Goldman Sachs will offer digital wealth management services for investments as low as $5,000 from 2020 with a new robo adviser.
Joe Duran, founder of United Capital, a wealth management firm bought by Goldman Sachs for $750m in May, has said that his team is on track to launch a robo adviser in 2020, according to the FT. Duran said the service will allow Goldman Sachs to create solutions for clients with as little as "$5,000, $10,000 or $15,000" to invest. Goldman Sachs plans investment ISA United Capital is yet to finalise the minimum investment beyond "significantly lower" than its traditional accounts serving people with $1m to $10m of investable wealth. "It's a pipeline for future clients," he said, ...
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