New customers and assets to scale our award-winning retail platform
new york, April 22, 2024 /PRNewswire/ — improvementthe world's largest independent digital investment advisor. USannounced today that it has reached an agreement with Goldman Sachs to acquire Marcus Invest's digital investment accounts. Marcus Invest, which provides consumers with digitally customized investment portfolios, plans to transfer these accounts to Betterment in the coming months.
Betterment pioneered digital investing more than a decade ago and now serves more than 850,000 customers. $45 billion Among the assets. Betterment's diverse, expert-built portfolio, commitment to exceptional service, and easy-to-use technology make it a natural fit for Marcus Invest's clients as they continue to build toward their financial goals.
Goldman Sachs remains focused on growth marcus deposits Platform serving over 3 million customers worldwide $100 billion in consumer deposits.
“This acquisition further solidifies our leadership in the digital investment space.” Sarah Levy, CEO of Betterment. “We are pleased to welcome these customers to his Betterment, where our scalable technology platform will continue to support their investment journey.”
Betterment combines powerful technology with personalized support to meet customers where they are. Marcus Invest customers can now enjoy automated investing, diversified portfolios, and valuable tax-friendly tools by transferring their accounts to Betterment. You also have access to different types of accounts, planning tools, educational resources, and human advisors, depending on your preferences.
Subject to normal closing conditions, digital investment accounts will be migrated to Betterment on or about the same day. June 29, 2024. You have the option to opt-out of this transfer if you wish. Betterment simply acquires Marcus Investments' accounts and assets under management. No additional accounts, technology, employees or operations will be acquired as part of the transaction.
“As we increase our focus on our growing Marcus Deposit platform, we decided to transition from offering digital investment advisors and wanted to find the right home for these customers.” said. Marcos Rosenberg, Marcus, Global Head of Goldman Sachs. “Improvement was a natural choice for these accounts as we share a deep commitment to customer satisfaction. We look forward to continuing to provide great products and great experiences to Marcus Deposit customers.” Masu.”
Learn more about. www.Betterment.com.
About improvements
Betterment LLC (“Betterment”) The largest independent digital financial advisor, uses automated technology that leverages human expertise to accomplish a single mission: to make people's lives better. Betterment provides easy-to-use savings, investing, and retirement solutions built to help people optimize their money, regardless of their level of experience or market trends. Founded in 2010, Betterment helps manage more than 850,000 customers. $45 billion It features a carefully selected investment portfolio built by experts at a low cost. Individualized instruction. And tax-friendly tools. The company has won multiple awards for its investment apps, including WSJ's Buy Side (2024) and Bankrate (2024). For more information and additional information about these awards, please visit: https://www.betterment.com/#award-disclosure.
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