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Goldman Sachs to launch digital wealth management services in 2020

Goldman Sachs Group Inc. is looking to launch robo advisory services in 2020, the Financial Times reported, citing Joe Duran, founder of United Capital Financial Advisers LLC.

Duran told the news outlet that Goldman will offer digital wealth management services to clients with as little as $5,000 in investible assets, though he noted the company has not yet finalized the minimum investment.

Goldman acquired United Capital in May for $750 million.