At a glance
- Apella’s $261 million deal and Waverly’s $151 million deal total $412 million, according to our records.
- Four real estate deals closed in the same window and came to $407.5 million, just under the two wealth-management transactions.
- The $4 billion Goldman Sachs–Phoenix Financial transaction is larger than the $412 million in RIA acquisitions and the $407.5 million in real estate closings combined.
Goldman Sachs and Phoenix Financial announced a transaction covering $4 billion in client assets, according to our records. That is nearly ten times the $412 million in combined RIA acquisitions Apella and Waverly disclosed overnight.
Apella’s $261 million deal and Waverly’s $151 million deal total $412 million, according to our records. Four real estate deals closed in the same window and came to $407.5 million, just under the two wealth-management transactions.
The $4 billion Goldman Sachs–Phoenix Financial transaction is larger than the $412 million in RIA acquisitions and the $407.5 million in real estate closings combined.
One $4B mandate dwarfs the night's RIA and real estate deals
Announced and closed client-asset deals, same window
- Goldman Sachs · Phoenix Financial$4B
- Apella + Waverly (RIA acquisitions)$412M
- Four real estate closings$407.5M
Show as table
| Item | Value ($) |
|---|---|
| Goldman Sachs · Phoenix Financial | $4B |
| Apella + Waverly (RIA acquisitions) | $412M |
| Four real estate closings | $407.5M |
Reported by the Features desk from PWD deal tracking. Published . Corrections