Goldman is getting out of the robo-advisory business [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The Wall Street giant said Monday that it had reached an agreement to sell its Marcus Invest digital investing accounts to digital investment advisor Betterment. Marcus Invest is an algorithm-driven investment advisory business launched in 2021 as Goldman sought to market more affordable services to the mass affluent. Now CEO David Solomon is leading a sweeping retreat from a variety of consumer offerings while focusing the firm on its core strengths of trading, asset management, and investment banking. Last August it announced it found a buyer for a personal finance unit catering to the mass affluent. Then in early October, it announced the sale of specialty lender GreenSky to Sixth Street Partners and a consortium of other firms. It is also looking for a way to shed its credit card partnership with General Motors ( GM ). It still has another credit card partnership with Apple ( AAPL Profits at Goldman rose 28% in the first quarter as investment banking revenues surged, gi
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- 4/25/24 - Form PX14A6G
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