News 

A hot fintech start up has amassed nearly $5 billion from people willing to hand over their bank logins

“To get a dedicated financial advisors, users are charged a fixed fee and need at least $US200,000 in investable assets” writes Rachael Levy for businessinsider.com.au. Shah declined to say how many of the company’s estimated 1.5 million free users convert to paying for financial advice from the free platform.All of our users will come into the dashboard and link their financial accounts.Is there an effective fee structure?’” “We’re about $US4.9 billion in assets under management in managing these US households’ money. Source: businessinsider.com.au Share This:

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Crypto News 

LAToken Bringing Assets Worth Trillions Onto Blockchain

“The LAT Exchange will follow KYC and AML rules and apply for exchange license where needed” writes Prableen Bajpai for investopedia.com. However, the LAT exchange reduces transaction costs and lowers the barriers to entry on such contracts which traditional involve lot size and value limitation.Different financial assets offer different characteristics in terms of liquidity, risks, cash flows, tradability, and together make a portfolio well-balanced.By allowing buying, selling and management of an investor’s portfolio on its blockchain​ and Artificial Intelligence (AI) powered platform, the LAT exchange makes investing not just faster,…

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News 

Wall Street Preview: Investors Return to Riskier Assets Ahead of Trump’s Press Conference

“On Friday evening, Trump announced a planned press conference for Monday afternoon, though it is unclear whether North Korea will be discussed” writes Edward Hardy for thestreet.com. U.S. stock futures were higher on Monday, Aug. 14, following European market gains, as investors returned to riskier assets after a week of losses. Source: thestreet.com Share This:

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Markets News Stocks 

Escalating North Korea tensions were ‘a match to light the fire’ — now markets are at a crucial crossroads

“Now, amid escalating tensions between the US and North Korea, the market finds itself at a crucial crossroads” writes Joe Ciolli for businessinsider.com.au. On the flip side, further goading by either the US or North Korea would ratchet tensions even higher, leading to further pain for risk assets.If recent history is any indication, investors may view weakness in risk assets as an attractive entry point for buying more.The mounting conflict came to a head on Thursday, fuelled by some fiery rhetoric from President Donald Trump and aggressive threats from North…

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Markets News 

Pimco warns of ‘rich’ valuations in risky assets, joining chorus of caution

“As the wave of liquidity ebbs away, market participants are wary that it could leave investors high and dry” writes Sunny Oh for marketwatch.com. But if stocks and other risky assets do end up slipping, investors may thank themselves for playing it safe.Where can investors, then, shelter from turmoil in financial markets?. Pacific Investment Management (PIMCO) has just added its own voice to the calls for caution. See: Pimco says Treasurys hold “value” despite Fed plan to tighten policy.  Source: marketwatch.com Share This:

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News 

Gold climbs to a more than 2-month high as North Korea tension lifts haven assets

“October platinum rose $9, or 0.9%, to $985.50 an ounce, while September palladium PAU7, +0.72% rose $7.70, or 0.9%, to $899.55 an ounce” writes Markets Commodities Reporter for marketwatch.com. If $1,300 resistance gives way, it could open the floodgates.” Gold for December delivery GCZ7, +0.88%  rose $11.60, or 0.9%, to $1,290.90 an ounce.Gold added to early gains, and the dollar pulled back, following the release of U.S. data showing a cooler reading for inflation at the wholesale level. Source: marketwatch.com Share This:

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News Stocks 

Gold at 2-month high as North Korea tension boosts haven assets over stocks

“Gold added to early gains, and the dollar trimmed its rise, following the release of U.S. data showing a cooler reading for inflation at the wholesale level” writes Rachel Koning Beals for marketwatch.com. The data could slow Federal Reserve interest-rate hikes, presumably hurting the dollar and helping gold.Gold for December delivery GCZ7, +0.99%  rose $10.50, or 0.8%, to $1,290.10 an ounce. Source: marketwatch.com Share This:

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Markets News Stocks 

Tesla’s hot stock drives huge buy-in from market funds — maybe too huge

“Investors in ETFs are more likely to accept greater individual company risk as long as the portfolio is representative of a sector, Rosenbluth said” reports autoblog.com. Few of these funds are actively buying shares, fund filings show, but instead are letting their stakes balloon as the stock continues to rally.A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.NEW YORK – Tesla’s stock run-up of more than 66 percent for the year is prompting…

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Markets News 

Gundlach, Wary of Pricey Market, Sets Cap on DoubleLine’s Growth

“Jeffrey Gundlach sees too much of a good thing — in financial markets and in his industry — and he wants no part of it” writes Erik Schatzker for bloomberg.com. He also said a decline in the Total Return Bond Fund’s assets from $62 billion last September, traditionally seen as a warning sign, reflects a decision to concentrate less on a single product. Source: bloomberg.com Share This:

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News 

People have invested £260 million with robo-advisor MoneyFarm

“If you look at it in perspective of the overall wealth management industry, it’s still really, really tiny, but the speed of growth has been very interesting.”” writes Finanzen Net Gmbh for businessinsider.com. Annual accounts filed with Companies House and shared with journalists on Friday show that MoneyFarm, which operates across Italy and the UK, now has £260 million in assets under management (AuM).UK customers invested with MoneyFarm earned returns of between 4.8% and 18.5% over the last year, depending on their preferred risk weighting. Source: businessinsider.com Share This:

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