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.”
The Farmers Business Network allows the agriculture industry to share data on everything from the price of fertilizer to which seeds grow best, says CEO Amol Deshpande.
The head of Unity Technologies said in an interview with Cheddar that the video game development company is "strong enough financially" to go public. Unity's tools are most widely used by game developers, but the company has been branching out into science, architecture, and other industries.
New York Attorney General Eric Schneiderman launched an investigation into more than a dozen major Bitcoin exchanges. But this is very much "part of the evolution" of digital money, says Lynn Martin, the president and chief operating officer of ICE Data Services.
The actress and daughter of writer/director Kevin Smith, says the Facebook-owned platform has been the most effective in helping her advocate for animal rights and veganism because it enables engagement. But she thinks overall, "everybody needs to learn how to be more compassionate with each other" on the platform. Smith's new movie, "All These Small Things," debuts on April 24 at the Tribeca Film Festival.
The designer behind the sleeping bag coat says the industry needs to adapt to a more automated supply chain and find creative ways to interact with customers. "It's an investment we all have to make," Kamali told Cheddar in an interview Monday.
This movie about Jack and the Beanstalk uses VR technology to put you at the center of the action. "It's going to tackle pretty much every sense," explains Mathias Chelebourg, the creator of "Jack: Part One," one of the most talked-about projects at the Tribeca Film Festival this year.
The leaders of major tech firms are facing greater public scrutiny over everything from privacy issues to workplace culture. This puts the executives in unfamiliar situations where they must show both sympathy and accountability, says Ben LaBolt, a partner at Bully Pulpit, an image consulting firm.
The Obama-era net neutrality rules were set to expire Monday. But they will still play a major part in the November elections, says USA Today technology writer Mike Snider.
Apple shares dropped sharply Friday on rumors the iPhone X is about to be discontinued. But PCMag's Sascha Segan says it won't necessarily be because of weak demand, but to make room for a new prestige product.
Wells Fargo just can't seem to escape public scandal. The bank is being fined $1 billion for scamming customers into buying auto loans, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Friday. Last year, Wells Fargo apologized for selling car insurance to around 570,000 customers who didn't need it. It's the toughest fine the Trump Administration has imposed on a Wall Street bank yet.
Apple may discontinue its iPhone X after lackluster sales. The semiconductor company Apple uses for iPhone X parts, Taiwan Semiconductor Manufacturing, issued weak guidance for the rest of the year in its recent quarterly earnings report. One analyst is speculating this means Apple is no longer ordering parts for its iPhone X.
And we're joined by the CEO of the new subscription box company, "Hunt A Killer." Ryan Hogan explains how his company ships monthly boxes to customers, encouraging them to solve murder mysteries one clue at a time.
