Earlier this week, Goldman Sachs reported its fourth-quarter results — which included the results of its private banking and wealth management unit for the first time. And it was revealed that the unit achieved $4.4 billion in revenue for 2019. While this sounds substantial, the unit trails behind Bank of America and JPMorgan Chase. But Goldman Sachs Chairman & CEO David M. Solomon has major plans to improve upon the company's wealth management division in order to depend less on revenue from trading. During an earnings call, an analyst asked why profit margins were appearing low. And Solomon said that investments in consumer banking have been weighing down profitability. The company plans to make more disclosures during its first investor day on January 29. Goldman's assets under supervision for the Consumer & Wealth management business hit $561 billion for Q4 2019, which is up from $530 billion in the previous quarter and $455 billion Q4 2018.