Goldman Sachs Group Inc. has joined the growing ranks of brokerages marching into large commercial banks' territory of providing personal trust services to high-net-worth clients.

The New York firm, which has hired Daniel M. FitzPatrick from J.P. Morgan & Co. to spearhead its efforts in personal trust, will start offering the services in several months, a spokeswoman said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.