Displaying 21 results
Joe Duran’s Rise venture secures $250 million PE backing
Industry pioneer says there's already a ‘massive desire’ – and a $220 billion pipeline – for firm's plan to help fuel the next generation of RIAs.
Joe Duran details his next venture at Future Proof
Entrepreneur says Rise Growth, a firm that will provide funding and strategies for the next generation of national RIAs, will launch in 2024.
Creative Planning paves multilane road for old United Capital advisors
'We’ll wind up with two completely separate RIAs,' says Creative Planning CEO Peter Mallouk.
What kind of relationship do you and your acquirer have?
What's becoming evident is how tricky it is for wealth management firms to make the right match.
Goldman retreat from RIA market shows pitfalls of chasing varied clients
Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.
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.
Joe Duran returning to the RIA game
Duran's United Capital sold to Goldman Sachs in 2019 for $750 million in cash.
Goldman Sachs considers selling part of wealth business
Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.
Modern Wealth Management goes from zero to $1.5 billion with first deal
The private equity-backed aggregator launched by veterans of Goldman Sachs and United Capital has acquired Barber Financial Group, with $1.5 billion in assets.
United Capital veterans launch RIA aggregator with big goals
Private equity-backed Modern Wealth Management aims to be a multibillion-dollar firm by year-end.
Joe Duran’s Goldman two-step: Exiting as partner, staying to consult
As a consultant, Duran will focus on Goldman’s effort to become a leading custodian to RIAs, working with the head of Goldman’s RIA offering, Padi Raphael.
Goldman’s Joe Duran reveals roots of money life on Goop
In an episode of the lifestyle podcast, the head of Goldman Sachs Personal Financial Management listed some tenets of financial advice he's used in his career and talked about ways his life has informed his work with money.
Will 2022 see an RIA white whale — a mega mega-deal?
When will one of the 40 or so large strategic buyers of registered investment advisory firms emerge from the depths to swim with another?
Kestra hires Kara Murphy as CIO
The former executive at Goldman Sachs and AIG will head the firm's new investment effort, Kestra Investment Management.
Is the Carson Group worth $1 billion?
Just five years ago, the Carson Group had a total valuation of $120 million, or six to eight times less than its current potential valuation. The firm said in October it is looking to raise capital to continue to invest in registered investment advisers and wealth management firms.
Joe Duran’s plan for Goldman Sachs advisers: Q&A
After its acquisition in July 2019, United Capital became Goldman Sachs Personal Financial Management division, combining the then-RIA’s emphasis on getting personal with the Wall Street bank's 150-year legacy. The Personal Financial Management unit is growing via acquisitions and Joe Duran outlines how advisers can benefit.
The RIA roll-up market has seen a decade of explosion
The marketplace for RIA M&A networks is currently overrun with players — from brand-new entrants from outside the U.S. to well-established RIAs. Over the past 15 years, the RIA aggregator market has taken off.
Joe Duran was offered a slice of pie in Goldman deal. So he took it
United Capital's CEO says the roaring stock market and a desire to hit a 2020 deadline for sale informed the decision to sell.
United Capital buys Westport Resources Management’s private client group
The deal in Westport, Conn., builds on the RIA's presence in New England.
United Capital does another deal
Buys majority of assets from c5 Wealth Management
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