Creative Planning to acquire Personal Financial Management unit from Goldman Sachs.

Creative Planning, a registered investment advisor, agreed to acquire Personal Financial Management unit from Goldman Sachs, an investment banking, securities and investment management firm. Financial terms were not disclosed. “This transaction is progress toward executing the goals and targets we outlined at our investor day in February. It is margin accretive to Asset & Wealth Management and allows us to focus on the execution of our premier ultra-high net worth wealth management and workplace growth strategy and to serve HNW investors through RIA and other wealth management clients, such as Creative Planning. We will continue to support PFM and other Creative advisors with access to our investment solutions through our expanded strategic agreement,” Marc Nachmann, Goldman Sachs Global Head of Asset & Wealth Management.