Why Goldman Sachs, which has a $509 billion wealth business geared towards ultra-rich clients, is buying a small Virginia fintech for financial advisers and retail investors (GS)

Business Insider

15 May 2020 0 shares 1 views

Why Goldman Sachs, which has a $509 billion wealth business geared towards ultra-rich clients, is buying a small Virginia fintech for financial advisers and retail investors (GS)

Business Insider

Published 15 May 2020

· Goldman Sachs is buying Folio Financial, a small custodian with $11 billion in client assets and financial-tech provider for independent financial advisers, in a deal expected to close next quarter.
· The combination underlines bulge-bracket firms' reach into the world of registered investment advisers (RIAs), a corner of...

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Why Goldman Sachs, which has a $509 billion wealth business geared towards ultra-rich clients, is buying a small Virginia fintech for financial advisers and retail investors (GS)

Why Goldman Sachs, which has a $509 billion wealth business geared towards ultra-rich clients, is buying a small Virginia fintech for financial advisers and retail investors (GS)

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