GeoWealth gets big check
Chicago fintech GeoWealth secured $42.5 million from Goldman Sachs, lifting its total funding to $80.5 million — a clear sign of institutional interest in digital wealth platforms (bizjournals.com). The round positions GeoWealth to scale its digital wealth and advisory tech to RIAs and bank channels (bizjournals.com).
Bryon Lake — Partner, global co‑head of third‑party wealth and chief transformation officer at Goldman Sachs Asset Management — is set to join GeoWealth’s board as part of the deal. (geowealth.com) The investment builds on a $38 million Series C led by Apollo announced Aug. 4, 2025, which had already included convertible‑note commitments from BlackRock, J.P. Morgan Asset Management and Kayne Anderson. (businesswire.com) GeoWealth and Goldman Sachs first partnered in October 2024 to enable RIAs to build open‑architecture custom models, a collaboration the companies said the new capital will deepen. (geowealth.com) GeoWealth reported it supported more than 180,000 accounts and had over $28 billion in platform assets as of Dec. 31, 2023, and its model marketplace lists roughly 700 models from more than 70 asset managers. (geowealth.com) Company statements say the latest extension will provide shareholder liquidity while funding continued development of its UMA technology, tax‑management capabilities and AI initiatives. (wealthmanagement.com, geowealth.com) The Globe Resources Group remains GeoWealth’s majority owner, with Apollo, BlackRock, J.P. Morgan Asset Management and Kayne Anderson continuing as minority strategic backers alongside Goldman Sachs. (geowealth.com)
