Goldman Said to Transfer Employee Brokerage Accounts to Fidelity
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Goldman Sachs Group Inc. is moving brokerage accounts for some current and former employees with less than $1 million in assets to Fidelity Investments, according to a person briefed on the decision.
The move provides more investment choices and services for employees who don’t fit the firm’s wealth-management focus on high-net worth clients, typically those with assets of more than $10 million, said the person, who asked to remain anonymous because the policy wasn’t public.