Goldman Sachs is launching a wealth management platform, Marcus Invest.
In Brief:
Goldman Sachs launched savings account Marcus in the UK in 2018.
Marcus invest will enable customers to invest funds across managed portfolios.
The robo-advisor will allocate customers’ wealth across funds, starting from a minimum of $1000.
What does this mean?
Goldman Sachs’ Marcus product has opened up the bank to a wider selection of retail customers. Now, they will be able to invest money based on the same models the bank’s investment strategy group has developed for institutions.
