Wealth management has never really featured in Goldman Sachs quarterly results announcements, much less its annual results presentations, or even its annual report and accounts.
The New York-based firm does have substantial wealth management interests, both in the US and elsewhere. But these are subsumed within Goldman Sachs Asset Management (GSAM), its investment management division, along with the activities of The Ayco Company LP, its US-focused wealth management subsidiary.
This may be beginning to change, however.
Given the content contained within its Q1 results presentation wealth management appe...