Financial powerhouse Chase Manhattan, a well-established lender to Hollywood, announced Wednesday the acquisition of Goldman, Lichtenberg, Wasserman & Grossman, a business and financial management firm based in Los Angeles.
Terms of the transaction weren’t revealed, but a source put its value in seven figures. Privately held Goldman Lichtenberg will be integrated into Chase’s Chase Global Private Bank unit.
The firm, founded in 1993 by business-management execs Ralph Goldman, Matt Lichtenberg, Eric Wasserman and Howard Grossman, provides services ranging from personal-finance management to business accounting and tax planning.
“The purchase … exemplifies our overall commitment to being a one-stop provider to our clients and to being the premier wealth-management firm in California,” Chase Global head Maria Elena Lagomasino said.