Goldman Sachs Asset Management is acquiring U.S.-based Rocaton Investment Advisors in an effort to expand its retirement and advisory platform.

With more than $600 billion assets under advisement, Rocaton offers services to institutional clients including retirement plans. Its team will continue to be headquartered in Norwalk, Conn. following the transaction closure in the first half of 2019.

Read: Hub International acquires Proteus Performance Management

“Joining Goldman Sachs will allow our clients to benefit from the broad offerings, global resources and respected investment acumen of one of the world’s leading investment advisers,” said Robin Pellish, chief executive officer of Rocaton, in a press release.

Copyright © 2018 Transcontinental Media G.P. Originally published on benefitscanada.com

Join us on Twitter

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required