He said Goldman’s intention in buying United Capital is to go after clients with $1 million to $15 million in investable assets, and his RIA serves that market. When Duran started United Capital 14 years ago, the idea was to change how financial advice was delivered to clients. But now, he says, size matters.
Secondly, what did Goldman pay for United Capital?
During Goldman Sachs’ first-ever investor day, a move to bring more transparency to the publicly-traded bank and encourage investors, the company laid out a three-year plan. Part of that included doing away with the name of United Capital, the RIA it bought for $750 million in 2019.
In this manner, what happened United Capital?
United Capital, R.I.P. The pioneering RIA founded 15 years ago by Joe Duran and sold last year to Goldman Sachs for $750 million is being rebranded as Goldman Sachs Personal Financial Management.
Who buys Goldman?
On September 10, 2018, Goldman Sachs acquired Boyd Corporation for a Leveraged Buyout of $3 billion. On May 16, 2019, Goldman Sachs acquired United Capital Financial Advisers, LLC for $750 million cash.
How much money do I need to invest with Goldman Sachs?
$100 million
What does United Capital do?
United Capital Investment Banking provides bespoke financial advisory and capital raising solutions to both corporate and government entities. Our track record of executing complex transactions across Africa sets us apart as a leader in the industry.
What is FinLife?
FinLife® is the nation’s first end-to-end client experience system to integrate your entire client relationship and allow you to charge for your value as the indispensable human advisor. Learn what money means to your clients. Know what clients care about. Personalize every portfolio.
Is United Capital PLc real?
United Capital PLc is a financial and investment services company. United Capital provides services to corporations, governments, high net worth individuals, institutional and retail investors across Africa. …
Which company is United Capital?
United Capital Plc is a leading financial services Group in Africa focused on leveraging technology to empower businesses, individuals and governments with excellent financial services, while contributing to economic growth and prosperity across Africa by supporting financial inclusion.
Who is Joe Duran?
Joe Duran, managing partner and head of Goldman Sachs Personal Financial Management, answers questions on life and work inside Goldman Sachs.