We are at Goldman at their professional investment forum, which brings together about 100 CEOs and CIOs from across the wealth management industry.

They're gathering here on the Lower West Side, representing nearly a trillion dollars in AUM.

And our next guest joins us before speaking at the conference this afternoon.

We're very pleased to welcome.

Actually, they're welcoming us, Goldman's president and CEO, John Waldron. John, thanks for having us over. Hi, Carl. Thanks for coming down to our offices. We're very pleased to welcome. Actually, they're welcoming us, Goldman's president and CEO

John, John, thanks for having us over. At Carl, thanks for coming down to our offices. We appreciate it.

I'd love to know, first of all, the strategy behind the forum, and then what kind of feedback you're

hunting for today? Sure. So this is our inaugural forum focused on RIAs, which is an increasingly

important client base for Goldman Sachs.

We've obviously been in the wealth management business a long time. Our focus historically, as an

advisor, has been much more in the ultra-high network segment. We're servicing the RIA segment more

so as a holistic provider of comprehensive solutions. So we're inviting this group into

our offices to have a forum talking about our views

on markets, our views on policy, our views on interest rates, any of the topics you'll,

your viewers will want to hear about, but also how Goldman Sachs can offer solutions to

help them achieve their objectives and to serve their client base, which are really high net

worth wealth investors who are growing significantly

in the United States. Is it a tell about where Goldman sees opportunities for growth per se? The forum?

Absolutely do. The forum is focused on that high net worth segment of wealth in the United States.

And obviously, there's been enormous wealth creation in this country over long periods of time.

But if you look at the last 10 or 15 years, the compound annual growth rate of this category,

we think is about 10%, which is meaningfully higher than other categories in wealth.

...