has been acquired by

Berkshire Global Advisors acted as financial advisor to Rocaton Investment Advisors

Date: November 2018

Sector: Wealth Management

Sub-Sector: Investment Consultant

Region: North America

Seller AUM: $600 Billion (AUA)

Seller Details
Rocaton provides independent advisory and discretionary investment services to institutional investors including retirement plans, healthcare and insurance companies, endowments, foundations and financial intermediaries. Rocaton operates from a single primary office in Norwalk, CT and advises clients on assets of more than $600 billion as of September 30, 2018.

Buyer Details
Goldman Sachs’ Consumer and Investment Management Division (CIMD) provides asset management and wealth management solutions to world-class institutions, high-net-worth individual investors and retail consumers globally. CIMD is one of the world’s leading investment managers, with over 700 investment professionals and more than 1,000 wealth advisors with over $1.5 trillion in assets under supervision across asset classes and strategies as of September 30, 2018.

Transaction Summary
The acquisition will significantly expand Goldman Sachs Asset Management’s retirement and advisory platform to provide a more fully integrated suite of advisory and discretionary services, which will allow Goldman Sachs Asset Management to offer more holistic and customized services to its clients. Rocaton will remain in Norwalk, Connecticut, operating under the Rocaton name with access to Goldman Sachs global resources and respected investment acumen as one of the world’s leading investment advisers.