Goldman Sachs Explores Partial Sale of its Wealth Advisory Business

Posted on 08/21/2023

The Goldman Sachs Group, Inc. is contemplating the sale of part of its wealth business. Goldman Sachs is evaluating alternatives for its registered investment adviser (RIA) unit, called Personal Financial Management (PFM), which manages about US$ 29 billion, it said in a statement. Goldman Sachs is seeking to focus back to serving the ultra-rich and…

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