We offer three types of investment accounts: Individual Investment Accounts, Joint Investment Accounts, and Individual Retirement Accounts (IRAs).

We offer three types of Individual Retirement Accounts (IRAs): Traditional IRAs, Roth IRAs, and Simplified Employee Pension (SEP) IRAs. For a comparison chart of these account types, click here.

Marcus Invest makes it easy to automate your investing. We provide portfolio recommendations aligned with your investment timeline and risk tolerance.  Our portfolios are designed to keep costs low and optimized to help balance your investment account’s risk and return. Behind the scenes, our team and technology keep your money at work by monitoring your portfolio daily and rebalancing periodically.

Marcus Invest charges an annual management fee, based on the average daily value of assets held in your account, and deducted at the end of each quarter. This fee covers the cost of asset allocation, trades, daily monitoring, and periodic rebalancing.

You may also see ETF fees. The ETF fees in your portfolio are embedded in the performance of each fund and will not appear as extra charges in your Marcus Invest account.

To see an estimate of your management fee cost, click here.

Through our three portfolio themes, we offer over 50 managed portfolios of stock and bond ETFs that are diversified across asset classes to help balance risk and returns through market ups and downs. Based on your investment timeline and risk tolerance, we’ll recommend a portfolio aligned to your preferences that could help you reach your goal.

We offer 3 different portfolio themes that will help determine the mix of ETFs you’ll be invested in, Goldman Sachs Core, Goldman Sachs Impact and Goldman Sachs Smart Beta: 

• Goldman Sachs Core: For people who believe it’s hard to beat the market’s average returns and prefer to track market benchmarks.
• Goldman Sachs Impact: For people who want to support sustainable business practices and avoid environmental and social harm while tracking market benchmarks.
• Goldman Sachs Smart Beta: For people who are willing to withstand more variability to market benchmarks for potential higher long-term gains, and want to be invested in Goldman Sachs ETFs. Please note that this theme is only available for Individual or Joint Investment Accounts, not IRAs.

We don’t offer employer-sponsored IRAs, SIMPLE IRAs or corporate 401(k) plans. Depending on your employer’s plan, you may be able to roll over certain accounts if you leave or change jobs.

Before deciding to roll over a retirement account, you should consider your personal circumstances and needs. To roll over an existing IRA, please ensure the type of IRA you open with Marcus Invest is the same IRA type (e.g., Roth, Traditional or SEP) as the IRA you plan to roll over, as we do not support rollovers between different IRA types. You can read more about your options for rolling over funds here.

Click here, and follow these three steps to open an account:

1. Tell us about yourself. You’ll answer some questions about what type of account you’d like to open, as well as your spending habits, risk tolerance, and timeline.
2. Choose your portfolio. You’ll select an investment strategy for your portfolio, and approve your portfolio’s allocation of stocks and bonds.
3. Finish setting up. You’ll enter your information and link your bank to fund your account. We’ll take it from there.

Marcus Invest is available to US citizens or those considered US residents for tax-filing purposes. If you’re abroad in certain countries for less than 90 days, you can maintain your existing account, but will be unable to open a new account from outside the US. If you plan to relocate to outside the US, you need to close your account, which we can help you with.

If you are a joint account owner or a beneficiary of a deceased Marcus Invest customer’s account and/or the executor of his/her estate, we’re here to help you navigate the administrative steps you may need to take during this difficult time. Please click here for information about the process for claiming ownership of an account after the owner has passed away, the steps you should take, and the documents we may need to receive.

Yes. After you open an IRA with us, you can begin the process of rolling over your existing IRA, 401(k) or other workplace retirement plan from your Marcus Invest account’s ‘Transfer funds’ page.

If you'd like to roll over an existing IRA, the retirement account you are eligible to rollover to (Roth, Traditional or SEP) is based upon the account type you plan to rollover from:

• Traditional 401(k), IRA, or other Traditional funds can be rolled over into a Marcus Invest Traditional IRA or SEP IRA.
• Roth 401(k), IRA, or other Roth funds can be rolled over into a Marcus Invest Roth IRA.
• SEP IRAs can be rolled over into a Marcus Invest SEP IRA or Traditional IRA.
• Government 457(b), Money Purchase (pre-tax), Defined benefit (pre-tax), or 403(b) (pre-tax) funds can be rolled over into a Marcus Invest Traditional IRA or SEP IRA.

Every person’s tax situation is unique, so please carefully consider your personal circumstances and needs before deciding to initiate a rollover. Marcus Invest does not offer legal or tax advice. Please consult a tax professional, or the IRS website for additional information.

After you open an IRA with Marcus Invest, you can begin the process of rolling over your existing IRA, 401(k), or other workplace retirement plan. Your process will depend on which account type you choose to rollover.

