When the world’s wealthy look for a bank to entrust with their personal fortunes, Goldman Sachs isn’t necessarily on their speed dial.

The firm typically trains its own advisors in lieu of recruiting talent from the competition.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter.

The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.

The firm hasn’t made any decisions about advisor retention bonuses, but some top shareholders will earn tens of millions of dollars once the deal closes.

The Reverence Capital Partners-backed network would expand into nine subsidiary brands with 11,500 advisors under the deal, taking the selling firm private.

Fresh off rebranding its wealth management business to Avantax, the firm aims to support its smaller but more productive force.

The wealth management unit took in lower revenue from the year-ago period — but executives say its transformation is going according to plan.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

CEO Dan Arnold described the firm's multipronged strategy for further growth.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The policy shift affects the wirehouse’s separately managed accounts.

The firm is finding it harder to squeeze more profit out of its wealth management business.

The firm’s shares presumably trailed rivals for a reason — did anything from the third quarter drastically change those views?

Advisors are not "non-for-profits,” CEO James Gorman said.

The firm's compensation plan, which is to remain unchanged for 2019, has turbocharged advisor productivity, an executive says.

The bank has lost a net 1,300 advisors since a fake accounts scandal came to light three years ago.

The bank has been investing in electronic technology and sharpening its focus on trade execution, trying to unseat Morgan Stanley as Wall Street’s top stock-trading shop.