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Top related persons:
Andy Rachleff - 2 Wealthfront - 1 David Fortunato - 1 Fortunato - 1 Dan Carroll - 1 Hannah Lang - 1 David Gregorio Our - 1 Marc Rowan - 1
Top related locs:
Washington Israel UPenn Penn Gaza Hamas
Top related orgs:
Wealthfront - 1 UBS - 1 U.S . Securities - 1 Exchange Commission - 1 SEC - 1 Google - 1 Thomson - 1 Ivy League - 1

Search resuls for: "Andy Rachleff"


2 mentions found


☆ Roboadvisor Wealthfront reaches $50 billion in client assets
  + stars: | 2023-11-16 | by ( Hannah Lang | Thomson Reuters | Hannah Lang Covers Financial Technology | ) www.reuters.com   time to read: +2 min
Nov 16 (Reuters) - Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% this year, the company said on Thursday. Wealthfront was founded in 2008 by Andy Rachleff and Dan Carroll and launched automated investing services in 2011. It is a pioneer in using artificial intelligence to craft low-cost investment portfolios for Americans. The U.S. Securities and Exchange Commission (SEC) recently proposed a rule aimed at managing how AI is used to provide investment advice. "We're trying to take the best investment advice that we can through academic research and make that available at low cost to as many clients as we possibly can," he said.
Persons: Wealthfront, David Fortunato, Fortunato, Andy Rachleff, Dan Carroll, Hannah Lang, David Gregorio Our Organizations: Wealthfront, UBS, Reuters, U.S . Securities, Exchange Commission, SEC, Google, Thomson Locations: Washington
☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
  + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."
Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas
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