Goldman loses $180M advisor to Dynasty-backed firm

A Goldman Sachs advisor who managed $180 million in client assets has left to join Corient Capital Partners, the firm says.

Advisor Robby Saggu will serve as a managing director at Corient, which is affiliated with Dynasty Financial Partners, according to the firm. Saggu will operate out of the RIA’s Newport Beach, Calif., headquarters.

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Corient was founded late last year by seven advisors from Merrill Lynch’s Private Banking & Investment Group, an elite brokerage unit that serves ultrawealthy clients. The breakaway teams managed a combined $3.3 billion in client assets at the wirehouse.

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With Saggu's addition, Corient's non-partner headcount is now six, according to the company’s website.

Darren Henderson, one of the founding partners at Corient, said in a statement that Saggu was recruited for his experience and “impeccable resume.”

Saggu is making the career move after a decade at Goldman, where he worked as a private wealth advisor in San Francisco and Los Angeles. It was his first job in the industry after obtaining his Series 7 license in 2006, according to FINRA BrokerCheck records.

A spokesperson for Goldman Sachs could not be immediately reached for comment.

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