Goldman, Neos Discuss $2.3 Billion Deal

Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, join Scarlet Fu and Eric Balchunas on "ETF IQ." Goldman Sachs Asset Management will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market. (Source: Bloomberg)