September 5, 2023
By Mason Braswell
At least four advisors with Goldman Sachs’ Personal Financial Management unit have hit the exit amid its sale of the $29 billion-asset unit to advisory firm Creative Planning.
One team, including Jonathan “Jon” Blumenthal, Timothy R. Harder, and Brandon M. Ross, resigned last week to launch Quotient Wealth Partners in the Dallas suburb of Irving, according to registration records and two sources familiar with their practice. The sources said their team may have managed as much as $4 billion in assets.
The three are owners of the new firm, which contracted with service provider Dynasty Financial Partners for back office support and sold a portion of its revenue to Dynasty, according to its Form ADV. QWP custodies with Charles Schwab Corp. and Fidelity Investments, according to the filing.
Blumenthal, Harder and Ross had all joined Goldman PFM predecessor United Capital in 2011, when it purchased their practice, Peak Capital Investment Services. Peak had around $600 million in assets, according to an announcement at the time.
