Goldman Sachs Acquiring Wealth Management Firm Folio Financial

According to Reuters Goldman Sachs is acquiring the boutique wealth management firm, Folio Financial, for an undisclosed amount; Goldman Sachs confirmed the plans for the acquisition but would not comment on the deal; Folio has $11 billion in assets under custody for RIAs and 160 employees; CEO Steven Wallman said in a letter to customers that through this deal Folio gains a global audience to market its investment technology to, a long term goal for the firm; the deal has been in the works since mid-2019 and both companies hope to close some time in Q3 subject to regulatory approval. Reuters

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.