Estimated reading time: 0 minutes, 26 seconds

Goldman Sells United Capital to Creative Planning

Goldman Sachs has announced the sale of United Capital, its Los Angeles-based wealth advisory business with $29 billion in assets under administration, to Overland Park, Kansas-based Creative Planning. So reports RIABiz.

Goldman SachsThe deal is seen as a feather in the cap of Creative Planning CEO Peter Mallouk, whose firm now has $245 billion in assets under administration.

For Goldman, the move also addresses the question of how to handle United Capital, which it acquired for $750 million, as the company’s long-term strategy has changed.

Read the full article from RIABiz.

Read 282 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.