{"id":180084,"date":"2021-02-16T20:06:14","date_gmt":"2021-02-16T17:06:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-launches-robo-adviser-for-marcus-customers\/"},"modified":"2021-02-16T20:06:14","modified_gmt":"2021-02-16T17:06:14","slug":"goldman-sachs-launches-robo-adviser-for-marcus-customers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-launches-robo-adviser-for-marcus-customers\/","title":{"rendered":"#Goldman Sachs launches robo-adviser for Marcus customers"},"content":{"rendered":"

“#Goldman Sachs launches robo-adviser for Marcus customers<\/strong>”
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Goldman Sachs has jumped into the red-hot retail investor market \u2014 but don\u2019t expect it to recommend stock tips that you\u2019ve found on Reddit<\/a>.<\/p>\n

The megabank unveiled a new robo-adviser tool on Tuesday, giving customers of its Marcus savings account access to its wealth management services, which had previously only been available to large corporations and the ultra-wealthy.<\/p>\n

But while regular Joes will now get Goldman Sachs investment advice for accounts as small as $1,000, the new product, Marcus Invest, is not designed to help clients get in on the social media \u201cmeme stock\u201d craze that fueled the shocking rise of shares in companies like Game<\/a>Stop and AMC Entertainment.\u00a0<\/p>\n

Instead, Goldman will be putting its clients in exchange-traded funds, which are essentially publicly traded index funds designed to let longer-term investors get a diversified foothold in certain industries or sectors.<\/p>\n

With many of the key participants in January\u2019s so-called \u201cReddit Rally\u201d poised to testify before Congress on Thursday \u2014 including Robinhood chief executive Vlad Tenev and possibly billionaire hedge-fund tycoon Ken Griffin of Citadel Investments \u2014 Goldman\u2019s Marcus Invest app<\/a>ears to be taking a more cautious approach.<\/p>\n

\u201cWe\u2019ll recommend a diverse mix of stock and bond ETFs that are aligned with your goal,\u201d reads the platform\u2019s new website. \u201cYou\u2019ll have exposure to a range of industries and economies so you have multiple opportunities for growth and won\u2019t be tied to the fate of a single stock.\u201d<\/p>\n

Marcus Invest is the latest in a line of consumer products launched in recent years. In addition to the Marcus savings account and Apple Card credit product, Goldman is expected to launch a Marcus checking account in 2021.<\/p>\n

That growing investment into building out its consumer suite of products augurs well for the growing power of Stephanie Cohen inside Goldman\u2019s male-dominated power structure.<\/p>\n

Cohen, 43, was named co-head of the $2 trillion megabank\u2019s consumer banking and wealth management group in September, making her a possible heir apparent to current chief David Solomon and the only woman running one of Goldman\u2019s four business divisions.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Goldman Sachs launches robo-adviser for Marcus customers” Goldman Sachs has jumped into the red-hot retail investor market \u2014 but don\u2019t expect it to recommend stock tips that you\u2019ve found on Reddit. The megabank unveiled a new robo-adviser tool on Tuesday, giving customers of its Marcus savings account access to its wealth management services, which had…<\/p>\n","protected":false},"author":1,"featured_media":180085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/goldman-marcus-etf.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[86706,93546,71939,70789,72128,70790,72388,70360,72439],"class_list":["post-180084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-robinhood","tag-2-16-21","tag-banks","tag-david-solomon","tag-gamestop","tag-goldman-sachs","tag-stock-market","tag-wall-street","tag-wealth"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=180084"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/180085"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=180084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=180084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=180084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}