Barry interviews Zach Buchwald, CEO and Chairman of Russell Investments, about his career shaping modern investing. They explore the development of the smart beta philosophy, a strategy blending active and passive management that now manages trillions in assets.

The discussion pivots to retirement, tracing the shift from company pensions to 401k plans. This transition places the investing onus squarely on individuals, creating a vast market for financial advice and products aimed at an aging population.

Buchwald also outlines a $1,000 newborn program, now active, to fund a child's account. The proposal aims to demonstrate compounding's power early, addressing the long-term savings gap and influencing future retirement planning strategies.

For investors, Buchwald's insights signal where asset management is headed. The focus on individual empowerment and early education reflects a broader industry push to capture the growing mass-affluent market and secure long-term client relationships.