Goldman Sachs plans to bring wealth management services to the masses.

The firm told the Financial Times it will offer digital wealth management services to individuals with as little as $5,000 from next year.

This robo-adviser is on track to launch in 2020, Joe Duran, the founder of wealth manager United Capital which was bought by Goldman Sachs in May, said.

The minimum investment has not yet been finalised except that it will be “significantly lower” than the firm’s usual offering for clients with $1 million to $10 ...