Goldman Sachs to buy United Capital for $750 million

By Reuters • Updated: 09/12/2019

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 - Copyright Brendan McDermid(Reuters)

Text size Aa Aa

(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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.