Goldman Sachs pursuing sale of Personal Financial Management division -sources

Goldman Sachs is pursuing a sale of its mass affluent wealth management division, Goldman Sachs Personal Financial Management, according to sources with knowledge of the situation. 

A spokeswoman for Goldman Sachs declined to comment.

Goldman Sachs Personal Financial Management is the product of Goldman Sachs’ $750m acquisition of retail-focused RIA United Capital Financial Advisers in 2019.