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Investing.com -- Major Wall Street banks are competing to manage the wealth of Anthropic PBC employees following the artificial intelligence company's planned initial public offering, Bloomberg reported Friday.
Goldman Sachs Group Inc, Bank of America Corp, Bank of New York Mellon Corp.'s wealth unit, JPMorgan Chase & Co. and Wells Fargo & Co. have held discussions with Anthropic about providing wealth management services to its staff, according to the report.
The developer of Claude asked financial firms to present their wealth-management offerings and provide information about fees, services and other operational details, the report said. Smaller boutiques and advisory firms also responded to a request for information that Anthropic issued in recent weeks.
The company is working to compile a list of advisers to help employees manage their expected financial gains after the public listing.