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 game's protagonist, Kratos, has evolved and now has a son, which adds depth to the storyline. The playing experience is sharper too, says Asad Qizilbash, PlayStation's Vice President of Marketing. The new "God of War," a PlayStation exclusive, comes out on April 20th.
Fortnite is not only popular but also extremely difficult to win. Janet Rose, who live streams on Twitch as "xChocobars," lives to tell the tale and discusses what it's like to be a female gamer.
The music streaming business is going public on April 3 but, in an unusual move, has opted for a "direct listing", rather than going the traditional route. Cheddar's Nora Ali breaks down what that means, and why it could make for a very exciting market debut.
The video game has become such a cultural phenomenon that even rapper Drake has jumped on the bandwagon. Why? "It's like Hunger Games," says Brandon Davis, Special Assignment Producer at ComicBook.com.
Paul Kermizian, the co-founder of the popular arcade bar, used to collect vintage games as a hobby. By combining that passion with his love of craft beer, he created a multi-location business.
Paul Kermizian, co-founder of the popular Barcade, says vintage games are like a "work of art." The arcade/bar combines 80s games, like Street Fighter and Pacman, with craft beer.
Despite Uber's fatal self-driving car crash last week, the rival ride-hailing app is not slowing down tests of its own autonomous programs, said CBO David Baga. The accident was the first involving a driverless car, which forced Uber to suspend trials of its program.
Messaging app Telegram has raised an additional $850 million for its initial coin offering, according to documents filed with SEC on Thursday. The funding means that Telegram has raised a total of $1.7 billion to date for its ICO.
Jaguar's Product Planning Manager Dave Larsen pointed out that Waymo's software would have avoided the fatal crash by one of Uber's self-driving cars last week in Tempe, Ariz. Recently, reports have emerged that Uber's self-driving car tests were falling far behind rival Waymo's long before that crash.
While the technology is almost there, legislation may be the reason a fully autonomous society is pushed back. Dave Larsen, Jaguar's U.S. Product Planning Manager, says it'll take about 20 years.
