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Morgan Stanley

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·Aug. 20, 2021

Altruist CEO Jason Wenk on WealthTech, financial planning, advice, and generally improving financial health

In this conversation, we chat with Jason Wenk, who is the Founder & CEO at Altruist. Apart from this Jason is a writer, self-proclaimed math geek, and investment systems developer. He began his career at Morgan Stanley in NYC at age 20, working on investment research and asset management systems development. After this Jason founded FormulaFolios: quantitative, computer-driven investment models based on academic research to help remove emotion from investing. FormulaFolios would later develop into a standalone asset manager and go on to rank as a fastest-growing private company by Inc. magazine 4 years in a row, reaching as high as #10 in 2017.

More specifically, we discuss all things wealth tech, as well as, serving people with financial planning, financial advice, and generally improving their financial health.

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Europe Fintech USA

·Jul. 2, 2020

AI Becoming Core Component of Financial Services

According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already...

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Fintech USA

·Jun. 11, 2020

Banks Claim to be Taking Market Share from Fintech During the Crisis

Leading bankers claim that consumers are gravitating towards big, stable institutions during the financial crisis, reversing a decade long trend;...

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Fintech News Roundup USA

·Apr. 29, 2020

The Linux Foundation Acquires the Fintech Open Source Foundation

The Linux Foundation has agreed to acquire the Fintech Open Source Foundation (FINOS) and will allow the group to operate...

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Fintech News Roundup USA

·Feb. 28, 2020

Spike in Fintech M&A Shows Industry is Maturing

The year has started out strongly for fintech M&A with four significant deals announced in just the first two months;...

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·Jul. 7, 2021

Fintech venture investing after a career in the US treasury and Wall St equity research, with Patrick Pinschmidt of MiddleGame Ventures Jul 9 2

In this conversation, we talk all things Wall Street, FinTech, and Venture Capital with Patrick Pinschmidt, who's the general partner and co-founder at MiddleGame Ventures.

More specifically, we discuss the ups and downs of sell-side research in the early 2000s, the evolution of financial technology to today’s FinTech, an insight into the Financial Stability Oversight Council at the US Treasury Department, the founding of Middlegame Ventures and its impressive investment portfolio, and the transformation of financial services fueled by the rapid innovation in FinTech.

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Fintech USA

·Jun. 12, 2020

Quicken Loans Confidentially Files for IPO

The largest mortgage lender in the U.S. has confidentially filed for an IPO according to CNBC; the report indicates the...

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·May. 18, 2020

Goldman is trying to build a Fintech powerhouse, and this is how they should do it

This week, we put on the Goldman hat and go shopping for companies. We buy a little bit of Folio and sell some Motif. We look at Personal Capital and the $1 billion it wants for its $12 billion of assets. We examine the private markets with Addepar / iCapital and SharesPost / Forge, and then move over to the banking sector. Should we buy Wells Fargo, as rumored, or some digital wallet apps? Read on for how to acquire a best-in-class Fintech.

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Fintech News Roundup USA

·Mar. 9, 2020

Banks Starting to Get Creative as they Work with More Fintechs

Working with fintechs has been a lengthy process for most banks with timing lasting about 12 to 18 months on...

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asset management digital transformation neobank

·Feb. 24, 2020

Financial Empires fall — HSBC to fire 35,000; E*TRADE sells to Morgan Stanley for $13B

I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?

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