Goldman Sachs Personal Financial Management
Goldman Sachs Personal Financial Management was a leading wealth management practice and former division of Goldman Sachs. Goldman Sachs PFM delivered a broad range of top-level retirement program planning services to build a personalized portfolio that connects with your plan and preferences. The practice had more than 240 financial advisors in 100 offices throughout the U.S. helping clients live the life they want. In 2023, Goldman Sachs sold its Personal Financial Management unit to Creative Planning, one of the largest RIAs in the country.
ACQUISITION BY CREATIVE PLANNING
The Personal Financial Management unit was acquired by buying United Capital to expand its brand and services beyond the nation's most wealthy clientele.
In 2023, Goldman Sachs sold its Personal Financial Management unit to Creative Planning, one of the largest RIAs in the country.
The sale of the PFM business helped boost profit margins in Goldman's asset and wealth management division.
It's also a part of an effort to reorient the firm's business strategy back toward its core client base: ultra-high net worth investors.