by Fintechnews Switzerland
April 24, 2024
Betterment, the most important unbiased digital funding advisor in the USA, introduced that it has reached an settlement with Goldman Sachs to accumulate Marcus Make investments’s digital investing accounts.
Marcus Make investments, which presents digitally custom-made funding portfolios to shoppers, will switch these accounts to Betterment within the coming months.
Betterment pioneered digital investing greater than a decade in the past, and as we speak serves greater than 850,000 prospects and manages greater than $45 billion in belongings. Betterment’s diversified, expert-built portfolios, dedication to service excellence, and easy-to-use expertise make it a pure match for Marcus Make investments prospects as they proceed to construct in direction of their monetary objectives.
Goldman Sachs will proceed to deal with its rising Marcus Deposits platform which serves over three million prospects globally and has effectively over $100 billion in shopper deposits.
“This acquisition additional cements our management within the digital investing house,”
mentioned Sarah Levy, Betterment’s CEO.
“We’re excited to welcome these prospects to Betterment the place our scalable expertise platform will proceed to help them on their investing journeys.”
Topic to customary closing situations, the digital investing accounts will probably be transitioned to Betterment on or about June 29, 2024. Clients may have the choice to decide out of this switch in the event that they select to take action. Betterment will solely be buying Marcus Make investments accounts and belongings beneath administration; it is not going to be buying any further accounts, expertise, staff, or operations as part of the transaction.
“As we enhance our deal with our rising Marcus Deposits platform, we made the choice to transition away from our digital funding advisor providing and wished to seek out an awesome dwelling for these prospects,”
mentioned Marcos Rosenberg, international head of Goldman Sachs Marcus.
“Betterment was the plain selection for these accounts as we share a deep dedication to buyer satisfaction. We stay up for persevering with to serve our Marcus Deposits prospects with nice merchandise and an awesome expertise.”
This text first appeared on fintechnews.am
Featured picture credit score: Sarah Levy, Betterment’s CEO and Marcos Rosenberg, international head of Goldman Sachs Marcus