Engine No. 1’s Move To Transform Retail Investing with Betterment

About this event

In May, Engine No. 1 convinced some of ExxonMobil’s largest shareholders to embrace a new direction for the company. Now the team has its sights set on bringing retail investors into its mission of creating sustainable long-term value, and is launching the Engine No. 1 Transform 500 ETF. Betterment, the largest independent digital investment advisor, will be integrating the fund into all of its socially responsible investing strategies.

The Transform 500 ETF tracks a market cap-weighted index of the 500 largest U.S. stocks, but differentiates itself by seeking to instigate positive change for stakeholders through proxy voting and “active ownership” - votes we cast, campaigns we run, and the investors we bring with us. Betterment will be making the fund available to retail investors, 401(k) plan participants, and advisory firms through its SRI strategies.

JUST Capital CEO Martin Whittaker will join Engine No. 1’s ETF leads, Michael O’Leary and Yasmin Dahya Bilger, and Betterment’s SVP of Operations, Boris Khentov to explore how Engine No. 1 plans on engaging America’s largest corporations, why Betterment decided it was a great fit for their customers, and how the project fits into the larger discussion over the future of American capitalism.

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Bios:
Michael O'Leary
Michael was a founding member of Bain Capital Double Impact and an investor with Bain Capital’s private equity funds. He is the author of “Accountable: The Rise of Citizen Capitalism.”

Yasmin Dahya Bilger
Yasmin has spent her career working across capital markets and asset management businesses. Previously, she helped build J.P. Morgan’s ETF business and ran its product specialist team across U.S. factor-based and market cap strategies.

Boris Khentov
Boris Khentov is the SVP of Operations and Legal Counsel at Betterment. Boris was an early employee, bringing a mix of engineering and legal experience to a leadership role, working closely with teams of software engineers to automate and scale Betterment’s back office operations across multiple regulated entities. He is a member of FINRA’s internal FinTech Advisory Committee, advising on emerging issues in financial technology. Before joining Betterment, Boris practiced tax and capital markets law at Cleary Gottlieb Steen & Hamilton LLP, and has a J.D. from Northwestern Law. Prior to that, Boris was a software engineer at Antenna Software, and has an A.B. in Computer Science from Harvard University.

Betterment Legal Disclosures:
https://www.betterment.com/legal/company-description/

Engine No 1 Legal Disclosure:
While Engine No. 1 may seek an active ownership approach, there are regulatory restrictions applicable that may limit the nature and extent of engagement in certain circumstances. Nonetheless, Engine No. 1 intends to seek opportunities where possible to employ its active ownership beliefs, while being mindful of such regulatory limits.

Engine No. 1 ETF information, prospectus and risks:
https://etf.engine1.com

Investing involves risk. Principal loss is possible.
Distributed by Foreside Financial Services.