The bank held an 11% share in the wealth manager since launch in 2008, which helped it to grow and expand its platform.
Today Vestra boasts some £3.6bn in assets under management with over 150 staff across its offices in London and Jersey.
Last month it launched Vestra US, providing specialist knowledge and support to US-connected clients who need to build tax-efficient portfolios.
David Scott, senior partner of Vestra Wealth, said the firm had grown steadily since its formation in terms of assets under management, turnover and profits.
He remarked: “This transaction represents an important milestone for Vestra. As we approach our five year anniversary, having built a platform which is firmly established in the industry, it was the right time for the partners to agree this acquisition from Goldman.
“It also comes at a time of on-going change in the industry. As regulation has been brought in which supports our own founding values of transparency and independence, we now look to other areas of the market where we believe we can take the lead in fulfilling our client’s ever-changing needs.