• For rolling over an existing IRA, in advance of requesting a transfer, please make sure you instruct your current provider to sell (but not distribute to you) the entire holdings in your account, so it holds only cash.  After confirming with your provider that your account is liquidated, on your Marcus Invest account information "Transfer Funds" page, select "Rollover" as the transfer type and answer the questions about your specific type of rollover.
• For rolling over a workplace retirement savings plan such as a 401(k), you’ll need to call your plan provider to initiate the transfer. Please be sure you have first initiated the Transfer request from your account Dashboard by clicking “Transfer” and selecting “Rollover” as the transfer type. 

If you’d prefer to initiate the rollover with your plan provider on your own, here’s how to proceed:

First, call your plan provider using the phone number on your statement. You may be asked a few identity-verification questions, including your employee ID number or social security number, so keep that information.    

Second, request a direct rollover either by check or wire transfer.

By Check:

Ask your plan provider to make the check payable to “Apex Clearing FBO” followed by your full name and IRA type. For example:

Apex Clearing FBO Michelle Smith Roth IRA

Note: FBO stands for: "For benefit of.” Please make sure the check is made out to Apex Clearing in the manner described above and not to you directly, so the transaction will be considered a “direct” rollover

Further, provide your 8-digit Account Number (located at the top left of your account information screen) and request that your plan provider include this information in the memo section of the check. Then, please mail it to the following address: 

Apex Clearing Corporation

Attn: Banking Department

350 North St. Paul Street, Suite 1300

Dallas, Texas 75201

We recommend sending the check by certified mail or a similar tracking service to ensure it’s received.

Note: If the check is mistakenly mailed to you instead of the above address, confirm that the check is made payable to “Apex Clearing FBO…” in the manner described above, and mail it to the correct address within 60 days

By Wire Transfer:

Please include the below information:

ATTN: Apex Clearing

Bank Information: BMO Harris Bank, 111 W. Monroe St, Chicago, IL 60603

ABA: 071 000 288

Account Number: 3713286

Client Name: [Your Full Legal Name]

Apex Clearing Account Number: [Your 8-digit account number, located at the top of your account list]

Apex Account Type: [Your IRA type]

Please ensure we receive your funds within 60 days, and note that the transfer may be subject to wire fees.

We support rollovers to the same account type - a Traditional 401(k) can be rolled over into a Traditional IRA (or SEP IRA); a Roth 401(k) can be rolled over into a Roth IRA; a SEP IRA can be rolled over into a SEP IRA (or Traditional IRA). To help determine which IRA account type you are eligible to rollover funds into, please check here. Every person’s tax situation is unique, so please carefully consider your personal circumstances and needs before deciding to roll over a retirement account. Marcus Invest does not offer legal or tax advice. Please consult a tax professional, or the IRS website for additional information, and click here to learn more about rollovers.

As a reminder, you can schedule a call with us at 1-833-720-6468 for assistance. Our hours of operation are Monday through Friday, 9am – 6:30pm ET.

Yes, Marcus Invest may cancel a deposit to help prevent a potential overdraft if the available balance in your linked bank account is less than your requested deposit. Please note that this safeguard only works if you select “Link instantly” to link your external bank account via our secure online platform, or if you make deposits from your Marcus Savings account. We cannot offer this safeguard if you chose to manually link your bank account by selecting “Link manually.”

If you’ve scheduled recurring deposits, we'll attempt to process the next deposit as scheduled. You can reinstate cancelled deposits from your account information page once you have sufficient funds in your bank account.  

Yes, we’ll cancel a recurring contribution to a retirement account automatically if it exceeds the annual limit. If this occurs and you’d like to make a one-time contribution up to the limit for the current tax year, you can do so by selecting 'Transfer funds' on your account Dashboard. Scheduled contributions will resume the following year.

A summary of the IRS’ maximum annual contributions by account type can be found in our IRA comparison chart here.

You can initiate a withdrawal by clicking “Transfer funds” from the top of your account Dashboard and selecting “Withdrawal” from the drop-down menu. From the mobile app, you can tap “Make a transfer” from your account details screen, then select “Withdrawal” from the “Transfer Type” drop-down menu.

Please be aware you may be taxed on any realized investment gains, which may be triggered when you request withdrawals. Taking money out of your IRA is not like taking money out of a savings account: Withdrawals before age 59½ could result in IRS penalties and taxes. Marcus Invest does not offer legal or tax advice. Please consult a tax professional, or the IRS website for additional information.

To set up a scheduled deposit: on your web screen, you can select “Transfer funds” from the top of your account Dashboard; or, from your mobile app, you can select “Make a transfer” from your home screen or account details screen. From there, you’ll be able to make a one-time deposit or set up a recurring series.

