Goldman Sachs Looking at Wealth Management for the Mass Affluent

Goldman Sachs continues to be one of the most active companies in all of finance when it comes to new products; they are now looking to expand their Marcus brand to offer wealth management to the mass affluent; these are people outside the high net worth market that Goldman has traditionally focused on; this new product will be built around employers through Goldman’s Ayco division; CFO Stephen Scherr said, “This is a very large market, with $9 trillion in mass affluent customer assets across more than 20 million U.S. households.” Source.