In a new expansion of its Marcus suite of consumer financial offerings, Goldman Sachs (NYSE: GS) has rolled out a robo-advisor service. Called Marcus Invest, it places investors' money into automated portfolios rather than handpicked stocks and other securities.
The Marcus Invest launch is further proof that the company, long considered an exclusive white-shoe investment bank targeting very wealthy clients, is pushing assertively into more modest customer income brackets. Interested parties can open a Marcus Invest account with as little as $1,000.
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Goldman Sachs Launches Robo-Advisor Service With Only $1,000 Minimum to Open