Goldman Sachs Wealth Management Advisers Leave for Rival Banks

The video discusses the trend of wealth teams leaving major banks like Goldman Sachs, UBS, and Morgan Stanley to become independent advisors. Goldman faces a challenge as it aims to increase its advisor count by 30%, conflicting with its recent record revenue in consumer and wealth segments. The issue is not unique to Goldman, as the entire industry is experiencing similar trends. A comparison is made between Morgan Stanley's and Goldman's wealth management assets, highlighting the significance of a $10 billion shift. Despite the talent loss, this is not seen as a direct criticism of Goldman's leadership, as the trend is industry-wide.

What trends are observed in the wealth management industry according to the text?

Discuss the impact of talent loss on Goldman Sachs as mentioned in the text.