01:06 PM EDT, 04/22/2024 (MT Newswires) -- Betterment said Monday that it agreed to acquire digital investing accounts from Goldman Sachs Group's ( GS ) Marcus Invest.

The accounts will be transitioned to Betterment around June 29, the financial advisory company said.

Betterment said that only Marcus Invest accounts and assets under management will be acquired and not any other accounts, technology, staff or operations as a part of the deal.

The terms of the transaction were not disclosed.