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GS Goldman Sachs Group Inc

427.90
7.85 (1.87%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldman Sachs Group Inc NYSE:GS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  7.85 1.87% 427.90 428.53 419.64 420.23 2,322,677 00:49:51

Goldman Sachs Nears Deal for Investment Manager United Capital

10/05/2019 9:40pm

Dow Jones News


Goldman Sachs (NYSE:GS)
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By Liz Hoffman 

Goldman Sachs Group Inc. is nearing a deal to acquire investment management firm United Capital Financial Partners Inc. expanding its push into managing assets for individuals, according to people familiar with the matter

The deal would be Goldman's biggest deal since the financial crisis and could be announced as soon as Monday, the people said.

United Capital, based in Newport Beach, Calif., manages some $24 billion in client assets and had more than 220 advisors. The exact price couldn't be determined, but Goldman is paying several hundred million dollars, some of the people said.

(More to come)

 

(END) Dow Jones Newswires

May 10, 2019 16:25 ET (20:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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