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Robo Advisor qplum Adds Wharton Professor, Ex-Goldman Sachs Portfolio ManagerRobo Advisor qplum Adds Wharton Professor, Ex-Goldman Sachs Portfolio Manager

Targeting institutional assets, qplum’s personnel additions signal new growth goals.

Samuel Steinberger, Senior Technology Editor

September 18, 2018

1 Min Read
Wharton professor Michael Steele
Michael Steele

Automated investment platform qplum is adding Wharton statistics professor Dr. J. Michael Steele as an advisor to its quantitative research team, the company announced. The fintech startup is also bringing in Calvin Yu, a former Goldman Sachs portfolio manager who oversaw $20 billion in institutional assets, according to the company.

The additional talent will help the company target endowments, foundations and pension plans, said the firm’s CEO, Mansi Singhal. She studied under Dr. Steele at the University of Pennsylvania in 2004.

The automated investing platform listed nearly $70 million in assets under management across moe than 500 accounts on its most recent filing. The company services high-net-worth individuals and families, as well as registered investment advisors, family offices and other institutional clients. 

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About the Author

Samuel Steinberger

Senior Technology Editor, WealthManagement.com

Samuel Steinberger is Senior Technology Editor for Informa Connect’s WealthManagement.com. In his role, Mr. Steinberger provides the publication’s wealth and financial technology coverage. 

Mr. Steinberger’s editorial insight and familiarity with technology accelerates Informa’s growth within the financial advisor and wealth management communities, providing in-depth news for advisors and financial professionals. 

Before joining Informa Connect, Mr. Steinberger produced documentaries with former CNN anchor Soledad O’Brien at Soledad O’Brien Productions (formerly Starfish Media Group). He specialized in research, shooting and editing, as well as finding distinct voices to explain topics like mental health, poverty and racial divide. 

Prior to joining Soledad O’Brien Productions, Mr. Steinberger managed multi-departmental technology projects for global legal technology leader Transperfect Legal Solutions. After obtaining his graduate degree in journalism from Columbia University, he completed his transition from technology management to media. 

Mr. Steinberger is an award-winning journalist, author and researcher who has written, edited and reported for a number of publications, including The New York Times, Financial PlanningAmerican Banker and PBS. He is founder of beverages publication Give Me Weird Drinks

Mr. Steinberger’s technology analysis and insight has been featured in several books on virtual and augmented reality. Mr. Steinberger has received awards and recognition for his reporting and research, including the American Business Media's prestigious Jesse H. Neal Award for editorial excellence.

Follow on Twitter: @slsteinberger