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.”
Kroger is trying to streamline the grocery shopping experience and plans to hire 11,000 new employees this year. These two pillars are "complementary" with the retailer's efforts to reboot its business and expand, says Jessica Adelman, Chief Communications Officer at Kroger.
New Jersey could become home to more innovation with hands-on support from lawmakers, says Aaron Price, founder and CEO of Propelify, an innovation festival in Hoboken, NJ.
Sprint and T-Mobile are merging because shared resources help both companies achieve their ambitions, said the Sprint CEO Marcelo Claure. "The world's best partnerships or the best mergers have been formed when the two companies realize that they need each other," he tells Cheddar's
Hope King.
By combining forces, T-Mobile and Sprint can help the United States create a 5G network vital to the country's digital infrastructure, the companies' chief executives say in an interview with Cheddar's Hope King. "Our competitors are not going to stand still. They're also going to invest," says the Sprint CEO Marcelo Claure. He cites a recent study by CTIA, a wireless industry trade group which he also chairs, that said 5G networks could add 3 million jobs to the American economy.
The CEOs of both wireless providers told Cheddar Monday that it's critical the U.S. rolls out 5G technology in order to stay ahead in the global market. "We currently, as a nation, are behind," said T-Mobile CEO John Legere. The carriers announced a plan to merge Sunday, arguing that the combined company will help build out a faster, next-generation network, drive down prices for consumers, and create jobs. They still need the seal of approval from regulators who, in the past, have expressed antitrust concerns over the deal.
The agreed merger of T-Mobile and Sprint aligns with President Trump's policy priorities, the T-Mobile CEO John Legere says in an interview with Cheddar's Hope King. He says the president's tax policies have "added a great amount of value in this deal," and the merged company can help create a fast 5G network vital to the country's digital infrastructure, another priority for Trump.
A recent Survey Monkey poll revealed that 37 percent of working moms say they don't find support on social media, where they are usually shamed or can't find advice. That's what inspired the founder of Pando, Sarah Lacy, to launch "Chairman Mom," a social media platform for mothers.
Jill Steinberg, the wife of Cheddar's CEO, took the DIY genetic test out of curiosity and found out she was prone to breast cancer. "There's always something there to learn," says Anne Wojcicki, CEO and founder of 23andMe.
Shares of the electronic signature company surged around 37 percent in its market debut Friday. CEO Dan Springer told Cheddar the company has all of the components to be "a rock solid public company."
Homepolish is like Tinder for interior design, where clients are matched up with designers based on not just aesthetics but also "personality, working style," says the founder and CEO Noa Santos.
