Personal financial management business grew from United Capital acquisition in 2019
email rounding up the latestGoldman Sachs is exploring a sale of the investment advisory business it acquired four years ago, marking a further retreat from efforts to be a major bank to mass-market customers.
“We expect to find an outcome that benefits both our clients and our advisers,” the bank said of the personal financial management business. Losses from the push into mass-market banking have contributed to pressures on Solomon, who is contending with the most challenging period of his nearly five-year tenure as chief. Aside from plans to sell GreenSky, Goldman last year decided to pare back its Marcus online retail banking business.
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