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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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“We expect to find an outcome that benefits both our clients and our advisers,” the bank said of the personal financial management business.
https://www.ft.com/content/5286af4a-3d89-4814-b45c-ebb67eb4b5b2
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