Goldman Sachs Personal Financial Management information
Goldman Sachs Personal Financial Management
Formerly
United Capital
Company type
Division
Industry
Financial services
Founded
2005 (2005)
Founders
Joe Duran
Bob Doede
Defunct
2023 (2023)
Fate
Acquired
Successor
Creative Planning
Headquarters
Newport Beach, California
,
United States
Area served
Worldwide
Key people
Joe Duran (CEO)
Bob Doede (Chairman)
Jon Frojen (CFO)
Services
Financial life management, investment management
AUM
US$ 24 billion (2018)[1]
Number of employees
487 (2023)
Parent
Goldman Sachs
(2015–23)
Creative Planning
(2023–present)
Website
www.goldmanpfm.com[dead link]
Goldman Sachs Personal Financial Management (GSPFM) was a former division of Goldman Sachs responsible for wealth management of high-net-worth individuals.[2] It had 74 offices in the United States and managed $25 billion in assets.[1][3]
In November 2023, it was announced that Creative Planning had completed the acquisition of GSPFM.[4]
In 2021, the average customer had $1.3 million in assets managed by the division.[5] A separate division, Goldman Sachs Private Wealth Management, serves ultra high-net-worth individuals where customers have at least $10 million in investable assets.[6]
^ abFA Staff (2015-06-15). "United Capital Acquires Two Firms". Financial Advisor. Retrieved 2015-10-20.
^"ABOUT GOLDMAN SACHS PERSONAL FINANCIAL MANAGEMENT". Retrieved 2020-04-05.
^Lauren K. Ohnesorge (2015-04-14). "United Capital acquires 30-year-old Chapel Hill advisory firm". Triangle Business Journal. Retrieved 2015-10-20.
^"Creative Planning, LLC completed the acquisition of Goldman Sachs Personal Financial Management from The Goldman Sachs Group, Inc. (NYSE:GS)". Market Screener. Retrieved 2023-12-15.
^Pendleton, Devon. "How Goldman Sachs Is Getting Cozy With Main Street Investors and Their Money". ThinkAdvisor. Retrieved 2023-06-05.
^"Relationship with Goldman Sachs Private Wealth Management" (PDF).
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