Goldman is getting out of the robo-advisory business

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 63%

Goldman Sachs News

Core Strengths,David Solomon,Investment Advisor

Goldman Sachs is exiting the robo-advisory business as it tries to scale back its ambitions and re-focus on core strengths.

) is getting out of the robo-advisory business as it tries to scale back ambitions for parts of its enterprise and re-focus on core strengths.

Marcus Invest is an algorithm-driven investment advisory business launched in 2021 as Goldman sought to market more affordable services to the mass affluent. Goldman’s stock rose nearly 3% Monday as of the early afternoon. Year to date it has climbed more than 8%, outperforming a US banking sector-wide index -Former President Donald Trump agreed on Monday to additional restrictions on the $175 million bond in the former U.S. president's New York civil fraud case, resolving concerns by the state attorney general that the funds were not secure. The bond issued by Knight Specialty Insurance is meant to secure Trump's compliance with a $454.

If You’d Invested $5,000 in Brookfield Renewable Partners Stock in 2023, This Is How Much You Would Have Today

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs CIO says crypto isn’t ‘an investment asset class’, Cathie Wood pushes backThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »