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
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 – 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 – 2:47 AM
Oisín's Bits: Betterment now a robo roll-up with Canadian IPO as catalyst • Insurers risk regulation for COVID-19 coverage delays • Vanguard shifts Asia focus to China's vast mom-pop retail market
Betterment rolls up a robo • The CFA warns insurers over COVID-19 life polices • Vanguard names Chinese fund head to pursue $6 trillion market.
March 5, 2021 – 1:16 AM
Oisín's Doubletakes: Clara Shih returns to Salesforce after 11-year hiatus • Focus reloads for M&A with $500 million debt raise, taking its credit north of $1.5 billion • Goldman Sach's 2020 partners list looks less homogenous -- even 'accretive' of women
Former HearSay CEO returns to her mother corporation • Focus Financial Partners debt levels soar 50% on fresh debt issuance • Goldman adds diversity, but snubs Marcus partnerships
February 6, 2021 – 2:39 AM
See more related moves
Top Executive: Mindy Diamond
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.