Goldman Sachs is shifting its focus to steady, fee-generating areas like wealth and asset management, as high-profile businesses like trading and advising on mergers have fallen out of favor with investors since the 2008 financial crisis. CEO David Solomon is positioning the bank to take advantage of the rise of alternative assets and the growing fortunes of the ultra-rich. Despite concerns about a brain drain at the firm, Goldman is confident in its deep bench and long-tenured partners. The bank is on track to reach its goal of generating at least $10 billion in fee revenue by next year.

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