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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI208: The Finance Super App w/ Brian Barnes

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 16 August 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:10 - What led Brian to start M1 Finance and what sets them apart from industry titans like Vanguard and Fidelity. 07:11 - How M1 Finance is providing features to retail investors that are traditionally only provided to the ultra-wealthy. 10:32 - How M1 Finance’s borrowing feature works. 21:13 - Brian’s thoughts around trading and speculating versus long-term investing. 26:04 - How cryptocurrencies play into M1 Finance’s vision. 35:40 - How Brian envisions the fintech industry evolving over time. 39:18 - Why Brian purchased a 119-year-old bank. 41:19 - How M1 Finance adapted to remote work. 43:57 - Brian’s biggest lesson in starting and building a company. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out M1 Finance. Related Episode: Studying Billionaires & Portfolio Allocation w/ Trey Lockerbie - MI184 Related Episode: Just Keep Buying w/ Nicholas Maggiulli – MI157 NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Brian: Twitter | Instagram  Connect with Clay: Twitter  | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!   Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:03.0

I was super fortunate for the early team, many of which are still with the company.

0:07.0

Like, they bring on additional great people.

0:10.0

Those great people bring on additional great people.

0:12.0

And so it really is the spreading network effects of the individuals that you bring on at the company,

0:17.0

that the company is nothing more than the individuals at it working on a shared problem.

0:24.3

On today's episode, I'm joined by M1 Finance founder and CEO Brian Barnes.

0:30.4

M1 Finance is a personal finance platform that offers the best of digital investing, borrowing, and banking.

0:37.4

After starting just seven years ago

0:39.2

in 2015, over half a million people use M1, and they manage over $6 billion. During this episode,

0:47.4

Brian and I chat about what led him to starting M1 finance and what sets them apart from

0:52.4

industry titans like Vanguard and Fidelity, how M1 Finance is what sets them apart from industry titans like Vanguard and Fidelity.

0:55.6

How M1 Finance is providing features to retail investors that are traditionally only provided

1:00.8

to the ultra wealthy.

1:02.6

How you can borrow against your investment account on M1.

1:06.1

How cryptocurrencies play into their vision.

1:08.9

How Brian envisions the fintech landscape evolving over time,

1:12.9

Brian's biggest lessons in starting and scaling a company to 300 employees, and so much more.

1:18.7

I'm personally a user of M1 and a big fan of their platform.

1:22.7

Even if you're not interested in switching investment platforms, I can promise you this will be a

1:27.4

very interesting

1:28.1

conversation as we chat about the future of fintech, as well as what it takes to start and grow

...

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