You can delete or edit recurring contributions by clicking “Edit” or “Delete Series” from the contribution section of your account Dashboard or from your app’s Invest Account page.

You can begin the process by accessing the “Close Account” link from the ellipses at the top right of your account Dashboard. Alternatively, you can withdraw all your funds and select the “Close Account” option.  Once you have begun the account closure process, you will not be able to reopen your account. However, you will be able to log in for three years to access your account documents.

You must have a linked bank account and no pending transactions in order to close your account. It typically takes up to 4-10 business days to complete your withdrawal. Dividends may be credited for up to three months following closure, so please make sure your linked bank account is active – it will remain linked for this purpose.

If you have an account balance in your IRA, please note there may be potential tax consequences and IRS penalties for withdrawing funds before the age of 59½. Completing a rollover to a new IRA may help mitigate potential implications of closing your Marcus Invest IRA. Marcus Invest does not offer legal or tax advice. Please consult a tax professional, or the IRS website for additional information.

1. Link an external bank account. When you set up your Marcus Invest account, you’ll have the option to link an external bank through our quick and secure online platform. Linking an external bank authorizes us to check your balance before processing contributions, which may help prevent potential overdrafts.Link your Marcus Online Savings Account. This will also be an option when you set up your Marcus Invest account.
2. Manually provide your external bank account information. 
   You can choose to manually provide the routing and account numbers of an external bank account. Please note that this must be a personal account in your name and owned by you (individually or jointly). Your bank must be located in the US. To complete this process, you’ll need to verify the amounts of two small deposits (such as $0.01 and $0.06) which will appear as credits in the account you specify. Marcus Invest will make these deposits within 1-3 business days from the date we receive your information, and you'll then have 10 business days to verify the deposit amounts.
3. Choose a wire or account transfer (For individual and joint investment accounts only). You can also make deposits to investment accounts by wire or account transfer. You can access instructions for either by selecting “Wire transfer” or “Account transfer” from your ‘Transfer Funds’ page.
4. Roll over an existing retirement account. You can roll over an existing IRA, 401(k), or other workplace retirement account. Please see detailed rollover instructions in the FAQ “How do I initiate a rollover to a Marcus Invest IRA?” above. 

Not all external bank accounts can be linked to Marcus Invest. If the account you’re attempting to link isn’t working, you’ll instead need to link a different external account to your Marcus Invest account. Linked accounts must either be personal checking accounts or savings accounts under your name and owned by you (individually or jointly) and must be located in the US.

You can easily change your linked bank account information by logging into your account and clicking “External Accounts" from the dropdown menu located at the top right of the page, or from your app’s Linked External Accounts screen.

1. Link an external bank account. When you set up your Marcus Invest account, you’ll have the option to link an external bank through our quick and secure online platform. Linking an external bank authorizes us to check your balance before processing deposits or contributions, which may help prevent potential overdrafts.
2. Link your Marcus Online Savings Account. This will also be an option when you set up your Marcus Invest account. 
3. Manually provide your external bank account information.If you don’t want us to check your external bank account balance, you can choose to manually provide the routing and account numbers. Please note that this external account must be a personal account in your name and owned by you (individually or jointly). Your bank must be located in the US. To complete this process, you’ll need to verify the amounts of two small deposits (such as $0.01 and $0.06) which will appear as credits in the account you specify. Marcus Invest will make these deposits within 1-3 business days from the date we receive your information, and you'll have 10 business days to verify the deposit amounts.

Assets from a non-retirement account (such as a brokerage or other managed account) must be liquidated and transferred as cash to your linked bank account before being moved over to a Marcus Invest account. Note that selling securities and other assets may have tax implications, so we recommend consulting a tax professional if you have questions about the potential tax implications of any liquidation.

If you already have an open individual or joint investment account with us, you can initiate a direct transfer from your outside investment account to your Marcus Invest account from your Marcus Invest Dashboard. Your current holdings must be liquidated prior to the transfer. 

If you would like to transfer, or roll over, assets from an outside retirement account (IRA, 401(k) or other workplace retirement plan with a former employer), you may do so when you open an IRA account with Marcus Invest. You can learn more about the rollover process here.

At this time, we do not automatically link your other external accounts to your Marcus Invest account.

Please go to your "Manage External Accounts" page. 

Your Marcus Online Savings Account(s) will be pre-authenticated. When you open your investment account, you'll just need to choose your Marcus Online Savings Accounts specifically in order to link it to Marcus Invest. 

You can make withdrawals from an IRA, but please be aware you may be taxed on any realized investment gains, which may be triggered when you request withdrawals. Taking money out of your IRA is not like taking money out of a savings account: Withdrawals before age 59½ could result in IRS penalties and taxes. Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information. 

