Future of Investing, Member Exclusive

‘Our research shows that consumers find investing to be intimidating’: Marcus by Goldman Sachs debuts automated investment service

  • Goldman Sachs debuted its flagship digital investment platform Marcus Invest.
  • The offering requires a minimum account balance of $1000 and charges an annual fee of 0.35 percent.
close

Email a Friend

‘Our research shows that consumers find investing to be intimidating’: Marcus by Goldman Sachs debuts automated investment service

Goldman Sachs’ consumer banking unit Marcus launched its digital investment offering this week. Marcus Invest offers consumers automated management of their stock and bond ETF portfolios based on users’ risk tolerance and investment timelines. It also offers individual and joint investment accounts as well as three types of individual retirement accounts.

SPONSORED

 

The robo-adviser connects consumers with the investing resources of Goldman Sachs through portfolio models designed by the company’s Investment Strategy Group at a minimum account balance of $1000. It charges an annual advisory fee of 0.35 percent for trade commissions, transfer fees, daily monitoring, rebalancing and management. 

“We are excited to deliver our investment acumen and advice to a wider audience. Our research shows that many consumers find investing to be intimidating or don’t have the time to spend on it,” said Andrea Finan, head of digital investing at Goldman Sachs.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “‘Our research shows that consumers find investing to be intimidating’: Marcus by Goldman Sachs debuts automated investment service”

Innovation, Member Exclusive

Slack and Salesforce launch industry-specific digital solutions – what’s in it for FIs?

  • Slack and Salesforce have built solutions to help their customers make the most of their digital tools.
  • How will these solutions benefit financial firms?
Sara Khairi | September 26, 2022
Data Snacks, Member Exclusive

Data Snack: On messaging and personalization in the financial industry

  • Times have changed and consumers expect more from their FIs. That includes messaging.
  • But when it comes to what messages to send, there’s no one-size-fits-all. That’s where personalization comes in.
Rivka Abramson | September 23, 2022
Member Exclusive, Modern Marketing

Marketing Briefing: The future of NFTs in loyalty programs

  • Starbucks has been getting a lot of attention for its moves surrounding NFTs.
  • Will NFTs find their home in loyalty programs?
Rivka Abramson | September 22, 2022
Data Snacks, Member Exclusive

Data Snack: How was Q2 2022 for fintech investments?

  • Fintech investment in Q2 2022 was the lowest in five straight quarters, at $21.5 billion.
  • Unicorn creation in fintech dropped down near pre-pandemic levels in Q2, with just 25 new unicorns being formed globally.
Subboh Jaffery | September 20, 2022
Green Finance, Member Exclusive

Green Finance Briefing: Consumers want more sustainable banking

  • Studies show that consumers are increasingly looking to align their values with their wallets – and younger generations are taking the charge in sustainable investing.
  • We also look at the climate tech space with an ecosystem map, and have a great suggestion for your next movie night – a new documentary on greenwashing.
Iulia Ciutina | September 16, 2022
More Articles