Jul 17, 2019

United Capital Joins Goldman Sachs, Beginning a New Era of Financial Life Management

July 17, 2019 - The Goldman Sachs Group, Inc. (NYSE: GS) has completed its acquisition of United Capital Financial Partners, Inc., a leading financial life management firm, for $750 million in cash. As a result of the transaction, United Capital will have access to greater reach and resources to help its clients live richly.

The transaction includes FinLife CX, a digital platform that helps independent advisors grow their business and form stronger relationships with their clients. The platform, launched in 2016, recently surpassed $20 billion in assets under contract*.

“Our cultures and vision are in alignment, and Goldman Sachs has built a business around serving clients and applying its insights and resources to demonstrate a forward-looking ethos and a genuine desire to improve people’s financial lives,” said Joe Duran, Founder and CEO of United Capital. “We couldn’t be more excited to be part of Goldman Sachs and take our work to a level we could only have dreamed of before.”

As of June 30, United Capital has approximately $25.7 billion in assets under management. United Capital has 100 offices and more than 230 financial advisors serving more than 23,000 clients across the United States.

*FinLife Partners assets under contract represent the assets under management of the advisors that have signed up for FinLife Partners platform services, which they have placed under consideration for FinLife Partners’ services.