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Sonali Divilek, left, and Andrea Finan are two executives overseeing Goldman s Marcus Invest. Goldman Sachs
Goldman Sachs Marcus officially launched its robo-advisor , marking the next step in the bank s attempt to appeal to Main Street. Sonali Divilek and Andrea Finan, executives overseeing the roll-out, laid out the product s plans. Click here to get the rundown. Getty Another Goldman Sachs veteran is departing the prestigious Wall Street firm. Read more here. Alice Vilma, Morgan Stanley Morgan Stanley
Morgan Stanley is expanding the number of participants and size of investments for its Multicultural Innovation Lab. Read more here.
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 annual advisory fee of
From: Tucker York and Stephanie Cohen
To: All CWM, Firmwide Engineering MDs and PMDs
January 19, 2021
CWM Product Management Leadership
In our division, and across all of Goldman Sachs, clients and customers are at the center of everything we do. While we may engage them in different ways – some more advisor led and others digitally led –a world class digital offering is critically important to every single one of our clients, customers and employees. To build on and enhance our track record of delivering a seamless and differentiated client and customer experience, we are formalizing the Product Management discipline within Consumer and Wealth Management. The Product Management team will partner with business leaders, advisors, clients and customers to develop and deliver digital products and services across the product life cycle. The team will ensure that our digital offering consistently addresses client and customer needs, aligns with and helps deliver our business strat