Transcript
Introduction
Eric
My guest this week is Jannick Malling. At 13, Jannick was getting paid to make websites. Five years later, he was an early employee at high-growth broker, Saxo Bank. Today, he's a serial fintech entrepreneur, the Co-founder and Co-CEO of Public.com, an investing platform with a mission to make public markets work for all people.
In this episode, we dive into the brokerage industry. We talk about how new-age brokerage firms compete against giants like Fidelity and Schwab. The business model, including payment for order flow, and the impact of AI. Please enjoy this conversation with Jannick Malling.
In Brokers and Robo-Advisors
Eric
So Jannick, the idea that brokerage companies could come out of nowhere, for people who follow finance, just 10 years ago was unheard of. There was Fidelity, Schwab, Interactive Brokers. That war had ended. So I thought a good place to start would be how did we end up with new emergent disruptors in the brokerage business?