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Goldman to sell RIA group to Creative Planning

The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.

After a week of speculation, Goldman Sachs Group Inc. said Monday morning it was selling its registered investment advisor business, Personal Financial Management, to Creative Planning, a leading RIA with $245 billion in client assets.

Terms of the transaction were not released on Monday. The tr

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