Microcapital Brief: First Affirmative Fiscal Network (Fafn) Purchased Past Its Employees Equally Goldman Sachs Acquires Folio

First Affirmative Financial Network (FAFN), a U.S.A.-based investment advisory guild, tardily became an employee-owned home after having been acquired inward 2016 yesteryear Folio Financial, a U.S. of America-based brokerage, custodial services likewise financial applied science fellowship. The motility comes as Folio Financial is beingness acquired past the USA-based investment company Goldman Sachs. 

“We’re thrilled to reinforce more than than three decades of values-based investment design alongside employee ownership,” said George Gay, the CEO of FAFN. “We volition grow our network of advisors as good as convey powerful, impactful fiscal management tools to more than people through the leadership of our empowered teammates.” 

Founded inward 1987, FAFN is network of independent, USA-based advisors helping its clients contain “socially conscious” investments into their portfolios via strategies such every bit sustainable, responsible together with bear on (SRI) investing inwards improver to environmental, social together with governance (ESG) investing. The organization, which has close to USD ane.ane billion in assets nether direction, is a Certified B Corporation, indicating it pursues concern organisation goals through socially together amongst environmentally witting methods. 

Folio Financial was founded inwards 2000. Financial information on the house are not available.

Goldman Sachs offers investment banking, investment management in addition to financial advisory services to corporations, fiscal institutions, governments too retail clients. Founded inwards 1869, the business firm is headquartered inwards New York in improver to maintains offices inward 36 countries. As of December 2019, it reports total assets of USD 933 billion.

By Romil Pandey, Research Associate

Sources too Additional Resources

First Affirmative press gratis

First Affirmative homepage

Folio Financial homepage

B Lab homepage

Goldman Sachs homepage

Goldman Sachs 2019 Annual Report
https://www.goldmansachs.com/investor-relations/financials/electrical current/annual-reports/2019-annual-study/annual-study-2019.pdf 

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