Goldman Sachs and Phoenix Financial announce $4 billion client-asset transaction
The deal is nearly ten times the $412 million in combined RIA acquisitions Apella and Waverly disclosed overnight.
At a glance
Goldman Sachs and Phoenix Financial announced a transaction covering $4 billion in client assets, according to our records.
Apella’s $261 million deal and Waverly’s $151 million deal total $412 million, according to our records.
The $4 billion Goldman Sachs–Phoenix Financial transaction is larger than the $412 million in RIA acquisitions and the $407.5 million in real estate closings combined.
Goldman Sachs and Phoenix Financial announced a transaction covering $4 billion in client assets, according to our records. That is nearly ten times the $412 million in combined RIA acquisitions Apella and Waverly disclosed overnight.
Apella’s $261 million deal and Waverly’s $151 million deal total $412 million, according to our records. Four real estate deals closed in the same window and came to $407.5 million, just under the two wealth-management transactions.
The $4 billion Goldman Sachs–Phoenix Financial transaction is larger than the $412 million in RIA acquisitions and the $407.5 million in real estate closings combined.
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