Goldman said this week that it was “currently evaluating alternatives” for its personal financial management business, which encompasses the bank's registered investment adviser operations and supervises about $29b in assets.The business grew out of United Capital, a California-based investment adviser that Goldman acquired for $750m in 2019.
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Goldman Sachs explores investment adviser sale in retreat from mass market
“We expect to find an outcome that benefits both our clients and our advisers,” the bank said of the personal financial management business.
