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"This is part of the overall restructuring of the firm, back toward its roots," said Stephen Biggar, an analyst at Argus Research.
"They've been unable to carve a path of profitability and scale" for the RIA, which catered to high-net-worth individuals in mass markets outside of Goldman's core, ultra-wealthy clientele, Biggar said.
Publisher: Reuters
Date: 2023-08-21T20:01:28Z
Author: Saeed Azhar
Twitter: @Reuters
Reference: (Read more) Visit Source
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