Goldman Sachs' wealth managers are taking recruiters' phone calls amid concerns over scandal fallout
The 'betting-against' allegations have some brokers fearful about their ability to attract new prospects
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Farther struts its startup magic and shows why a $375-million RIA can be worth $50 million -- by getting four advisors to bring books of business just to be part of the enterprise
The San Francisco firm claimed its software was at another level and now advisors are betting careers on it, though not of the UHNW variety imagined
November 2, 2022 at 3:27 AM
Goldman Sachs fought the squid, but the squid won as CEO David Solomon puts the United Capital-Ayco RIA back under the control of house asset managers
Solomon acknowledges he's largely reunifying wealth management and asset management to regain synergies after trying to give the in-house RIA agency.
November 1, 2022 at 4:03 AM
Infamous stockbroker resolves civil suit stemming from violent tirade -- the apparent final chapter in an incident that went viral and forever branded him the 'Fairfield Smoothie Guy'
Broker Jim Iannazzo went all out with high-powered attorneys and slick Las Vegas crisis pr team to limit the damage from his actions, but whether he can ever live down the incident remains to be seen.
September 1, 2022 at 5:11 AM
Goldman Sachs RIA custodian delayed indefinitely, as 'technical details' bedevil launch date
The clock is ticking on the New York City investment bank's strategic imperative to strike while TD Ameritrade and Schwab merge, but Goldman may be facing similar obstacles combining with Folio Institutional.
March 16, 2022 at 2:47 AM
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Diamond Consultants
Recruiter
Top Executive: Mindy Diamond
Stephen Winks
Goldman Sachs’ advisory business has changed a bit since it went public. Old hands were focused on building important relationships, now it is more focused on advisor productivity, a turn off and less collegial to more established advisors who feel it is no longer all about the client—but this is the new order of things industry wide and why the RIA route is viewed so attractively.
Yet Goldman is still the best firm on the street. The symbiotic relationship with investment banking, the small number of advisors (350), the unparralleled access to highly sophisticated intellectual capital, a global client base of individuals, industry, governments and sovereign funds that is the envy of the world, prestige even considering the present SEC accusation, all make it difficult for Goldman advisors to find a better place to go. Credit Suisse and Barclays Capital are both engaged in the same practices as Goldman which are legal and common through out the world of finance.
There may be a very small opening for a very few to leave, but there are no serious challenges to Goldman.
SCW
