GeoWealth raises $42.5 million from Goldman Sachs in Series C extension

GeoWealth announced it has extended its Series C financing round with a $42.5 million minority investment from Goldman Sachs Asset Management. The investment will support growth while providing liquidity to existing shareholders.

The Chicago-based turnkey asset management platform serves registered investment advisors nationwide. The Globe Resources Group, GeoWealth's family office owner, maintains majority ownership following the transaction.

Goldman Sachs joins existing minority investors Apollo, BlackRock, J.P. Morgan Asset Management, and Kayne Anderson Capital Advisors. Bryon Lake, Partner and Global co-Head of Third Party Wealth at Goldman Sachs Asset Management, will join GeoWealth's board of directors.

"We're pleased to welcome Goldman Sachs as a new investor and build on the strong partnership we've already established together," said Colin Falls, Chief Executive Officer of GeoWealth.

GeoWealth and Goldman Sachs Asset Management first partnered in October 2024 to enable registered investment advisors to build custom investment models through open-architecture solutions for high-net-worth clients.

The company operates a unified managed account framework that allows advisors to combine multiple investment vehicles in a single account. GeoWealth attributes its growth to demand from large enterprise registered investment advisors and success with custom model portfolio partnerships.

Founded in 2010, GeoWealth provides technology solutions that enable advisors to access model portfolios while offloading middle and back-office responsibilities including performance reporting and portfolio accounting.

Goldman Sachs (NYSE: GS) Asset Management oversees approximately $3.6 trillion in assets under supervision as of December 31, 2025, according to the press release statement.

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