Goldman Sachs Opens Investing App to Anyone With as Little as $1,000
(Bloomberg) — Goldman Sachs Group Inc. took another step toward going mainstream, launching an investing app for customers that want to put at least $1,000 to work.
Goldman, which has traditionally served a wealthier client base, is taking steps to broaden its reach through new digital products. The investing platform features exchanged-traded funds that focus on traditional stock and bond benchmarks, impact investments and smart-beta products designed by Goldman.
The advisory fee is 0.35%, according to the Marcus website. The move comes as the New York-based company inches closer to also providing a checking account through Marcus, with the goal of collecting more than $100 billion in consumer deposits.