Goldman Sachs Appoints New Head of Personal Financial Advisors

Goldman Sachs Personal Financial Management Group has appointed David Fox, most recently Southwest Regional Head for Goldman Sachs Private Wealth Management, to lead PFM Advisors, a newly created role, according to a note shared by Stephanie Cohen and Tucker York, Global Co-Heads of Consumer and Wealth Management at Goldman Sachs.

Fox will report to Larry Restieri and Joe Duran, co-heads of the company’s personal financial management group.

Early last year, Goldman combined Ayco, which provides company-sponsored workplace financial planning, and Personal Financial Management, its rebranded United Capital business, under a single entity called Goldman Sachs Personal Financial Management. Group.

Fox will oversee PFM’s region managers and help them grow the business. He was also tasked with improving the advisor experience, deepening client engagement and recruiting more advisors.

“His regions have seen outsized growth during his tenure, and over the past decade he has led the nationwide training and development of new PWM advisors by introducing innovative programming that has improved onboarding and productivity. “, reads the memo. “Throughout his career, David has been an advocate for advisors and we are confident he will be a champion for the PFM advisor population to help build on all of their successes.”

Fox started in the industry in 1999 as an advisor at Goldman in Philadelphia, managing assets for individuals, foundations and institutions. He became Southeast region manager and Atlanta office manager in 2006. He was made a partner in 2016. Prior to joining the company, he was a professional swimmer and won a gold medal as a member of the 1996 Olympic team in Atlanta.

Last week, Jene Hoosier, the former chief operating officer for FinLife Partners at Goldman Sachs Personal Financial Managementa digital financial planning platform for advisors that was part of the United Capital acquisition, joined Sanctuary Wealth as head of platform strategy.

In March, Rachel Schnoll, a former director of FinLife Partners, left Goldman Sachs to become CEO of the Jewish Communal Fund, one of the largest donor-advised funds in the country.

Geraldine L. Melton