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.”
IBM in partnership with its subsidiary, The Weather Company, is using artificial intelligence and predictive technology to mitigate power outages during extreme weather conditions. But Weather Company CEO Cameron Clayton says the technology could have major implications for utilities companies that are struggling to keep up with increasingly unpredictable weather.
About half of U.S. gamers are women, but you wouldn't necessarily know it by looking at hardware design. Vivian Lien, chief marketing officer at ASUS North America, joined Cheddar Friday to discuss how her company is trying to make gaming more welcoming for women.
Snap Inc. laid off five employees from its research group this week, according to people familiar with the matter. The five employees were part of a team led by Bobby Murphy, Snap's co-founder, chief technology officer, and second largest individual shareholder.
It's not fitness. It's life. Such is the motto of wellness brand Equinox ー which is taking that commitment to the next level with "Cycle for Survival." "At Equinox, we are a 'do good' company. We're about high-performance living and we felt that this was a cause we wanted to get involved in, " Scott Rosen, president of Equinox, told Cheddar.
Abra's new investment features that allow users to invest their Bitcoin in traditional stocks and ETFs are the latest step forward for the crypto wallet and exchange to become a global crypto bank, CEO Bill Barhydt told Cheddar Thursday.
TikTok, the Chinese-owned company that has quickly become one of the hottest apps in North America, has hired a veteran YouTube executive named Vanessa Pappas to oversee its U.S. operations. TikTik parent company ByteDance is the most valuable private company in the world.
By all accounts, 2018’s North American Bitcoin Conference was packed. The bull market attracted more than 4,000 zealous attendees to Miami to hear the Bitcoin gospel. That January, the term “Bitcoin Billionaire” was widespread, and a tide of scheming hustlers and buttoned up institutions had infiltrated the ranks of Bitcoin’s true believers, looking for riches.
Motorola is out with its latest line of smartphones offering customers more options when it comes to budget-friendly devices. The new G7 models feature bigger screens, sharper cameras, and longer battery life. Motorola's head of product operations, Doug Michau, talked to Cheddar about the importance of low-cost options and also addressed rumors of a Razr reboot.
Airbnb announced on Thursday that airline industry veteran Fred Reid has joined the company as global head of transportation to lead an intensive push into transportation. “We’re going to explore a broad range of ideas and partnerships that can make transportation better. We haven’t settled on exactly what those will look like,” Airbnb CEO Brian Chesky said in a statement.
Warren Bravo thinks investors will get behind his fish waste-based cannabis concept when his company, Canadian marijuana producer Green Relief, heads to the public market this year. "We are going out, we'll say, sometime this year into the IPO space," Bravo, Green Relief CEO and co-founder, told Cheddar on Wednesday, adding that he's not committed to a specific time frame.
