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Goldman Sachs lifts two superstar RIA recruiters from Schwab and Pershing, tipping hand on a big push into the RIA space, targeting early 2021 custody launch

The Wall Street B2B superbrand prepares RIA distribution and poaches Richard Lofgren and Bill Dalton -- with a TD Ameritrade hire potentially in the works -- months ahead of a harder launch.

Author Oisin Breen October 6, 2020 at 11:25 PM
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Goldman CEO David Solomon is ready to make a push into RIA custody.

RIA Custodians


People Moves

Jeff Spears

Jeff Spears

October 7, 2020 — 2:20 PM
Hope their next move is adding trustworthy advisors
Dick Johnson

Dick Johnson

October 10, 2020 — 12:55 PM
How do you possibly have 170 RIA firms with less than a $1M in AUM? Are those just accounts that they forgot to acat out?

Related Moves

March 16, 2022 at 2:47 AM

Goldman Sachs RIA custody No.2 resigns, adding to an exodus at the unit, but insiders say this time the ship is showing signs of righting itself

Cooper Rey is the biggest loss to date, after handing in his notice Thursday morning, but Goldman also has good news after five recent custody wins.

July 23, 2024 at 1:40 PM

Carson Group legal drama discovered by Omaha media with settlement still on table • DPL annuity sales top $3 billion milestone, two months ahead of schedule • Potomac gets serious about Seinfeld • SSGA raids Schwab for technology executive

Carson case develops • After taking 58 months to sell its first $1 billion of annuities, DPL did its third billion in six months • Potomac's Christopher Norton promises to show fun side of RIAs and thanks F-word (fiduciary) video ban • SSGA has a new COO.

July 19, 2024 at 4:34 AM

Farther exhales then reveals that it has poached 10 advisors from Goldman Sachs since September, not without trepidation about poking the squid

The VC-backed RIA stared down legal perils to grab United Capital defectors but is now in 'good shape,' its CEO says, revealing that it grabbed 32 advisors in the past three quarters bringing it to $3 billion AUM

July 12, 2024 at 10:22 PM

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Top Executive: Greg Vigrass

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