Wall Street Banks Vie to Provide Wealth Management Services to Anthropic Employees

Goldman Sachs, Bank of America, the wealth management arm of BNY Mellon, JPMorgan Chase and Wells Fargo are in talks with Anthropic about providing wealth management services for its employees, according to Jiemian News. Anthropic has asked financial institutions to submit proposals covering fees, services and operations, and smaller boutique investment banks and advisory firms are also bidding. Anthropic is planning to build an adviser roster to help employees manage the wealth they are expected to receive after the company goes public.