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 wireless company partnered with American Aerospace Technologies to develop drones that have 10 to 16 hours of flying power and a 50-mile range. Verizon says the technology can be a reliable tool for first responders.
Picking out the future's biggest business winners in a crowded startup space isn't easy, but Sequoia Capital has been able to spot tech darlings such as Airbnb, Stripe, Instacart, and Dropbox. Bryan Schreier, Partner at Sequoia, was with us to give us the hottest trends in VC.
The birds and the bees talk may need an upgrade soon. Scientists are working on ways to use blood and skin cells to replace sperm and eggs. So, will sex go by the wayside? Writer Karen Weintraub explains.
Your Future Home hosts Baker Machado and Brad Smith discuss some of the biggest news in the real estate market...including the top market for luxury real estate!
Features like Instant Articles are just "marketing vehicles," where consumers lose the "direct relationship with the publisher or the site," says Adam Singolda, CEO and Founder of adtech unicorn Taboola.
Federico Vega, co-founder and CEO of Cargo X, explains how his company connects businesses with items to ship to truckers who have extra room on their freights. Vega was a dishwasher in London before coming up with the idea for Cargo X.
Erich Reimer, author at Seeking Alpha, discusses his optimism around Facebook's growth and why he believes investors should be long the stock, despite its new news feed algorithm and the controversy over Russian meddling.
Marty Padgett, editorial director at Motor Authority, discusses his time at the Geneva Auto Show where Mercedes unveiled plans for a new line of CLA and GLA models.
As society becomes more dependent on technology, some fear A.I. will take over and replace human jobs. Others believe it will advance human innovation and help society progress. Nathan Myhrvold, Founder & CEO at Intellectual Ventures and former Microsoft CTO, was with us to discuss whether we should be afraid of technological advancements.
President Trump signs proclamations on aluminum and steel tariffs. Weight Watchers is rolling out meal kits. Toys 'R' Us is reportedly prepping to liquidate its U.S. Operations. Companies celebrate International Women's Day.
