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Goldman Sachs will sell its automated investment business for the general public to Betterment. On April 23rd, it was announced that after reaching a deal with Betterment, Goldman Sachs Group will close its automated investment business for the general public. The bank has reached an agreement to transfer clients and assets from Marcus Invest's business to Betterment, a $45 billion digital investment consulting firm. The transfer is expected to be completed by the end of this quarter. "This acquisition further consolidates our leadership position in the digital investment field," said Sarah Levy, CEO of Betterment, in an email statement
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