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.”
Baker Machado met with Tucker Roberts, President of Philadelphia Fusion and Joe Marsh, CFO of Philadelphia Fusion to talk the team's success, their chances this weekend and the league overall.
The Cheddar Sports crew caught up with Goldenboy ahead of the Overwatch Grand Finals for his thoughts on who he thinks will score a win and which players to watch.
The Cheddar Sports crew caught up with the team members of the Philadelphia Fusion, who upset the top-seeded New York Excelsior in the first round of the Overwatch championship. Getting to this weekend's Grand Finals, the team said, is a dream come true.
Shares of the e-commerce giant soared hours after the company trounced estimates for earnings. Its fast-growing cloud business saw revenues rise nearly 50 percent to $6.1 billion. Forrester Research's Sucharita Kodali told Cheddar the company may beat Apple to the vaunted $1 trillion market cap mark.
Shares of Tenable opened on the Nasdaq at $33 a share, well above the IPO price of $23. CEO Amit Yoran told Cheddar that cyberhacking is an "existential threat to so many organizations," and he wants to protect governments, the public sector, retailers, and cloud-computing companies from these dangers.
Aneesh Chaganty is the writer-director of "Searching," an experimental film shot entirely from the point of view of smartphones and computer screens. A former video maker at Google, Chaganty explains to Cheddar that his experience at the company prepared him for his film's technical complications.
Anthony Pompliano, partner at investment firm Morgan Creek Digital Assets, explains why he thinks prices of the cryptocurrency could increase more than sixfold by the end of the year.
Shares of Facebook plunged Thursday after its latest earnings report. But Jefferies analyst Brent Thill tells Cheddar the company won't suffer in the long term, particularly because Europe's new data rules are "great hygiene" to work out the kinks.
President Trump accused Twitter of so-called "shadow banning" high-profile Republicans from the platform. Twitter has said that, while some users appear to not be showing up in auto-fill search results, down-ranking the results has been based solely on user behavior, not on their political leaning.
These are the headlines you Need2Know.
