News Formal

Goldman Sachs unloads another business acquired under CEO David Solomon

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Amid CEO David Solomon's push to unload or shutter several businesses tied to his retail banking plan, the high-net worth business was deemed too small.

"This transaction is progress toward executing the goals and targets we outlined at our investor day in February," Marc Nachmann, global head of asset and wealth management at Goldman, said Monday in a statement.

The sale "allows us to focus on the execution of our premier ultra-high net worth wealth management and workplace growth strategy" while continuing to support high net worth clients through a strategic partnership with Creative Planning, he said. Creative Planning is a Kansas-based registered investment advisor with more than 2,100 employees and $245 billion in assets under management and advisement.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Goldman says these rare 6 stocks are favorites of both hedge fund and mutual fund managersThe Wall Street firm found that there are six 'shared favorites' among hedge funds and mutual funds last quarter.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Goldman Sachs Sells Advisor Business to Creative PlanningThe sale comes as Goldman is in a bit of transformation.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »