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Goldman Sachs reveals its Black workforce numbers for the first time

Goldman Sachs reveals its Black workforce numbers for the first time
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Goldman Sachs on plans for new Marcus Invest robo-advisor


Goldman Sachs
Goldman Sachs launched its robo-advisor, called Marcus Invest, to the public on Tuesday.
It s launching into a crowded space, competing with startup and bank-owned robo-advisors.
Sonali Divilek and Andrea Finan, executives overseeing the roll-out, laid out the product s plans.
Goldman Sachs is finally launching its do-it-yourself wealth management offering to the public, marking a milestone in the elite firm s quest to appeal to Main Street. 
The bank rolled out Marcus Invest, its automated investment tool with a $1,000 account minimum, on Tuesday after having previously faced delays as a result of the pandemic.
Marcus Invest is set to compete with startup robo-advisors and bank-run products like Bank of America s Merrill Guided Investing, and will charge an annual advisory fee of 0.35%, billed quarterly. Wealthfront and Betterment, the standalone robo-advisors that launched around a decade ago, both charge an an ....

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Goldman Sachs consumer platform targets 'mass affluent'


Goldman Sachs consumer platform targets mass affluent
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New York (AFP)
Goldman Sachs has officially launched an online platform for small investors in its latest step to build out its fledgling consumer business.
Under the Marcus Invest platform, investors with as little as $1,000 can tap into Goldman s asset allocation services, purchase exchange traded funds and take other investment decisions with a 0.35 percent advisory fee.
The venture s objective is to bring the investing expertise of Goldman Sachs directly to mass affluent customers, Chief Executive David Solomon said last month in a conference call.
Goldman Sachs has been building up its consumer-oriented Marcus business since 2016, expanding the venture to include a credit card with Apple. ....

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