The bottom line: Marcus Invest brings the investment expertise of Goldman Sachs to its robo-advisor offering for a 0.35% management fee. Marcus Invest has a higher investment minimum than most robo-advisors, but offers multiple investment strategies.
Pros & Cons
Impact and smart beta strategies.
High-yield savings account option.
$1,000 account minimum.
No human advisor access.
No tax-loss harvesting.
Compare to Other Advisors
no promotion available at this time
Up to 1 year
of free management with a qualifying deposit
career counseling plus loan discounts with qualifying deposit
Get more smart money moves — straight to your inbox
Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.
Marcus Invest offers investment management with a $1,000 minimum for a 0.35% fee. Based on your personal factors, Marcus Invest will recommend a conservative, moderate or aggressive portfolio and then manage it for you by rebalancing the account when it shifts too far from your target allocation. The service also allows you to choose between three investment strategies: Core, Impact and Smart Beta.
Marcus Invest is best for:
Socially responsible investors.
Investors looking for a high-yield savings account.
Marcus Invest at a glance
Account management fee
Investment expense ratios
Core portfolios: 0.05% - 0.16% Impact portfolios: 0.11% - 0.19% Smart Beta portfolios: 0.15% - 0.17%
Marcus Invest will apply a credit for the expense ratios on Goldman Sachs ETFs (included only in Smart Beta portfolios).
Wire transfer (domestic): $25.
Outgoing account transfers (full or partial): $75.
Portfolio mix is generally well-diversified but lacks exposure to international bonds.
Socially responsible portfolio option is available for no extra charge.
Individual and joint investment accounts and traditional, Roth and SEP IRAs.
Marcus Invest sells your assets with the lowest taxable gains first to help minimize your tax bill.
Free on an as-needed basis.
Human advisor option
Bank account/cash management account option
High-yield savings account with a rate of 0.50% APY.
Customer support options (includes website transparency)
Customer support is available Monday through Friday, 9 a.m. to 6:30 p.m. Eastern time by phone, email or chat.
Where Marcus Invest shines
Multiple investing strategies: Marcus Invest doesn’t offer just one strategy, but three: a Core portfolio, an Impact portfolio and a Smart Beta portfolio. The Core strategy is designed to track market benchmarks while delivering risk mitigation.
Socially responsible investors will be interested in the Impact portfolio, which invests in funds that meet certain environmental, social and governance, or ESG, criteria. That means your portfolio can help support sustainable business practices and avoid those that may cause environmental and social harm. In particular, this portfolio avoids investing in coal, tobacco and firearms.
Finally, the Smart Beta portfolio seeks to outperform the market. This portfolio is the only one that includes Goldman Sachs exchange-traded funds, or ETFs, and Marcus Invest will refund the ETF fees (also known as expense ratios) for Goldman Sachs ETFs back to your account. For example, if the expense ratios on your Goldman Sachs ETFs total $10 per year, Marcus Invest will subtract $10 from the advisor fees you owe.
High-yield savings account: Marcus offers a high-yield savings account with a 0.50% annual percentage yield as of this writing, which is currently one of the best APYs available from a robo-advisor that offers a savings account. The savings account also has no fees, no minimum deposit, and same-day transfers of up to $100,000 to or from other banks.
Automatic rebalancing: Though fairly common for robo-advisors, Marcus Invest offers automatic rebalancing when your asset allocation strays too far from its preset benchmarks.
Where Marcus Invest falls short
Higher-than-average account management fee: An annual 0.35% management fee is on the higher end of the robo-advisor spectrum, with many charging 0.25% or less.
Account minimum: Marcus Invest requires a $1,000 account minimum. Many robo-advisors offer services with no account minimum. Some have $500 minimums, but few have minimums of $1,000 or higher.
No tax-loss harvesting: Marcus Invest doesn't offer tax-loss harvesting, a practice offered by several other robo-advisors that's designed to reduce capital gains taxes on taxable accounts. However, the service does employ a tax-lot relief methodology, which sells assets with the lowest capital gains first in an attempt to minimize taxes.
No advisor access: Marcus Invest doesn't offer any access to financial advisors, which may not matter to you if you’re just looking for investment management. But some robo-advisors such as Wealthsimple and Wealthfront give clients access to financial advisors for free. Others like Betterment and Ellevest allow you to pay a fee to meet with a professional.
Is Marcus Invest right for you?
If you’re looking for investment management and a high-yield savings account, Marcus Invest could be a good option. The three different investment strategies are attractive features, but the $1,000 minimum and higher-than-average fee may turn off some investors.
» How does Marcus Invest stack up? See our list of the best robo-advisors
on Marcus: by Goldman Sachs's website
How do we review robo-advisors? Here’s our methodology.
NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players, using a multifaceted and iterative approach. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs.
DATA COLLECTION AND REVIEW PROCESS
We collect data directly from providers, and conduct firsthand testing and observation through provider demonstrations. Our process starts by sending detailed questionnaires to providers to complete. The questionnaires are structured to equally elicit both favorable and unfavorable responses from providers. They are not designed or prepared to produce any predetermined results. The questionnaire answers, combined with product demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.
Evaluations vary by provider type, but in each case are based upon the weighted averages of factors that include but are not limited to: advisory and account fees, account minimums and types, investment selection, investment expense ratios, trading costs, access to human financial advisors, educational resources and tools, rebalancing and tax minimization options, and customer support including branch access, user-facing technology and mobile platforms.
Each factor can involve evaluating various sub-factors. For instance, when gauging the investment selections offered by robo-advisors, 80% of the score is based on the potential for diversification (how well-diversified a resulting portfolio of investments could be) combined with the availability of specialty portfolios and level of customization for investors. Expense ratios form an additional 10% of the score, and low or no management fee the remaining 10%.
The weighting of each factor is based on our team’s assessment of which features are the most important to consumers and which ones impact the consumer experience in the most meaningful way. The factors considered, and how those factors are weighted, change depending upon the category of providers reviewed.
Writers and editors conduct our broker reviews on an annual basis but continually make updates throughout the year. We maintain frequent contact with providers and highlight any changes in offerings.
THE REVIEW TEAM
The review team comprises seasoned writers, researchers and editors who cover stocks, bonds, mutual funds, index funds, exchange-traded funds, alternative investments, socially responsible investing, financial advisors, retirement and investment strategy on a daily basis. In addition to NerdWallet, the work of our team members has been published in The New York Times, The Washington Post, Forbes, USA Today, Bloomberg News, Nasdaq, MSN, MarketWatch, Yahoo! Finance and other national and regional media outlets.
The combined expertise of our Investing team is infused into our review process to ensure thoughtful evaluations of provider products and services from the customer perspective. Our writers and editors combine to have more than 70 years of deep experience in finance, ranging from a former Wall Street Journal reporter to a former senior financial advisor at Merrill Lynch.
CONFLICTS OF INTEREST
While NerdWallet does have partnerships with many of the reviewed providers, we manage potential conflicts of interest by maintaining a wall between our content and business operations. This wall is designed to prevent our writers and the review process from being influenced or impacted by our business partnerships. This way, all reviews can provide an unbiased review that serves the interests of our users. For more information, see NerdWallet’s editorial guidelines.