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.”
Ro is becoming the first online pharmacy to offer FDA-approved allergy treatments through its platform.
A new band of comic-book heroes is taking on digital human rights and privacy in the 21st century,
The merger gives Intuit a chance to inject new life in its consumer business that it lost in the 2009 acquisition of Mint, just as the post-financial crisis fintech industry was coming to life and personal financial management apps began flooding the market.
For weeks, the World Health Organization’s chief official has warned of a narrowing “window of opportunity” to stall the virus’s spread, but the case count continues to tick upwards on a daily basis.
Huawei's U.S. Chief Security Officer Andy Purdy pushed back against accusations by the DOJ against the Chinese company while it does business with other nations such as the UK.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
The Libra Association has finally gained one major supporter: the e-commerce giant Shopify.
Brothers Khalil and Ahmed Abdullah of Decoy Games are stepping up to help other game developers of color get their footing in the industry.
Stocks fell in midday trading as investors fretted about more signs that a viral outbreak was spreading and a report showing a sharp weakening in U.S. business activity. Investors headed for safer territory.
These are the headlines you Need 2 Know for Friday, February 21, 2020.
