Three senior Goldman Sachs Private Wealth Management advisors
have left the US firm to
create an independent San Francisco
boutique, called Seven Post Investment Office, Reuters reported.

Ali Bastani, who spent 13 years at Goldman Sachs, Eldridge Gray,
and Charles Wyman, 15 years in the brokerage industry, started the new firm on 2
September, the news service reported, citing records filed with the Financial
Industry Regulatory Authority and the Securities and Exchange Commission.

Bastani, Gray and Wyman announced their moves to the new
firm on their LinkedIn pages, the report said.

They leave behind at least two members of their team - John
Underwood and Bruce Bligh, the report said. The San Francisco office has roughly a dozen
other teams still in place.

Seven Post seeks to advise clients with at least $25 million
in assets, managing global multi-asset class portfolios and also engaging third-party
investment managers.

As reported late in 2010, Goldman Sachs has around 600
advisors around the world and there are plans in place to take that number
towards 800.