The Corporate Insight Blog tracks the latest digital trends, news, and insights across financial services with a focus on the digital and mobile user experience.
Laura is a Senior Research Associate for e-Monitor and Broker Monitor at Corporate Insight.
Email: lschipper@corporateinsight.com
Credit card debt plagues many Americans. The total owed by consumers in 2017 reached $931 billion, according to a survey by Nerd Wallet. Many people swipe their cards too often and then realize they cannot afford the payments, and falling behind can lead to an endless cycle. About 41% percent of Americans admit that unnecessary […]
On April 5, UBS Wealth Management became the most recent incumbent brokerage to join the automated investing foray. This increases the number of firms that offer automated investing platforms in Corporate Insight’s e-Monitor coverage group to 11 (70%), with full-service firms like Morgan Stanley, Wells Fargo Advisors and Merrill Lynch (through Merrill Edge) launching platforms […]
With the average American spending $1,100 annually on coffee and more Americans than ever gravitating toward gourmet coffee (up more than 350% since 1999), the growing prominence of specialty brews is no secret. Consumers are prioritizing getting their caffeine fix over even important budget items like investing, with one-third of Americans spending more on coffee […]
In an effort to protect America’s aging population and vulnerable adults from financial exploitation, FINRA implemented a new regulation that requires brokerages to “make reasonable efforts” to obtain trusted contact information for accounts. Additionally, FINRA member firms now can place a temporary hold on the distribution of funds that are believed to be financially exploited. […]
This year, the Super Bowl gathered 103.4 million people to watch the game, the commercials and Justin Timberlake’s half-time show. Companies like Doritos, TurboTax and E*TRADE dished out $5 million for 30 seconds of commercial time, compared to just $2.3 million per 30 seconds in 2002. This year, Ally decided to break away from the […]
The rapid growth of ETFs is shaking up the industry. With over a 67% increase in net issuance since 2016, growth is expected to continue beyond 2018. Schwab stands out for growing its ETF assets to over $400 billion, doubling in the past four years. As more funds are issued, investors can more easily create […]
In an effort to further simplify investors’ financial lives, TD Ameritrade added trading capabilities to its Facebook Messenger chat bot. Connecting with investors on a widely used platform that many millennials, Xers and boomers use on a daily basis further exemplifies the firm’s attempt to normalize investing by integrating it into clients’ daily lives. Knocking […]
At this year’s Finovate conference, industry thought leaders took the stage to discuss their opinions on wealth management in the digital age. The value of human interaction was a common theme we saw through many of the speakers’ discussions. Money is an emotional topic, and coping with market swings and struggling to pay bills are […]
With over one billion active users, Facebook has become much more than a simple social networking platform. Users are increasingly looking to Facebook for more than just posts from family and friends, but also for news updates, entertainment and games. Now, TD Ameritrade clients can receive account, market and quote information on Facebook Messenger, giving […]
Big banks and brokerages are celebrating their quarterly earnings reports. But how they’re communicating their successes to investors says a lot more than the numbers themselves. Bank of America, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo all beat their estimated earnings, marking the current optimistic sentiment that’s resulted from rising interest rates […]