
Goldman Sachs has decided to exit the robo-investing market by offloading its Marcus robo-advisor customers to Betterment. This strategic move comes after Goldman Sachs concluded that the fees generated from the robo-advisory business were not attractive enough to sustain the operation. A representative from Goldman Sachs acknowledged the challenges faced in the sector, stating, 'We thought we could be competitive. I think we learned it's a lot harder than we thought it was.'
Goldman Sachs offloads Marcus robo-advisor customers to Betterment https://t.co/XKiVWtdrDJ
Goldman Strikes Deal With Betterment to Exit Robo-Investing Business https://t.co/52ESWsyMJ4 “We thought we could be competitive,” he said. “I think we learned it’s a lot harder than we thought it was.”
Goldman is getting out of the robo-advisory business https://t.co/f5k00oQPuY by @DsHollers
