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Goldman is getting out of the robo-advisory business

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Goldman Sachs Nyheter

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.

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