[{"command":"settings","settings":{"basePath":"\/","pathPrefix":"","ajaxPageState":{"theme":"bvp_2015","theme_token":"HRnmi_tKj1RxLyORGsOPqVd1ZCVjjxgiNIlF-tGJXNU"}},"merge":true},{"command":"modal_display","title":"Financial Services","output":"\n\u003Cdiv class=\u0022field field-name-body field-type-text-with-summary field-label-hidden\u0022\u003E\n\n \n \u003Cdiv class=\u0022field-items\u0022\u003E\n\n \n \u003Cdiv class=\u0022field-item even\u0022 property=\u0022content:encoded\u0022\u003E\u003Cp style=\u0022text-align:left\u0022\u003E\u00a0\u003C\/p\u003E\n\u003Cp style=\u0022text-align:left\u0022\u003EMost of our financial-services focus is concentrated in three major areas: asset management and personal finance; trading technology; and research and information services. All three industries are in the midst of fundamental change driven by technology.\u003C\/p\u003E\n\u003Cp style=\u0022text-align:left\u0022\u003EIn the \u003Cstrong\u003Easset-management and personal-finance sector\u003C\/strong\u003E, we have watched a generation of investors lose their confidence in a financial system marked by volatile markets and, often, imprudent advice from so-called \u201cexperts\u201d. We believe small investors have been poorly served by the existing wealth-management industry and that a new generation of businesses, leveraging technology and transparency, will be built to provide best-in-class service to clients regardless of their level of wealth.\u00a0\u003C\/p\u003E\n\u003Cp style=\u0022text-align:left\u0022\u003EThe \u003Cstrong\u003Etrading technology\u003C\/strong\u003E space has evolved dramatically over the last decade.\u00a0 Spreads and commissions have narrowed, brining trading costs down.\u00a0 At the same time, market volume has increased, driven in part by the introduction of high-frequency trading.\u00a0 New securities of increasing complexity have entered the market. We believe there is an opportunity for new companies to provide a new class of infrastructure to address the rapidly evolving capital markets.\u003C\/p\u003E\n\u003Cp style=\u0022text-align:left\u0022\u003E\u003Cstrong\u003EResearch and information services\u003C\/strong\u003E have grown in importance as more information has become available to market participants.\u00a0 We believe investment returns increasingly depend on access to proprietary information and an investor\u2019s ability to parse that information quickly.\u00a0 Investors have begun to demand greater accountability from their information providers and more transparency to ensure freedom from conflicts.\u00a0 So we believe there are opportunities for innovative companies to enter the market by providing new types of information to investors or by providing research or information that is more accurate, transparent and reliable than existing products in the market.\u003C\/p\u003E\n\u003C\/div\u003E\n\n \n \u003C\/div\u003E\n\n\u003C\/div\u003E"}]