Goldman Sachs Group, the banking gold standard for the world’s elite, sees a future in less prosperous investors.
A creative strategy taking shape inside the bank calls for it to partner with small brokerages and wealth management firms to lend money to their clients, many of whom have far less wealth than what’s in the typical Goldman private bank account.
The idea is for Goldman GS -0.11% to reach a big set of borrowers, in the U.S. and possibly abroad, without having to acquire them through a merger or build relationships one by one, people familiar with the initiative said.
