The firm had received margin calls from counterparties including BNP Paribas after its trades went awry, people familiar with the matter said.

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

The advisors had generated $20 million in production at Goldman Sachs, according to their new employer.

“We are embracing the bank model,” Chief Financial Officer Stephen Scherr said.

United Capital has a new name, but key challenges remain for its new owner.

Buyers yanked $2.9 billion from the sector in the final days of January, nearly wiping out gains so far this year, data show.

The Wall Street giant reveals how it plans to capture a bigger share of the HNW and mass affluent markets.

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

Banking and robo advice will be part of the new digital offering, United Capital's CEO says at MarketCounsel.

Mergers and acquisitions involving wealth advisors and brokers reached a seven-year annual high in November, according to data compiled by Bloomberg.

The Wall Street giant has built an automated advice platform and is considering how to release it to the mass affluent market.

In two weeks since the Tiburon Conference, there have more than $2.7 billion withdrawals from Fisher Investments.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

Funds of funds, pensions, consultants, family offices and endowments have pulled $16.4 billion from generalist long-short equity funds this year.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

“As we’ve gone through various crises, we’ve still told clients to stay invested and not get out of U.S. equities, it’s too early,” said Sharmin Mossavar-Rahmani, CIO for Goldman’s Private Wealth Management.

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

Just five asset managers hold about 80% of the new money added to the municipal-bond market this year.

Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services.