…it does start to bleed over into the workplace offering in Vestwell, and we're offering workplace savings programs. Our demographic skews a bit younger, so you get people interested in crypto offerings, in student loan debt repayments and whatnot. Oftentimes, an individual's looking at, say, "Well, I have a Robinhood account. I can go buy these stocks, and go do this, and go trade blockchain constructs." In the retirement world, because when you think about the ERISA side and 401ks in the states and managing in that regard, there are limitations to what you can offer and how. And it has to be a 40 Act product, like a mutual fund or ETF or CIT, and so you can't just go do stock picking.

https://lex.substack.com/p/podcast-conversation-modernizing-7a7?token=eyJ1c2VyX2lkIjo5ODU2NTg3LCJfIjoiWFlobmwiLCJpYXQiOjE2NDM0MDI2NzUsImV4cCI6MTY0MzQwNjI3NSwiaXNzIjoicHViLTg3OTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.fksfSqduPiEvHh1-2K-vmy1w94qJVzEyQsHWAWmearM