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.”
People are already calling to pull back autonomous car testing, says Andrew Hawkins, transport reporter at The Verge. On Sunday, one of Uber's self-driving cars struck and killed a pedestrian in Arizona, prompting the company to suspend all testing of its self-driving cars.
Facebook is in hot water again after revelations that a data firm gained access to information from millions of users without their knowledge. Apple is reportedly developing its own display screens. Russian President Vladimir Putin was re-elected again by an overwhelming majority. Plus, Drew Barrymore and Timothy Olyphant talk about season two of their Netflix show, "Santa Clarita Diet."
Every big company gets hit with "issues around controls and compliance," says Gene Munster, Managing Partner at Loup Ventures. Facebook shares fell by over 7% in light of the Cambridge Analytica news.
One of Nike's top executives is stepping down over misconduct allegations. Airbnb is making it easier for people with disabilities to find rentals on its platform. We dive into the Theranos fraud scandal with the Wall Street Journal reporter who initially reported that something was off with the start-up blood testing company. And Tim Stenovec chats with Neil Patrick Harris about season two of his Netflix show "A Series of Unfortunate Events."
In today's episode of "Perspectives on Agility" sponsored by AT&T Brad Smith and Baker Machado discuss the risks to small businesses when it comes to cybersecurity.
In today's "Perspectives on Agility" segment, sponsored by AT&T, hosts Brad Smith and Tim Stenovec explore the state of IoT in 2018.
A top Nike executive is stepping down over misconduct allegations. The popular stock trading app Robinhood is reportedly now worth $5.6 billion.
The internet of things is everywhere, even if you don't realize it. The self-cleaning coffee machine, the vacuum that cleans your house when you're away--it's all connected through IoT. Susan Galer, SAP Marketing and Thought Leadership Director, joins Cheddar to discuss the challenges, applications, and the future of IoT.
In this edition of Perspectives on Agility, brought to you by AT&T Business, Tim Stenovec and Hope King explain the benefits of using IoT in the manufactuering process.
In this week's episode of "Perspectivies on Agility" sponsored by AT&T Travis Farral, Director of Security Strategy at Anomali, joins to discuss what company's can do before, during and after a cybersecurity hack.
