Citing the small fund family’s inability to survive on its own, Citizens Banking Corp. this week announced that its Golden Oak mutual funds would become the joint possession of Goldman Sachs and Federated Investors, Reuters reports.

The Golden Oak funds possess about $465 million in assets under management, and James Schmelter, the executive vice president in charge of wealth management at CBC, said the company already has working relationships with both Federated and Goldman Sachs. The company expects the transition to be completed by the end of September.

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