Stashaway hit an AUM of $1 billion much faster than US-based roboadvisor pioneers Wealthfront and Betterment. While impressive, this won't mean much if it can't turn a profit.



Roshan Kanesan speaks to Stashaway CEO and Co-Founder Michele Ferrario to discuss the path to profitability, whether they can mirror Betterment and Wealthfront growth rates (which now have around $21 billion in AUM), IPO plans, possible partnerships, what competitors keep Michele up at night, and more.



Background Photo Credit: Shutterstock.com

Michele Photo Credit: Stasahaway

Stashaway hit an AUM of $1 billion much faster than US-based roboadvisor pioneers Wealthfront and Betterment. While impressive, this won't mean much if it can't turn a profit.

Roshan Kanesan speaks to Stashaway CEO and Co-Founder Michele Ferrario to discuss the path to profitability, whether they can mirror Betterment and Wealthfront growth rates (which now have around $21 billion in AUM), IPO plans, possible partnerships, what competitors keep Michele up at night, and more.

Background Photo Credit: Shutterstock.com
Michele Photo Credit: Stasahaway

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The Breakfast Grille

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Stashaway - Growing AUM Rapidly, But Will It Be Profitable?

With the government targeting up to 5.2% GDP growth and narrowing the fiscal deficit to 3.3% of GDP, questions remain over how long-term fiscal consolidation can be sustained as government revenue isn’t keeping pace with the size of the economy and debt-servicing costs stay elevated. UOB Malaysia Senior Economist Julia Goh joins The Breakfast Grille to go beneath the headline numbers.

She evaluates middle-income tax reliefs, the durability of the AI and data centre investment cycle, domestic supply chain integration, indirect tax shifts, and whether potential inflation and rising fixed operating costs threaten the government's medium-term fiscal goals.

With the government targeting up to 5.2% GDP growth and narrowing the fiscal deficit to 3.3% of GDP, questions remain over how long-term fiscal consolidation can be sustained as government revenue isn’t keeping pace with the size of the economy and debt-servicing costs stay elevated. UOB Malaysia Senior Economist Julia Goh joins The Breakfast Grille to go beneath the headline numbers.She evaluates middle-income tax reliefs, the durability of the AI and data centre investment cycle, domestic supply chain integration, indirect tax shifts, and whether potential inflation and rising fixed operating costs threaten the government's medium-term fiscal goals.

Budget 2027: Can Malaysia Spend Big & Cut the Deficit?

Budget 2027 delivers record spending, yet the MADANI government says that the fiscal deficit will fall to 3.3% of GDP next year, even though petroleum subsidies have ballooned to RM40 billion. As the government balances pre-election expectations against fiscal discipline, Tan Sri Johan Mahmood Merican, Secretary General of Treasury at the Ministry of Finance, joins The Breakfast Grille to unpack the trade-offs and calculus behind Budget 2027.

He addresses speculation surrounding a pre-election budget, explains why SST compliance and e-invoicing are being favored over a GST comeback, , and discusses how the government plans to manage growing salary, pension, and debt-servicing bills on top of this year’s surge in subsidies.

He also explores strategies to plug subsidy leakages, alongside governance reforms including the State-Owned Enterprises Act and mandatory procurement disclosures

Budget 2027 delivers record spending, yet the MADANI government says that the fiscal deficit will fall to 3.3% of GDP next year, even though petroleum subsidies have ballooned to RM40 billion. As the government balances pre-election expectations against fiscal discipline, Tan Sri Johan Mahmood Merican, Secretary General of Treasury at the Ministry of Finance, joins The Breakfast Grille to unpack the trade-offs and calculus behind Budget 2027.He addresses speculation surrounding a pre-election budget, explains why SST compliance and e-invoicing are being favored over a GST comeback, , and discusses how the government plans to manage growing salary, pension, and debt-servicing bills on top of this year’s surge in subsidies.He also explores strategies to plug subsidy leakages, alongside governance reforms including the State-Owned Enterprises Act and mandatory procurement disclosures

MOF on Budget 2027: Subsidies, Goodies & Waad Nasional

As the MADANI government prepares to table Budget 2027, what are the key fiscal numbers and political signals you should be paying attention to? Former Deputy International Trade and Industry Minister Dr. Ong Kian Ming and Dr. Tricia Yeoh of the Asian Institute for Policy and Engagement at the University of Nottingham Malaysia, join The Breakfast Grille to discuss.

They explore whether this will act as a pre-election budget, analyse critical indicators and numbers to watch, and discuss the mechanics of GST versus SST.

They also highlight the structural reforms they hope the government will spend its political capital on.

As the MADANI government prepares to table Budget 2027, what are the key fiscal numbers and political signals you should be paying attention to? Former Deputy International Trade and Industry Minister Dr. Ong Kian Ming and Dr. Tricia Yeoh of the Asian Institute for Policy and Engagement at the University of Nottingham Malaysia, join The Breakfast Grille to discuss.They explore whether this will act as a pre-election budget, analyse critical indicators and numbers to watch, and discuss the mechanics of GST versus SST.They also highlight the structural reforms they hope the government will spend its political capital on.

Stashaway - Growing AUM Rapidly, But Will It Be Profitable?

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