Goldman Sachs Sells Wealth Management Division
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Goldman Sachs is sending a clear message to potential customers: You must have at least three houses and a yacht to ride this ride.
The banking giant plans to sell one of its investment advisory divisions to wealth management firm Creative Planning. In ditching a division whose clientele consisted mostly of the "mass-affluent market," the move is yet another sign that Goldman's exclusive preference is the "ultra-rich."
Source Fool.com
