Will the Robo Survive? More Consolidation Seen Ahead

Betterment’s acquisition of Goldman Sachs’ Marcus Invest robo-advisor could signal further consolidation in the space, consultants say. Goldman’s selling Marcus “seems to be part of their unwinding of their attempt to be more retail-focused,” said Craig Kilgallen, director of relationship management at FUSE Research.

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Article published on April 24, 2024