{"id":85730,"date":"2023-08-29T00:46:16","date_gmt":"2023-08-29T04:46:16","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85730"},"modified":"2023-08-29T00:38:12","modified_gmt":"2023-08-29T04:38:12","slug":"goldman-sachs-unloads-another-business-acquired-under-ceo-david-solomon","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/goldman-sachs-unloads-another-business-acquired-under-ceo-david-solomon.html","title":{"rendered":"Goldman Sachs unloads another business acquired under CEO David Solomon"},"content":{"rendered":"\n<p>(CNBC)  <a href=\"https:\/\/www.cnbc.com\/quotes\/GS\/\">Goldman Sachs<\/a> said Monday that it <a rel=\"noreferrer noopener\" href=\"https:\/\/www.goldmansachs.com\/media-relations\/press-releases\/2023\/announcement-28-aug-2023.html\" target=\"_blank\">agreed to sell<\/a> its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and \u201cresult in a gain\u201d for New York-based Goldman. The bank declined to disclose the sale price for its PFM business. Goldman acquired a team of about 220 financial advisors managing $25 billion in assets in May 2019, when it <a rel=\"noreferrer noopener\" href=\"https:\/\/www.goldmansachs.com\/media-relations\/press-releases\/archived\/2019\/announcement-16-may-2019.html\" target=\"_blank\">announced<\/a> the $750 million acquisition of United Capital Financial Partners.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/28\/goldman-sachs-sells-small-wealth-unit-to-creative-planning.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and \u201cresult in a gain\u201d for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85730","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85730"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85730\/revisions"}],"predecessor-version":[{"id":85731,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85730\/revisions\/85731"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}