Goldman Sachs Lures $650M Morgan Stanley Team to Custody Platform
The newly created RIA, Stablepoint Partners, said Goldman’s research, investments and white glove service stood out.
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The newly created RIA, Stablepoint Partners, said Goldman’s research, investments and white glove service stood out.
Goldman Sachs' asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts and index products to wealth managers....
Insiders say Goldman’s new strategy is less a retreat from the RIA marketplace than a realignment.
Despite Goldman Sachs’ sale of PFM, the firm says it’s doubling down on serving RIAs. “We don’t want to compete with RIAs,” said a Goldman Sachs exec.
Dave Dase, head of franchise relationships, will take over for Duran, who will still work with Goldman in a consulting capacity.