In a new emphasis on the profitability and growth prospects of its small retail wealth unit, Goldman CEO boasts that average annual production of its 700 advisors is $4.5 million, “much higher than our large bank competitors.”
Goldman Sachs Group Inc. is in discussions to acquire personal-finance startup Clarity Money, with plans to fold it into its Marcus online lender, according to people familiar with the matter.
Goldman Sachs Group Inc. has shaken up management of its U.S. stock-picking unit after billions of dollars in outflows and mediocre performance.
In attempting to build privacy protection into trade-processing systems and to avoid duplicate mailings to institutional and clearing firm customers, Goldman did not issue required disclosure documents to “numerous” customers over six years.
Matthew Babrick and James Wilcox, who jointly produce more than $14 million, to join the aggressive San Francisco-based rival early next year following garden leave.
Nelson Peltz’s battle with Procter & Gamble and other big-company earnings could stimulate trading volume.
Wins court order blocking duo who started an RIA from soliciting for 90 days.
San Francisco-based managing director and most of his 18-person team are setting up a multi-family office for clients with at least $50 million apiece.
Departure of $10-million trio in DC, compounded by wooing back of one, raises questions about bank’s ability to maintain loyalty in its tightknit wealth management unit.