BREAKING NEWS

BREAKING NEWS

Goldman Sachs to buy United Capital for $750 million

Goldman Sachs to buy United Capital for $750 million
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo -
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Brendan McDermid(Reuters)
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(Reuters) - Goldman Sachs Group Inc said on Thursday it would buy boutique wealth management firm United Capital Financial Partners Inc for $750 million (584.84 million pounds) in cash, its biggest deal since the financial crisis.

United Capital is an investment adviser with $25 billion of assets under management and serves 22,000 clients in over 90 offices across the United States.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Saumyadeb Chakrabarty)

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