Goldman Sachs And Creative Planning Announce Agreement To Acquire Goldman Sachs Personal Financial Management Business; Transaction Is Expected To Close In Q4 2023 And Result In A Gain; Co's To Enter Into Strategic Distribution Agreements
Portfolio Pulse from Happy Mohamed
Goldman Sachs has announced an agreement to sell its Personal Financial Management Business to Creative Planning. The transaction is expected to close in Q4 2023 and result in a gain. The companies will also enter into strategic distribution agreements.
August 28, 2023 | 3:25 pm
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Goldman Sachs is selling its Personal Financial Management Business to Creative Planning, which is expected to result in a gain and close in Q4 2023.
The sale of Goldman Sachs' Personal Financial Management Business to Creative Planning is expected to result in a gain, which could positively impact the company's financial performance and potentially its stock price. The deal is also expected to close in Q4 2023, which provides a clear timeline for potential impact.
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IMPORTANCE 75
RELEVANCE 100