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Goldman set to cap mass market retreat with investment adviser arm sale

Goldman continues retreat from strategy that vied for a wider pool of customers

Wall Street giant is 'evaluating alternatives' for Personal Financial Management business
Wall Street giant is 'evaluating alternatives' for Personal Financial Management business Photo: Michael Nagle/Getty Images

Goldman Sachs looks set to focus on its core Wall Street deals business for a while longer, as it plans to offload part of its wealth business.

The bank confirmed on 21 August it is "evaluating alternatives" for its $29bn investment adviser unit known as Personal Financial Management, according to a statement.

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