Solomon — a part-time DJ and Goldman veteran who became the firm's CEO in October — said the deal will "accelerate" the wealth management strategy by "broadening our reach, allowing more clients to access the intellectual capital and investment capabilities of Goldman Sachs." Goldman Sachs is aiming to diversify away from trading, a troubled part of the bank in recent years. All major US banks suffered revenue declines during the first quarter in fixed income, commodities and currencies, with Goldman's 11% plunge leading the way lower, according to Keefe, Bruyette & Woods. Trading revenue is expected to shrink again during the second quarter due in part to slower trading activity.

https://www.cnn.com/2019/05/16/investing/goldman-sachs-acquisition-united-capital/index.html