Goldman Sachs offloads wealth advisory unit to Creative Planning
TL;DR Summary
Goldman Sachs has agreed to sell its mass-affluent wealth management division, Goldman Sachs Personal Financial Management, to Creative Planning. The financial terms of the transaction were not disclosed, and the deal is expected to close in the fourth quarter of 2023. This marks the end of Goldman Sachs' venture into mass-market financial advice, which began with the acquisition of United Capital Financial Advisers in 2019.
Topics:business#acquisition#creative-planning#finance#financial-services#goldman-sachs#wealth-management
- Goldman Sachs sells Personal Financial Management division to Creative Planning Citywire
- Goldman Sachs unloads another business acquired under CEO David Solomon CNBC
- Goldman Sachs Sells Advisor Business to Creative Planning Barron's
- Goldman Sachs to sell wealth advisory unit to Creative Planning - Bloomberg News Reuters
- Creative Planning to Buy Goldman's Personal Financial Management Unit AdvisorHub
- View Full Coverage on Google News
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