Goldman Sachs Delaying Launch of Robo-Advisor

For now, if you want financial advice from Goldman Sachs (NYSE: GS), you'll have to obtain it from a human associate of the company. In remarks made during a presentation at a financial services industry conference, the company's president and COO John Waldron said it wouldn't launch its planned robo-advisory service this year.

The decision is due, as with many changes in business strategy around the world lately, to the economic slowdown caused by the SARS-CoV-2 coronavirus outbreak.

Image source: Goldman Sachs.

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Source Fool.com