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.”
The more you donate to charity, the more entries you get, and the better your odds are at winning a gaming bundle valued over $5,000.
Get your holiday shopping done all in one place with deals on the best in home, electronics, self-care, and more.
Luminar Technologies ($LAZR) has completed its merger with a special purpose acquisition company (SPAC), bringing the company public on the Nasdaq on Thursday.
Dell is in the right business for 2020, Sam Burd, president of the company's PC hardware and software business, told Cheddar.
Warner Bros. Pictures announced that all of its 2021 film slate — including a new “Matrix” movie, “Godzilla vs. Kong” and the Lin-Manuel Miranda adaptation “In the Heights” — will stream on HBO Max at the same time they play in theaters.
Anabal Maldonado, CEO of the psychology-based fashion shopping platform PSYKHE, joined Cheddar to talk about its learning algorithm's work in matching customers to their clothing preferences.
Saoud Khalifah, co-founder and CEO of Fakespot, spoke to Cheddar about helping consumers protect themselves from e-commerce scams during the holiday season.
Discovery is joining the increasingly crowded streaming fray with its own reality-focused service Discovery Plus that will include shows from the Food Network, HGTV, TLC.
Feed your mind with hundreds of audio courses led by well-known names like Alexis Ohanian and Scott Kelly.
Peter Rawlinson, CEO of electric vehicle maker Lucid Motors, joined Cheddar to discuss its new plant in Arizona and hopes for a more supportive policy on EVs from the incoming Biden administration.
