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Goldman Sachs Exclusive: To Sell Investment Adivsory Business

Goldman Sachs Group Inc. is currently exploring the possibility of selling off an investment-advisory business it acquired four years ago, as part of CEO David Solomon’s now-questionable ambition to diversify revenue streams beyond catering solely to ultra-wealthy individuals.

David Solomon, chief executive officer of Goldman Sachs Inc., during a Bloomberg Television interview on the sidelines of the Global Investment Summit (GIS) 2021 at the Science Museum in London, U.K., on Tuesday, Oct. 19, 2021. U.K. Prime Minister Boris Johnson is hosting the summit, where as many as 200 CEOs and investors are expected to gather. Photographer: Hollie Adams/Bloomberg via Getty Images
David Solomon, chief executive officer of Goldman Sachs Inc., during a Bloomberg Television interview on the sidelines of the Global Investment Summit (GIS) 2021 at the Science Museum in London, U.K., on Tuesday, Oct. 19, 2021. U.K. Prime Minister Boris Johnson is hosting the summit, where as many as 200 CEOs and investors are expected to gather. Photographer: Hollie Adams/Bloomberg via Getty Images

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