Stephen Laipply
The Reformer
Changing the system from inside it, principle turned into change.
Stephen Laipply reads as The Reformer because he does not theorise about fixed income, he redesigns access to it. Pioneering iBonds and building laddering frameworks that mirror index logic, he takes an opaque asset class and engineers replicable, scalable entry points for a broader investor base. He works backwards from outcomes and builds precision infrastructure, changing how institutions and individuals participate in bond markets by rebuilding the plumbing rather than lecturing about it.
“Another approach would be something that we pioneered back in 2010, which is what we call an iBond, which is meant to be sort of like an individual bond exposure that matures in a given year, but it can hold hundreds of bonds within that year.”
“Working backwards from your financial goals is the best way to build a ladder, and then you can do that across the different asset classes.”
“Perpetual laddering is kind of like indexing, and I think that's sort of fascinating. If you line them up side by side.”
Masters in Business: “At The Money: Building a Bond Ladder with ETFs”
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