The Globe and Mail reports in its Tuesday, Aug. 22, edition that Goldman Sachs is mulling the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving extremely wealthy people and away from high-net-worth clients in mass markets. A Reuters dispatch the Post reports that Goldman said it is evaluating alternatives for its registered investment adviser (RIA) unit, called Personal Financial Management (PFM), which manages about $29-billion (U.S.). The move comes as Goldman retreats from its consumer operations, which lost $3-billion (U.S.) in the last three years, and pushes ahead with a sale of its fintech business, GreenSky. Goldman bought the RIA for $750-million in 2019 when it managed about $25-billion (U.S.) in funds. The purchase aimed to broaden Goldman's client list beyond the ultrarich, but the unit has remained a small part of the bank's wealth business. Goldman's private wealth arm oversees $1-trillion (U.S.) in assets for ultrahigh-net-worth clients. The potential divestments come after chief executive officer David Solomon reorganized the firm into three units last year and scaled back ambitions for its loss-making consumer business.