A transfer from an Online Savings Account to Invest will typically take 1-3 business days. Your funds will typically be invested the business day after they are received. A transfer from Invest to an Online Savings Account will typically take 4-10 business days.

Yes: On your Marcus Invest web screen, select “Transfer funds” from the top of your account Dashboard. On your Marcus Invest mobile app, select “Make a Transfer” from your home screen or account details screen. From there, you’ll be able to either make a one-time deposit or set up a recurring series from your Marcus Online Savings Account and Invest account. Please note that we do not offer recurring transfers from your Invest account to your Online Savings Account at this time.

At this time, we do not automatically link your external accounts on Marcus.com to your Marcus Invest account. To update the linked bank for your Marcus Invest account, you can go to your ’Manage External Accounts‘ page.

A transfer from Marcus Online Savings Account to Invest will typically take 1-3 business days. A transfer from Marcus Invest to an Online Savings Account will typically take 4-10 business days.

Yes, there may be limits on deposits and withdrawals depending how you choose to fund your account. 

For transfers in: you can transfer up to $100,000 in a single instant transfer (an ACH transfer) and there is a daily total transfer limit of $250,000. There are no deposit limits when you conduct a rollover (for an IRA account), or an account transfer or wire (for an individual or joint investment account).  

For withdrawals: you can withdraw up to your available balance. For security purposes, withdrawal requests exceeding $250,000 will be processed in increments up to $250,000. For example, to protect your security, a withdrawal of $300,000 will be broken into two separate transactions ($250,000 and $50,000).   

Through our three portfolio themes (Goldman Sachs Core, Goldman Sachs Impact and Goldman Sachs Smart Beta), we offer over 50 managed portfolios of stock and bond ETFs that are diversified across asset classes to help balance risk and reward through market ups and downs. You can choose among our three portfolio themes, and based on your investment timeline and risk tolerance, we’ll recommend a portfolio aligned to your investment goals and profile that could help you reach your goal. For more information on the investment portfolios we offer, click here.

You can’t choose underlying investments within your portfolio, but you can choose among our three Investment Themes – Goldman Sachs Core, Goldman Sachs Impact and Goldman Sachs Smart Beta –which offer distinct investment approaches. Once you open your Marcus Invest account, you can also revisit your risk tolerance and time horizon preferences for an updated recommended allocation between stocks and bonds.

Alternate ETF options are available. If you wish to impose reasonable restrictions on your chosen portfolio, please contact us.

When you open your account, our automated portfolio recommendation tool will ask you questions about your time horizon (how long you plan to hold the investments), risk tolerance (how comfortable you are with market fluctuations) and preferred Investment Theme (Goldman Sachs Core, Goldman Sachs Impact or Goldman Sachs Smart Beta). Our platform uses this information to generate an automated model portfolio recommendation that matches to your investment profile.

All of our investment portfolios are proprietary and are based on models designed by Goldman Sachs investment professionals. For more information on how we build our portfolios, click here.

Marcus Invest is a digital investment platform, meaning its main functions, including customer experience, our portfolio recommendation tool and account monitoring and rebalancing functions are accomplished by proprietary technology. However, there is frequent human involvement in designing and providing oversight to our investment process, ETF selections, and portfolio recommendations. You can read more about the role of various Goldman Sachs teams in Marcus Invest, including the Investment Strategy Group (ISG), Alternative Investment and Manager Selection (AIMS), the Portfolio Management Group (PMG) and Digital Investing and Advice, on this page.

Rebalancing is the periodic realigning of your account to match your target asset allocation.

Changes to market prices, or inflows and outflows from your account, such as deposits or withdrawals, can change your account’s asset allocation. We regularly review your account to monitor its ETF holdings against your portfolio’s target asset allocation, and will periodically rebalance your account holdings so that they realign with your target asset allocation.

Under certain circumstances, such as volatile market conditions, our investment advisory personnel have the ability to override or delay rebalancing when we feel rebalancing may negatively affect your accounts.

For each investment account you open, you’ll need to select a single investment theme (Goldman Sachs Core, Goldman Sachs Impact or Goldman Sachs Smart Beta). You can change your investment theme after you open your account by selecting your ‘Portfolio’ page from your account Dashboard and then “Change investment theme.”

Marcus Invest portfolios are diversified and can include exposure to some or all of the following asset classes: U.S. Stocks, Foreign Stocks, Emerging Markets, Real Estate, Municipal Bonds, High-Yield Bonds, and Core Fixed Income.

Stocks: Stocks are an investment in a piece of a company. Also known as “shares” or “equity”, stocks play an important role in many investment portfolios.

