Tag: Morgan Stanley

Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

Robinhood and other Fintech firms are using Social Media-based principles and tools such as "gamification" software to drive customer growth and usage. Legacy Asset Managers are taking the M&A route. Order Flow Revenue or "Pay-to-Play Revenue" is the revenue that Asset Managers generate from directing equity and options order flow to various trade execution firms … Continue reading Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

Intuit Reported to Acquire Credit Karma – Building A PFM Powerhouse

Intuit Reported to Acquire Credit Karma – Building A PFM Powerhouse

The Wall Street Journal reports that Intuit (ticker: INTU), plans to acquire Credit Karma for approximately $7 billion. A Credit Karma acquisition would compliment Intuit's 2009 $170 million acquisition of Personal Financial Management ("PFM") fintech company Mint.com. The Credit Karma deal would mark Intuit's first large acquisition under Sasan Goodarzi who became Intuit CEO in … Continue reading Intuit Reported to Acquire Credit Karma – Building A PFM Powerhouse

Square Makes More Sense for Morgan Stanley

Square Makes More Sense for Morgan Stanley

It is difficult to get excited about Morgan Stanley's recently announced acquisition of ETrade. The latter is essentially a no growth business (P&L below), competing in a cut-throat market. On the other hand, Square - albeit a larger company that would command a larger price - is a FinTech leader in growing consumer markets. If … Continue reading Square Makes More Sense for Morgan Stanley