Morgan Stanley is getting into the “robo-advice” business, where software manages funds instead of people. The service, Access Investing, is aimed at younger investors, and helps them put their money with the businesses they’re most interested in.
“Forty percent of our clients have chosen to invest in a theme, and the most popular ones [are] robotics and artificial intelligence,” Naureen Hassan, Chief Digital Officer for Wealth Management at Morgan Stanley, told Cheddar.
The financial firm rolled out its Access Investing division, which focuses on advising clients online, in December. Hassan says that her team has seen a lot of engagement with from people 45 and under.
Robo-advisers, or digital investment portfolios, are not very new. The field has competitors, such as Betterment or Wealthfront, that have been making strides in the sector.
But Morgan Stanley says it’s betting on its legacy to differentiate itself in the industry.
“We think it’s the Morgan Stanley investing expertise that really differentiates it,” Hassan said. “That’s why we are offering clients choice, it just isn’t only a passive portfolio, we believe in a mix of assets.”
Playtika CFO Craig Abrahams joined Cheddar to discuss the mobile gaming company's public debut on the Nasdaq, likely a start to a steady flow of game devs going public in 2021.
Get in the zone with crystal clear sound, deep bass and a sweatproof design.
Adam Kovacevich, head of North America and Asia Pacific government relations at Lime, spoke to Cheddar about the e-scooter company's chances of operating in the Big Apple.
Tracy Sun, Poshmark co-founder and senior vice president of new markets, spoke to Cheddar about the online clothing reseller's successful public debut.
Jeff Bezos' Blue Origin company has launched a new capsule into space to test all the astronaut perks before people strap in.
Toyota will pay $180 million to settle U.S. government allegations that it failed to report pollution control system defects in its vehicles for a decade.
Airbnb says it will be blocking and canceling reservations in the Washington, D.C. area during the week of the presidential inauguration.
The five-watt speaker delivers dynamic sound quality, enhanced by the bass and subwoofers, for an impressive listening experience.
Virginie Helias, chief sustainability officer at Procter & Gamble, spoke to Cheddar about the consumer goods manufacturer's initiatives to take on climate change and waste.
Boston Dynamic's vice president of business development Michael Perry talked to Cheddar about the variety of roles that its robot dog Spot could fill in business — and in the every-day lives of people.
