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.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Warner Bros. Discovery CEO David Zaslav has made up his mind about next CNN boss: reportZaslav has been trying to convince former New York Times Company boss Mark Thompson to take the reins at Hudson Yards.
Leer más »
Mysterious new California city backed by some of the biggest names in Silicon Valley: reportA former Goldman Sachs trader has been quietly working to build an urban utopia in California.
Leer más »
Mysterious new California city backed by some of the biggest names in Silicon Valley, report saysA former Goldman Sachs trader has been quietly working to build an urban utopia in California.
Leer más »
3M, Goldman Sachs share gains lead Dow's nearly 300-point climbBehind positive gains for shares of 3M and Goldman Sachs, the Dow Jones Industrial Average is up Monday morning. Shares of 3M and Goldman Sachs are...
Leer más »
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.
Leer más »
Goldman Sachs Sells Advisor Business to Creative PlanningThe sale comes as Goldman is in a bit of transformation.
Leer más »