David Solomon, main enforcement serviceman of Goldman Sachs.
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Goldmans Sachs connected Monday said it agreed to bargain Innovator Capital Management, a supplier of defined-outcome ETFs, for astir $2 cardinal successful its latest woody to bolster the firm's plus absorption division.
Goldman said the acquisition, expected to adjacent successful the 2nd 4th of 2026, volition boost its ETF offerings successful a fast-growing country of the investing world.
Defined-outcome ETFs usage contracts including options to buffer downside risks oregon connection targeted gains implicit acceptable clip periods. Innovator had $28 cardinal of assets nether supervision crossed 159 ETFs arsenic of Sept. 30.
"Active ETFs are dynamic, transformative, and 1 of the fastest-growing segments successful today's nationalist concern landscape," Goldman CEO David Solomon said successful a quality merchandise announcing the deal. "By acquiring Innovator, Goldman Sachs volition grow entree to modern, world-class concern products."
Goldman Sachs, which has made plus and wealthiness absorption a precedence since pivoting distant from a user banking push, has made a bid of deals successful the assemblage this year. In September, Goldman said it would put $1 billion in T. Rowe Price, and the pursuing month, the slope said it acquired task superior investor Industry Ventures to bolster its alternate investments platform.
Goldman said Monday erstwhile the woody closes, Innovator's 60-plus employees volition articulation the bank's plus absorption division.
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