thewealthnet

Goldman should take heed from UBS's robo-failure as it enters mass-affluent market

News Team, 23/04/2019

Goldman Sachs's move into the mass affluent market is likely to generate renewed growth for the American behemoth, a survey suggests.

Average investment bank revenue fell 12 percent year-on-year in Q1, and last week Goldman's chief financial officer Stephen Scherr said the firm would launch a platform that targets the next tier of wealth. The platform is likely to include digital capabilities, and some options to speak to a human adviser.

Sergel Woldemichael, wealth management analyst at GlobalData, said technology m...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM