Goldman sachs

Goldman Sachs made the largest acquisition in nearly 20 years, acquiring United Capital for $750 million to strengthen its wealth management business.

United Capital is a California-based investment advisory firm with independent investment advisors in approximately 90 offices in the United States, managing approximately $25 billion of client assets. After the transaction is completed, Joint Capital founder and CEO Joe Duran will join Goldman Sachs. The company’s employees and more than 220 financial advisors will also join Goldman Sachs.

The deal is the first acquisition of Goldman Sachs chief executive David Solomon after taking office in October last year. He said the deal will expand its reach and allow more clients to acquire Goldman Sachs’ intellectual capital and investment capabilities to accelerate wealth management. strategy.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like
US economy

Fed Chairman Powell: The US economy is in good shape

Federal Reserve Chairman Jerome Powell said at the seminar that the US…
US

Cleveland Bank of Cash President Meister: Interest Rate Reduction is a bad policy

Will the Fed cut interest rates this year? At present, market participants are…
bank of america

Bank of America CEO: The current economic situation is good, do not think that interest rate will be cut this year

The market is expected to raise interest rates twice in the second…
us china tariffs

US exempts tariffs on 110 Chinese goods

China and the United States reopened negotiations on Tuesday (the 9th). The…