• U.S. Stocks: U.S. Stock ETFs track a basket, or group, of publicly traded companies based in the United States. These can include companies like Apple or Microsoft.
• Foreign Stocks: Foreign Stock ETFs track a basket, or group, of publicly traded companies based in developed international markets. These ETFs offer exposure to the economies of developed markets such as the U.K., Japan, and Europe.
• Emerging Markets: Emerging Market ETFs track a basket, or group, of publicly traded companies based in developing economic markets abroad.
• Real Estate: Real Estate ETFs track a basket, or group, of publicly traded REITs. REITs (Real Estate Investment Trust) are companies that own, and in some cases operate, income producing real estate. REITs can own many types of commercial real estate, ranging from office and apartment buildings to warehouses, shopping centers, and hotels.

Bonds: A bond is a loan to an organization that is looking to raise a large sum of money to help pay for certain projects.

• Municipal Bonds: Municipal Bond ETFs track the performance of debt issued by municipalities, such as Denver or Los Angeles, across the United States. This asset class could provide income exempt from federal tax, although state and local income taxes can still apply.
• High-Yield Bonds: High-Yield Bond ETFs provide exposure to bonds issued by companies that are below investment grade and may provide attractive income.
• Core Fixed Income: Core Fixed Income ETFs track the performance of various debt investments. These ETFs can offer exposure to highly-rated U.S. corporations, U.S. Treasury, and more.

Rate of return shows how the total value of your investments has increased or decreased over time as a percentage. To calculate this value, we use time-weighted returns (TWR), which is a commonly used way to measure investment performance. TWR is the compounded rate of return of your portfolio over a specified time period that does not reflect any impact from deposits or withdrawals, thus demonstrating how our investment selection impacts your portfolio’s performance.

Please note investments in securities involve risk, and the value of investments and income derived from such investments may fluctuate. Past performance is not a guide of future results. Performance shown on your Dashboard may include investments no longer owned in current or closed accounts. The performance report presents the relevant time weighted performance, which is a combination of daily returns compounded over a specified time period with the removal of the deposit and withdrawal impacts. Aggregate performance may not equal the sum of returns at an investment level. The sum of values in your account activity snapshot may not equal your current account balance due to rounding. Performance for advisory accounts is currently calculated net of fees, if any, and might include investments for which actual market prices are not available as of the date of this statement.

Over time, Marcus Invest may adjust how it calculates performance for certain asset classes or strategies in the future. Performance of cash is generally included in the total performance calculation but not displayed separately. Inception to Date performance returns displayed above are cumulative returns.

Your account’s historical performance is shown on your Invest account information page in the ‘Detailed Performance’ section toward the bottom of the page.

You may notice that we provide two tabs of helpful information: the first tab displays your gains/losses in dollars ($), and we break down this value to show how much of it is due to market changes, dividends, interest and fees; the second tab displays your time-weighted return as a percentage (%), and we show a graph of how your account’s returns have changed over time. You can view these calculations since inception, year-to-date or month-to-date by using the time period drop-down menu at the top.

We track time-weighted returns (TWR), as opposed to simple returns, since this calculation better indicates how our investment selection impacts your portfolio’s performance. Please keep reading for a more detailed explanation.

Time-weighted return

TWR measures how the total value of your investments has increased or decreased over time as a percentage. TWR is your account’s compounded rate of return over a specified time period, meaning the calculation breaks down your account’s performance into sub-periods, which are started each time funds are added or removed from your account. The returns of each of these sub-periods are then multiplied by each other to get the end result, or TWR. This method helps account for the timing of your deposits, withdrawals, and other cash flows so that they don’t distort how your account has performed.

Simple return

By contrast, simple returns are calculated by dividing your total gains or losses by your net deposits. While this is an easier performance metric to work out on your own, it does not consider the timing of cash transfers into and out of your account. Your simple return could only equal your TWR if there is one cash transaction, such as your initial deposit into your account. Once there is any additional cash flow (even if it’s a dividend or interest payment), your simple return may be different than your TWR.

Since the market value of your account’s assets fluctuates during the day, the default “as of” date for your account’s performance will typically be the previous trading day.

Occasionally, performance may reflect information from a day prior to the previous trading day or be temporarily unavailable. We ask for your patience in these rare instances, which are typically due to a delay in access to relevant data, and which are usually resolved within a few days. We suggest simply checking back on your account at a later time for updated “as of” information.  

Your performance won’t be displayed only if we are making improvements to our platform or if data is currently not available, so please don’t worry. We ask that you remain patient, since the “as of” date may update within a few days or even just a few hours.

It’s possible for your time-weighted return to be positive while your gains/losses are negative, or vice versa. This situation can arise after you make a large deposit or withdrawal, especially when there is market volatility, and it’s due to how time-weighted returns (TWRs) are calculated – please see “Why does Marcus Invest calculate performance using time-weighted returns?" for more detailed information. 

