issues
Tags: Roboadvisor, Digital Investing, Digital Investment Manager, AUM, IPO, Profitability,