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.”
Fintech companies are taking notice of the rapid growth in esports, and Quicken Loans has partnered with 100 Thieves, a League of Legends expansion team. Quicken CMO Casey Hurbis said this venture opened the company's eyes to the endless possibilities of esports and its personalities.
Bloomberg published a report on Thursday that the Chinese government placed microchips in Apple and Amazon servers to gain access to intellectual property and trade secrets. Both tech giants, chip maker Super Micro, and Beijing all strongly denied the report.
In the age of the internet, even comics have gone online.
Tapas Media works with over 34 thousand creators to bring their comics to life on its open platform. Chang Kim, CEO and founder of Tapas Media joins Cheddar to discuss how his site has reached 3 billion views.
As Via celebrates five years since its founding in New York, the rideshare service that started as a "glorified bus," in the words of its own CEO, is looking to new mobility solutions for its next phase of growth.
The Twitter Esports Business Summit ran from Oct. 1-3, and it held its focus on the growing market of esports and how Twitter fits into the business. Rishi Chadha, head of gaming content partnerships at Twitter, said the company is focusing on the communities that foster players and fans, as well as publishers and developers of different platforms.
Upwork, whose stock debuted on the Nasdaq Wednesday, helps connect freelancers in smaller markets who might be at a disadvantage to those in New York or San Francisco. CEO Stephane Kasriel said that by 2027, as much as 50 percent of the workforce could be doing some sort of freelance work.
After Facebook said that 50 million accounts were compromised in the latest privacy breach of the social network, users are starting to wise up about what they share with the company, said Mark Scott, chief technology correspondent at Politico.
Microsoft's fall Surface event on Tuesday came with a surprise: headphones. The company's newly announced Surface Headphones represent the first audio device in the Surface lineup. Hope King got a chance to try them out firsthand.
Honda is making a big investment in autonomous cars, with $2.75 billion going to GM's self-driving car company Cruise over the next 12 years. Kyle Vogt, CEO of Cruise, said this investment propels the technology forward and makes autonomous vehicles a possibility much sooner.
Dipayan Ghosh, fellow at the Shorenstein Center and a former adviser to both Facebook and the Obama White House, said that big tech has been ignoring "the little guy" for a long time and putting tech users and their privacy at risk.
