You don’t have to drive a Rolls-Royce, personal a private jet, or store for couture to speculate with Goldman Sachs anymore.
The monetary service firm is now reaching out to small private traders—and “small” on this case doesn’t imply “goes to Lake Como solely 4 instances a 12 months.”
Marcus Invest, launched today, has a minimal account measurement and minimal preliminary deposit of $1,000.
Based on the brand new robo-advisor’s web site, Marcus Invest is all about diversification.
“We’ll advocate a various mixture of inventory and bond [exchange-traded funds] which are aligned together with your objective,” it says. “You’ll have publicity to a variety of industries and economies so you’ve gotten a number of alternatives for development and gained’t be tied to the destiny of a single inventory. Day-to-day funding work is dealt with for you: we monitor your portfolio each day and routinely rebalance your account to maintain it aligned together with your objective.”
There’s a 0.35% advisory price, so if you happen to’re beginning with $1,000, that’s $3.50 per 12 months.
Marcus as an internet platform itself isn’t new. It was launched in October 2016 to supply unsecured private loans. The model is known as after Goldman Sachs cofounder Marcus Goldman, who began the enterprise together with his son-in-law Samuel Sachs.
Goldman Sachs was a Quick Firm Most Modern Firm in 2017, partly due to Marcus.
The agency has launched a devoted Marcus Invest web page the place you possibly can be taught extra about its providers, discover your choices, and get began as an investor. Test it out here.
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