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.”
Divya Narendra, who founded HarvardConnection with the Winklevoss twins and later sued Facebook CEO Mark Zuckerberg for stealing the idea, tells Cheddar the market's reaction to the Cambridge Analytica scandal was an "overreaction."
Many worry that fallout from the Cambridge Analytica scandal could weigh down Facebook's growth in the next few quarters, but "fatigue with the platform" may be the bigger drag, says Scott Devitt, an analyst at Stifel.
Since Russia banned the encrypted messaging service last week, Google and Amazon have also been dragged into the fight. This comes at a time when Telegram is considering an ICO and has already raised a total of $1.7 billion, making it the biggest potential coin offering in history.
Rather than having users manually enter every single transaction, Cointracker automatically tracks activity across 14 different exchanges. "It's totally independent from what other companies have done," says the co-founder Chandan Lodha.
The social media giant reported better-than-expected earnings, despite questions about its privacy and data security. [But the real impact of the Cambridge Analytica scandal will only be reflected in the next quarter, says Damon Beres, Executive Editor at Mashable.](https://mashable.com/2018/04/25/facebook-q1-2018-earnings/)
The Netherlands is the best place to test new innovations in the autonomous vehicles space, according to a recent report from KPMG. That's thanks to great infrastructure and political support, says Florien van der Windt, Project Manager of Connected and Automated Driving at the Dutch Ministry of Infrastructure and the Environment.
The second generation of Snap's smart glasses are available for sale in the U.S. starting today. Prices start at $150 and come in a variety of colors. Cheddar Senior Reporter Alex Heath broke news of the launch back in March.
The company, which manages and routes 10 percent of all internet traffic, says its new product 1.1.1.1 will keep consumers' data away from network providers.
The social media network saw growth in ad revenue and daily active users and indicated that, despite the Cambridge Analytica scandal, its outlook appeared bright. “The numbers are great, and I think that Facebook is going to move higher from here,” says Andrew Keene, Chief Executive of AlphaShark.com.
For years, Facebook kept its internal policy guidelines under wraps because "they didn't want people to game the system," says Axios' Sara Fischer. On Tuesday, the social media network changed course and made those guidelines public, after backlash over how it handles sensitive content.
