Goldman Sachs Acquisition of United Capital

On May 16, 2019 Goldman Sachs announced that they would be acquiring United Capital for $750 million. This is the largest purchase Goldman Sachs has made since their acquisition of Spear, Leeds & Kellogg in 2000 for $6.5 billion. The deal with United Capital is expected to close in the third quarter of 2019. United Capital is a boutique firm that has $25 billion in assets under management, more than 220 financial advisors, and around 22,000 clients.

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Wentworth Management Services Acquires World Equity Group

NEW YORK, Dec. 7, 2018 — Wentworth Management Services LLC (“Wentworth”), a growing aggregator of broker-dealers nationwide, today announced that the firm has entered into a purchase agreement to acquire World Equity Group, an independent broker/dealer based in Arlington Heights, Illinois. The announcement was made on the final day of the MarketCounsel Summit being held at the Four Seasons in Las Vegas, Nevada. The transaction, which is subject to FINRA regulatory approval, will expand Wentworth’s footprint in the Midwest and add approximately 180 financial advisors and nearly $40 million in revenue.

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Wentworth Strengthens Executive Team, Appoints Michael Breath Chief Financial Officer

NEW YORK, Sep. 18, 2018 — Wentworth Management Services, LLC (“Wentworth”), a holding company that specializes in acquiring independent broker-dealers and insurance agencies, announced today the addition of finance industry veteran Michael Breath. Breath comes to Wentworth from SunTrust Bank to serve as Chief Financial Officer (CFO) of the holding company effective September 17, 2018.

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Wentworth Acquires Purshe Kaplan Sterling

NEW YORK, Dec. 5, 2017 — Wentworth Management Services, LLC (“Wentworth”) announced today at the MarketCounsel Summit its acquisition of Albany-based independent broker-dealer Purshe Kaplan Sterling Investments (“PKS”). The transaction closed on Nov. 30, 2017 and full terms of the deal were not disclosed.

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