The US Investment Banking Group Goldman Sachs (GS) is buying a wealth-management company United Capital Financial Advisers for 750 million dollars. This would be Goldman´s biggest deal in recent years.
United Capital Finance Advisers has assets under management totally 25 billion dollars and the company employs 220 financial advisers. The deal is expected to be completed in the third quarter, Goldman said.
Goldman Sachs shares were trading today up 1,58 % to 199,50 dollars.