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Goldman, BofA Vie to Manage Anthropic Employees’ IPO Wealth

Wall Street banks including Goldman Sachs and Bank of America are competing to manage the wealth Anthropic PBC employees are expected to amass after the AI company’s IPO. Anthropic has asked firms to submit wealth-management proposals detailing fees, services and other operational specifics. Experts say it is “very reasonable” to expect the listing to create a new wave of millionaires.

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AI take

The notable detail is that Anthropic is soliciting formal proposals on fees and services, rather than simply letting banks court its staff — suggesting the company sees post-IPO wealth management as an institutional relationship to be structured. This matters because it signals where AI-lab equity is heading: from paper windfall to a contested advisory market, with the same bulge-bracket names that underwrite listings competing to keep the assets afterward. Whether other AI firms adopt a similar gatekeeping approach to their employees' liquidity events is the open question.

Generated by AI for reference only.

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