Wealth manager not thrilled with recent dealing with investment bank; ‘couldn …
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Leading wealth manager Ron Carson says The Goldman Sachs Group Inc. recently made him understand how it felt to be treated like a Muppet. No, not the Oscar-the-Grouch kind of Muppet, but the British-slang kind of Muppet, or “idiot.”


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Mr. Carson’s description of his recent encounter with Goldman Sachs jibed closely with company defector Greg Smith’s description of how Goldman treats clients. As you recall, Mr. Smith, an executive director at the white-shoe firm, quit Goldman in March and immediately published a blistering opinion piece about the global investment bank in The New York Times.

Among the derogatory details about Goldman’s culture, according to Mr. Smith, was that its managing directors routinely called clients “Muppets,” a term of derision commonly used in the U.K.

Mr. Carson, chief executive of Carson Wealth Management, had discussions in early April with a team at Goldman to evaluate a potential private investment. “We were doing due diligence on an investment, and Goldman Sachs put out a report on it,” Mr. Carson said in an interview in Orlando, Fla., Thursday, while taking a break from the spring Peak Advisors Excell meeting he hosted.</…………… continues on InvestmentNews

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