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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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Goldman Sachs

Looking Forward to 2022: 8 Emerging Trends That Have the Power to Transform Wealth Management—Again

Looking Forward to 2022: 8 Emerging Trends That Have the Power to Transform Wealth Management—Again

By Louis Diamond and Mindy Diamond, Wealthmanagement.com – A report on 2022 trends for financial advisors explores how the constant push towards something “better” is driving change and paving the way for the fastest evolution the wealth management industry has ever seen.

$500-Mln AUM Goldman Advisor Leaves to Open Texas Office for Midwestern RIA

$500-Mln AUM Goldman Advisor Leaves to Open Texas Office for Midwestern RIA

Mindy Diamond Quoted – By Jake Martin, AdvisorHub – A Goldman Sachs private wealth advisor in Houston has left to open an office in the city for Cresset Asset Management, a Chicago-based registered investment advisory firm.

Hanley Sayers, who began his career in real estate and joined Goldman in 2011, was overseeing $500 million in assets for Goldman customers, a Cresset spokesman said.

A Goldman Sachs Play in the Custody Game: What Could This Mean for Advisors and the Industry At-Large?

A Goldman Sachs Play in the Custody Game: What Could This Mean for Advisors and the Industry At-Large?

By Mindy Diamond, WealthManagement.com – Recent moves by Goldman Sachs appear to indicate the firm is preparing to enter the custody space. What does this mean for financial advisors and the wealth management industry?

Industry Update on Goldman Sachs: What could a new RIA custodian mean for advisors and the industry?

Industry Update on Goldman Sachs: What could a new RIA custodian mean for advisors and the industry?

There have been reports of some significant changes brewing at Goldman Sachs that seem to indicate that the firm is going all-in on the RIA custody business. What does that mean for Goldman Private Wealth Advisors and the industry at large?

Goldman CEO David Solomon is ready to make a push into RIA custody. Goldman Sachs lifts two superstar RIA recruiters from Schwab and Pershing, tipping its hand on a big push into the RIA space, targeting early 2021 custody launch

Goldman CEO David Solomon is ready to make a push into RIA custody. Goldman Sachs lifts two superstar RIA recruiters from Schwab and Pershing, tipping its hand on a big push into the RIA space, targeting early 2021 custody launch

Louis Diamond Quoted – By Oisin Breen, RIABiz – Goldman Sachs made its first major hires — and poaches from Schwab and Pershing RIA custody units — as it prepares to leverage its Folio Financial acquisition for an invasion of their turf. Expect a hard launch early next year.

Life After Goldman Sachs: A Story of Extraordinary Success

Life After Goldman Sachs: A Story of Extraordinary Success

Justin Berman left Goldman Sachs 10 years ago to build his own independent firm, at a time when such a move was much less common. How did he find the courage to leave the Goldman imprimatur, brave the firm’s 60-day Garden Leave, and build the now $3B Berman Capital Advisors? He explains all this and more with Mindy Diamond in this podcast episode.

Goldman Sachs pushes into the independent advisory channel

Goldman Sachs pushes into the independent advisory channel

Louis Diamond Quoted – By Ian Wenik, Citywire – Goldman Sachs, RIA custodian? Industry experts told Citywire that this might be the thinking underlying the financial services goliath’s latest acquisition: Folio Financial, an online broker and custodian in McLean, Va. Financial terms of the transaction, which Folio revealed on Thursday, were not disclosed.

Goldman Sachs splashes out on Folio in RIA custody move and gets a few robo-advisors into the bargain, days after Schwab buys Motif

Goldman Sachs splashes out on Folio in RIA custody move and gets a few robo-advisors into the bargain, days after Schwab buys Motif

Louis Diamond Quoted – By Oisin Breen, RIABiz – Goldman Sachs took another big step into the RIA business with the acquisition of custodian Folio Institutional. The New York giant revealed its acquisition of Folio Financial Inc. today (May 14), with an expected close in the third quarter this year — and the latest overt move by Goldman CEO David Solomon to make his company much more like Fidelity Investments or Charles Schwab & Co.

An Update for Goldman Sachs PWAs

An Update for Goldman Sachs PWAs

By Mindy Diamond – Goldman Sachs Private Wealth Advisors (PWAs) are opting to change jerseys at an eyebrow-raising rate. In the past 3 years, 14 teams, each managing at least $1 billion, have left.  Where they’ve gone has been diverse, but it’s the fact that they are leaving at all that’s most noteworthy.  

An Open Letter to Goldman Sachs Advisors

An Open Letter to Goldman Sachs Advisors

By Mindy Diamond – In the past 3 years, by our count, 14 Goldman Sachs Private Wealth Advisor (PWA) teams managing a $1B or more left the firm. That’s more than the past 2 decades combined. What’s driving the momentum? Where are they all going? What kind of deals did they get?

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