Seth Wunder, CFA, is the Chief Investment Officer & Chief Financial Officer at Acorns, one of the largest subscription services in U.S. consumer finance specializing in making micro-investing accessible to everyday Americans. At Acorns, Wunder manages investment products, investment operations, and compliance, as well as oversees the finance and accounting, legal, and business departments. Before Acorns, he founded Los Angeles-based black-and-white Capital LP as its sole Portfolio Manager and was a Founding Partner and Portfolio Manager at Contour Asset Management LLC in New York. Wunder started his career in finance more than two decades ago as an Equity Analyst at Morgan Stanley Investment Management.
With over 20 years of experience, Wunder has a proven track record as a billion dollar hedge fund founder, entrepreneur, and established portfolio manager. He is an authoritative voice in the current financial market and fintech landscape who can speak to a variety of topics including crypto, AI in fintech, how to educate children about money, making investing accessible to all, navigating the current economic climate, how to diversify portfolios, and more. At Acorns, Seth's focus is on empowering everyday Americans to become active investors through saving and investing their spare change.
At Acorns, Seth's focus is on empowering everyone to become active investors through saving and investing their spare change and can speak to Acorns’ growth and offer tips on how people can start small and grow their money portfolio.
US equities (^GSPC, ^DJI, ^IXIC) continue to react to February's Consumer Price Index (CPI) reading as many on Wall Street speculate how this will affect the Federal Reserve's monetary policy decisions. Acorns CFO and CIO Seth Wunder joins Yahoo Finance to discuss how February's CPI report and potential Fed decisions are affecting everyday investors. In terms of how he sees his customers investing during uncertainty in the market, Wunder states: "We're seeing net inflows being quite strong. And so customers are reacting to the economic backdrop. I think sitting on cash for the vast majority of people doesn't make a lot of sense when you think about planning for your future. I think our customers have done a good job of listening to the education that we put into the market." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance...
October is Financial Planning Month, a key motivation for younger Americans as student loan repayments have also resumed this month. Acorns CFO and CIO Seth Wunder discusses the financial services company's style of guiding its clients to consider their own savings goals while investing. "We built our brand off roundups and the ability to invest in the long-term compounding of the market, but we've done it in a brand-focused way where people really feel that we're trusted advisers for them," Wunder says, "and allow them to take the appropriate risk for wherever their life stage is and what their suitability is." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.