Balance shows the most recently-priced market value of the assets in your account, plus ACH deposits that have been initiated but not yet received. While pending ACH deposits are reflected in your current account balance, it generally takes one business day before funds are invested in your portfolio after they’ve been received. Completed rollovers, wires and ACATs will be reflected in your balance one business day after such assets have been received from our custodian. It doesn’t reflect the potential impact of any intraday trades.

Your balance will reflect withdrawals the business day after they are completed. On your account Dashboard, you can refer to your detailed performance section’s “Ending balance” to check on your balance available for withdrawal.

Change shows the change in market value of ETFs held in your account from the previous business day’s closing price to the time indicated. It represents the impact of market changes to your account on a given day, and is provided to you both as a dollar amount and in percentage terms on your account Dashboard. It doesn’t reflect the potential impact of any intraday trades, pending deposits or withdrawals.

To understand and evaluate your account’s long-term investment performance, you should refer to the 'Detailed Performance' section of your account Dashboard.

We use delayed pricing data to update your ETF market values through the day. The delayed market data is generally delayed by 15-20 minutes when available. We rely on pricing received from your custodian (Apex Clearing Corporation) when delayed market data is not available.

Investments involve risk, and past performance does not guarantee future results.

For more information on your balance and daily changes, please contact [email protected].

Your balance history will not be displayed when you have recently opened your account, and funds have not yet been credited. The process typically takes 1-3 business days for electronic (ACH) transfers, but may take longer for rollovers or wire transfers. As soon as your transferred funds have been credited to your account, your balance history will be tracked, and historical balance information will be available.

Otherwise, an unavailable balance history may occur due to scheduled platform maintenance or improvements, or when data is temporarily unavailable. In all cases, your balance history should be restored within a few days or even just a few hours.

The Interactive Investment Tool on the Marcus Invest page is an interactive analysis tool which shows model performance based on Marcus Invest’s Core portfolio theme in an investment account over a period of time and with an asset allocation selected by the user. 

This Interactive Investment Tool shows model returns of portfolios in individual or joint investment accounts with the Core portfolio theme, based on asset allocation models designed and maintained by GS&Co.’s Investment Strategy Group (“ISG”), since September of 2018. The portfolios were previously offered to a select set of clients through a proprietary ‘GS Invest’ platform, available to corporate clients of Goldman Sachs. The portfolios were transitioned and re-introduced to Marcus Invest customers in February 2021. The model is aggregated daily and is shown net of management fees applied on a quarterly basis. Returns are calculated for a specific period of time based on an initial investment amount as chosen in the Interactive Investment Tool.

The Interactive Investment Tool reflects only three of the possible 10 asset allocations offered by Marcus Invest: “conservatively moderate” is represented as 60% fixed income ETFs/40% equity ETFs; “moderate growth” is represented as 40% fixed income ETFs/60% equity ETFs; and “high growth” is represented as 20% fixed income ETFs/80% equity ETFs.

Marcus Invest offers a spectrum of risk allocations, ranging from 100% equity ETF allocation (which is the highest risk allocation portfolio we offer) to 10% ETF equities and 90% fixed income ETF allocation (the lowest risk allocation portfolio we offer). In total, we offer 10 different levels of risk in our portfolios. We selected the representative portfolios in the interactive analysis tool based on the three most common portfolio asset allocations for Marcus Invest.

“Conservatively moderate” is represented as 60% fixed income ETFs/40% equity ETFs; “moderate growth” is represented as 40% fixed income ETFs/60% equity ETFs; and “high growth” is represented as 20% fixed income ETFs/80% equity ETFs.

We show the Core portfolio theme in the tool because it has a longer track record than some of the other portfolio themes offered by Marcus Invest. Our Impact and Smart Beta portfolio themes were launched in February of 2021, while the year of initial investment for the Core portfolio theme is September 10, 2018.

Currently, we do not display historical performance. The Interactive Investment Tool displays hypothetical performance based on models. Please note that projections or other information generated by the Interactive Investment Tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time. Investing entails risk, including loss of principal. This calculator is provided as an educational tool for your independent use and is not intended to provide financial planning or investment advice.

Marcus is subject to regulatory obligations that require us to determine potential clients’ suitability based on their financial situations and investment objectives. Sometimes we determine an investment account is not appropriate for certain individuals at the time of their application. Our custodian, Apex Clearing Corporation, is subject to similar regulatory obligations, and may disqualify client applications on similar grounds.

There are also certain age, geography and residency requirements you must meet in order to open a Marcus Invest account. Marcus Invest is currently only available for individuals who are at least 21 years old, are located in the United States, and are US citizens or residents for tax-filing purposes with a residential (not commercial or P.O. box) US address. 

Before opening or maintaining a Marcus Invest account, please ensure that you or a related person have received approval from your firm to do so.

