Goldman Sachs For The Masses
Goldman Sachs is set to unveil Marcus Invest, a low-cost digital platform that allocates and automatically rebalances individuals’ wealth across portfolios of stocks and bonds based on the models developed by the firm’s investment-strategy committee. (Wall Street Journal)
You used to need at least $10 million in investible assets to draw the attention of wealth managers at Goldman Sachs. Now, all it takes is $1,000 and a smartphone.