Goldman Sachs Group has plans to acquire United Capital Financial for $750 million in cash.
United Capital Financial is a registered investment adviser with $25 billion of assets under management and more than 220 financial advisers. The firm serves 22,000 clients in more than 90 offices in the United States.
As part of the deal, United Capital founder and CEO Joe Duran will join Goldman Sachs, as will United Capital’s employees and advisers.