BIP Wealth Invests $1.5 Million in The Goldman Sachs Group

BIP Wealth LLC has acquired 1,485 shares of The Goldman Sachs Group Inc. (NYSE:GS) in its most recent 13F filing with the Securities and Exchange Commission.

The investment is valued at approximately $1,502,000, according to the company's filing.

This is not BIP Wealth LLC's only significant investment; it has also acquired shares of LCN Capital Partners for up to $410 million, including $260 million upfront and as much as $150 million in performance-based consideration.

The acquisition will reportedly be paid 80% in stock, adding recurring-fee capabilities to Goldman’s roughly $4 trillion asset-management platform.