Goldman bought the registered investment adviser, formerly known as United Capital Financial Partners, for $750 million in 2019.
The bank can serve high net worth investors through RIA and other wealth management clients, such as Creative Planning, he said.Goldman Sachs & Co LLC is serving as financial adviser and Weil, Gotshal & Manages LLP is serving as legal counsel to Goldman Sachs.
Goldman is also pushing ahead with a sale of its fintech business, GreenSky and has also offloaded the bulk of its unsecured consumer loans after it halted this kind of lending last year.
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