• If the firm that you or a related person are affiliated with requires duplicate statements and confirms, please email Marcus Invest Support at [email protected].
• If you or a related person are no longer employed by FINRA or a FINRA member, please email Marcus Invest support at [email protected] to cease delivery of duplicate statements.
  

As a reminder, related persons include spouse, parents, siblings, children, step-family members, in-laws, any household member, or anyone to whom you provide material support.

FINRA members include the following:

• FINRA-registered broker-dealers
• Domestic or foreign non-FINRA-registered broker-dealers
• Investment advisors
• Trust companies
• Insurance companies
• Investment companies

A trusted contact is someone 18 years old or older who can be reached by Marcus Invest (or your custodian, Apex Clearing Corporation), if we encounter suspicious activity related to your account and are unable to contact you. A trusted contact person may be asked to disclose account information or confirm your status regarding health, legal guardianship, executorship, trusteeship or matters related to power of attorney. Marcus Invest or Apex may also place a temporary hold on disbursements of funds or securities from your account if either party believes it’s appropriate.

Providing a trusted contact person’s information, which can be done from your ‘Invest profile’ page, is optional. A trusted contact will not be able to access your account, or transfer assets to or from your account. 

We ask for your Social Security Number (SSN), or Individual Taxpayer Identification Number (ITIN), for security and tax reporting purposes, and to legally verify your identity. The security of your data is very important to us and we make it a priority to protect your privacy and safeguard your account information. Please visit the Security Center for more information. 

Marcus Invest is available to US citizens or those considered US residents for tax-filing purposes. If you’re abroad in certain countries for less than 90 days, you can maintain your existing account, but will be unable to open a new account from outside the US. If you plan to relocate to outside the US or US territories, you need to close your account, which we can help you with.

There are three types of fees:

Marcus Invest charges a quarterly management fee, based on the average daily value of assets held in your account. This fee covers the cost of asset allocation, trades, daily monitoring, and periodic rebalancing. To see an estimate of your management fee cost, you can review a detailed fee breakdown by searching for marcus.com online, and then selecting “Our Pricing” under the Investments tab.

All ETFs charge an ETF fee to cover their management and operational costs. The ETF fees in your portfolio are embedded in the performance of each fund and will not appear as extra charges in your Marcus Invest account.

Marcus Invest covers any additional fees for ancillary services such as requests for printed statements, check copies or account ownership transfers.

For additional information on Marcus Invest fees and charges, you can review the Goldman Sachs & Co. Marcus Invest ADV Part 2 Brochure.

Fees accumulate daily and are calculated based on your account balance at the end of the latest business day. You’ll pay accrued fees at the end of each quarter. To pay your fees, we automatically deduct cash available in your account and, when necessary, sell ETFs to raise additional funds for fees owed.

You can review a detailed fee breakdown here.

Though there are exceptions, most early withdrawals from a Traditional or SEP IRA will result in taxes and penalties. Withdrawals of contributions (not earnings) from a Roth IRA, however, can be made at any time without incurring taxes or penalties.

Every person’s tax situation is unique. Marcus Invest does not offer legal or tax advice. We strongly encourage you to contact a tax professional or consult the IRS website to determine if an early withdrawal is right for you.

A wash sale is the sale of a security, such as a stock, bond or Exchange-Traded Fund (ETF) at a loss, followed by the purchase of that same security (or a substantially identical security) within 30 days. The wash sale rule is an IRS regulation that prohibits a tax deduction for a loss resulting from a wash sale. This rule is designed to prevent investors from selling securities at a loss to claim a tax benefit and then replacing the securities with similar exposure.

Wash sales may occur when you request changes to or withdrawals from your account, or when we perform periodic rebalancing. These activities may impact your tax situation. Your custodian, Apex Clearing Corporation, will monitor potential wash sale transactions that happen in your account, and adjust your cost basis and year-end tax forms accordingly. Please note that the wash sale rule can apply to securities across all of your and your spouse’s investments accounts.

Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

Profits from the sale of securities (including any required adjustments), such as stocks, bonds or ETFs, are regarded as realized investment gains or capital gains. Long-term gains are defined as gains on investments you held for more than a year and are generally subject to lower taxes than short-term gains, defined as gains on assets you held for a year or less.

Withdrawals, model changes or rebalancing your account can occasionally lead to such gains, and can have tax implications. Your custodian, Apex Clearing Corporation, will provide tax statements at the end of the year that summarize your realized gains and losses. Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website regarding your personal circumstances and needs. 

The Consolidated 1099 is an IRS form that details tax reporting information for taxable investment accounts. It reports information such as any dividends you’ve been paid, and any realized gains or losses resulting from security sales. You’ll need to submit this form when you file your taxes.

Your custodian, Apex Clearing Corporation, will deliver your Consolidated 1099 to you by mid-February. You can also download it at this time by logging in to your account and selecting “Documents.”

