"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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
Goldman Sachs Sells Advisor Business to Creative PlanningThe sale comes as Goldman is in a bit of transformation.
Read more »