Goldman Sachs' (NYSE: GS) investment management division has always focused on the rich. The average wealth management client in the division has about $50 million under management, and the bank typically has looked for a $10 million minimum for new clients.All of that is about to change. Goldman's rapidly growing Marcus platform, which currently offers personal loan and deposit products, is planning to expand into investment management for everyday Americans -- not just for the wealthy.
Comment on Goldman Sachs’ Marcus Platform Is Ready to Take the Next Step
newsfeedback@fool.com (Matthew Frankel, CFP), The Motley Fool
Tue, 10/23/2018 - 3:32am
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