If you contributed to an IRA in the preceding tax year, you’ll receive IRS Form 5498 from your custodian, Apex Clearing Corporation (who’ll also mail a copy to the IRS). This form reports your contributions for the year, the required minimum distributions taken, and the fair market value of your IRA. You don’t need a 5498 to file your taxes. Your 5498 will be delivered to you and made available for download in late June.

IRS Form 1099-R reports distributions from your IRA during the calendar year. It indicates the total gross distribution and any federal, state, or local tax withheld, and should be filed with your taxes. You’ll only receive a 1099-R if you’ve made a withdrawal (of $10 or more) from an IRA. We’ll deliver your 1099-R to you in early February, or you can download a copy by logging in to your account and selecting “Documents.”

IRS Form 1099-R will indicate there was an early withdrawal from your IRA, and should be filed with your taxes. If you withdraw funds from your IRA before age 59½, you may subject to a 10% penalty.

Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

Specific circumstances may make certain IRA withdrawals exempt from this penalty, including:

• Corrective contributions, such as those taken out of your IRA to avoid over-contributing.
• Certain qualified higher education expenses.
• Up to $10,000 toward the purchase of a first home.
• Paying health insurance premiums while unemployed

Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

Annual contribution maximums can be found in our IRA comparison chart here. They depend on which type of IRA you have, as well as factors such as age, income and when you plan to withdraw your money.

Marcus Invest will automatically pause your contributions for you when they could put your Marcus IRA over the IRS annual contribution limit.  If you do not make any changes, your scheduled contributions will resume next year so that you can continue to save for your future.

Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

April 18, 2023 is the last day to make 2022 tax year contributions.  All contributions to your Marcus Invest IRA after 12:00pm EST on that date will be for the 2023 tax year.

Yes, Marcus Invest will automatically pause your IRA contributions if they would exceed IRS annual maximums.

You may receive one or more of the following forms, which will be sent to by your custodian, Apex Clearing Corporation. These forms will also be available to you when you select “Documents” from the top navigation of your Dashboard.

1099-R: Necessary for filing your taxes.

You’ll receive a 1099-R if you’ve made a withdrawal (of $10 or more) from an IRA. You can expect to receive this document in early February.

Consolidated 1099: Necessary for filing your taxes.

The Consolidated 1099 is a packet consisting of one or more forms that will be sent to you if your individual or joint investment accounts meet certain criteria. The Consolidated 1099 is for taxable accounts only (not IRAs), and the forms it may include, and their criteria, are as follows: 

• 1099-DIV: Included if you’ve received dividend payments on your taxable account. 
• 1099-INT: Included if you’ve received at least $10 in interest payments for the tax year.
• 1099-B: Included if there were any sales in your account, typically due to withdrawals or rebalancing.

5498: Not necessary for filing your taxes.

Form 5498 reports contributions to your IRA for the prior year, required minimum distributions (RMDs) taken, and the fair market value of your IRA. While you don’t need this form to file your taxes, you should keep it for your records. You can expect to receive this form in late June.

RMDs are annual withdrawals required for most retirement plans (including Traditional and SEP IRAs) starting at age 73 (or age 72 if you turned 72 on or before December 31, 2022). RMDs are set by the IRS and apply to both Traditional and SEP IRAs; failure to take RMDs from these accounts may result in tax penalties. RMDs do not apply to Roth IRAs for original owners of the account. Please visit the IRS website for additional information on RMDs.

When RMDs are required for your Marcus Invest IRA, your account’s custodian, Apex Clearing Corporation, will mail you an annual breakdown of your RMDs for the upcoming year. You can expect to receive this letter by February. Marcus Invest will not take additional measures to monitor or confirm your taking of RMDs.
 
Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

You have the right to revoke your IRA within 7 days of the receipt of the legal agreements.

To start the process, please contact us at [email protected]. We’ll then provide written notice to the account custodian, Apex Clearing Corporation.

In most circumstances, if you make withdrawals from your IRA before turning 59½, the withdrawal will be considered an “early distribution,” which is subject to a 10% penalty by the IRS. Marcus Invest does not offer legal or tax advice. Please consult a tax professional or the IRS website for additional information.

A primary beneficiary is someone you select to receive assets in the event of your death. A contingent beneficiary is designated as next in line to receive assets should your primary beneficiary pre-decease you. You can set up primary or contingent beneficiaries for any Marcus Invest IRA account.

You can add both primary and contingent beneficiaries for any IRA account. You can set up and edit your primary beneficiary information by logging into your account and clicking “Beneficiaries” from the dropdown menu located at the top right of the page. You may add up to six primary beneficiaries for each IRA account. To set or change any contingent beneficiary information, please contact us at 1-833-720-6468.