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.
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.
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.