Placeholder Image

Subtitles section Play video

  • If you are super rich, you could turn to Goldman Sachs to manage your million's.

  • But on Tuesday, the legendary Wall Street investment bank announced it would offer money management for everyday investors through an APP called Marcus Invest, an automated wealth advisor will allocate customers funds based on strategies developed to serve institutions and the wealthy.

  • The minimum to open a Marcus investment account is $1000 and Goldman will charge a fee of 0.35% in line with other retail investment platforms.

  • It's the latest move into digital banking as a bank tries to shift its focus from Wall Street to Main Street.

  • Launched in 2016, Marcus offers savings accounts and personal loans to retail customers through Marcus Goldman.

  • CEO David Solomon aims to reduce the banks reliance on volatile revenue from trading and investment banking.

  • Marcus Invest will offer individual and joint investment accounts and three types of retirement accounts.

If you are super rich, you could turn to Goldman Sachs to manage your million's.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 goldman marcus investment sachs goldman sachs banking

Goldman Sachs unveils robo-adviser for the masses

  • 24 0
    林宜悉 posted on 2021/02/16
Video vocabulary