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Goldman's Ayco Rolls Out Financial Services Marketplace for Employees

By Alex Padalka July 9, 2020

Ayco says it has launched a new marketplace offering employees access to various products including loans, insurance and more through their employers.

The Ayco Marketplace offers both Ayco’s own proprietary products as well as those from third parties, including personal loans and savings, student loan refinancing, insurance, investment management and charitable giving, according to a press release from Ayco, the company-sponsored financial planning services provider acquired by Goldman Sachs in 2003.

The new marketplace offers products from Goldman Sachs’ online retail bank platform Marcus, as well as from robo-advice provider Betterment and education loan provider CommonBond, according to Ayco’s website.

In the future, Ayco also plans to introduce annuities, investment accounting and tax preparation, the company says.

Employers working with Ayco will be able to customize the options they offer their employees on an open-architecture platform, according to the press release. 

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Tags:  Technology , Insurance planning , Portfolio management , Goldman Sachs , Betterment

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