Why Creative Planning Is Buying Goldman's Wealth Unit

The video discusses Creative Planning's position as an independent wealth management firm, highlighting its focus on high-net-worth clients and its leadership in the independent space. It explores industry consolidation, competition among big banks, and the fragmented nature of the wealth management sector. The video also addresses market challenges, client reactions to economic conditions, and Creative Planning's growth strategies, including its recent acquisition of United Capital. Additionally, it covers a custody deal with Goldman Sachs, emphasizing the importance of providing clients with diverse options and the potential for future collaboration.

What is the focus of the independent wealth management firm mentioned in the text?

How does the speaker perceive the current state of the independent wealth management industry?

What challenges have investors faced according to the speaker?

What impact does the speaker expect from the acquisition of United Capital?

What role does Goldman Sachs play in the context of the custody deal mentioned?