Kinnevik Results Presentation Deck
FINANCIAL SERVICES HAS BEEN NEGATIVELY IMPACTED BY HIGH MARKET VOLATILITY
► The dramatic correction in the equity markets has negatively impacted AUM, but the
company has a loyal customer base and is seeing a steady inflow of deposits
■
Betterment's short-term performance and AUM has been negatively impacted by the
extreme market volatility
However, the company has a loyal and engaged customer base and a steady inflow of
deposits and engagement
Has implemented measures to save costs in the short-term
Assets Under Management (USDbn)
Better
ment
16.6 17.7
19.5
21.5
18.4
Q1 Q2 Q3 Q4 Q1
2019 2019 2019 2019 2020
Customers ('000)
420
Q1
2019
437
465
480
506
Q2 Q3
Q4 Q1
2019 2019 2019 2020
Market volatility is negatively impacting our financial services companies,
but Betterment has a loyal customer base and a continued steady inflow of deposits
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