Goldman Sachs Asset Management, L.P
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Overview
Goldman Sachs Asset Management, L.P is an advisory firm that has its headquarters in New York, New York. It has $1.2 trillion in assets across 74,398 accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a very large team of 1,248 employees, including 919 financial advisors. Goldman Sachs Asset Management, L.P is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as bonds, stocks and options.
Goldman Sachs Asset Management, L.P manages more than half of the company's client assets in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without requiring client permission. The company also has 15,918 non-discretionary accounts totaling $30.6 billion in AUM. The firm's average account size is $15.6 million. The typical advisor at Goldman Sachs Asset Management, L.P oversees around 81 client accounts.
Goldman Sachs Asset Management, L.P's central office is at 200 West Street, New York, New York 10282. The firm is permitted to serve customers across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Goldman Sachs Asset Management, L.P by the Numbers

$1.2 trillion

1,248

74,398

$15.6 million
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Products and Services
Goldman Sachs Asset Management, L.P provides a number of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. Notably, Goldman Sachs Asset Management, L.P did not provide financial planning services to any of its accounts in the previous financial year. It does not sell products or offer services aside from investment advisory services to its investment advisory accounts. Goldman Sachs Asset Management, L.P is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 62% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 23% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 10% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees typically depend on which services the firm provides the client. Fees billed by the company most likely include any blend of the following fee types: asset-based, fixed, performance-based or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 74% of firms
Percentage of Assets
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Offered by 17% of firms
Performance-based
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Offered by 40% of firms
Fixed
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Offered by 12% of firms
Other
Unavailable
Types of Clients
The company manages money for a broad range of customers. The firm caters to retail investors, high net worth investors, banking institutions, investment companies, business development companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 74,398 accounts, Goldman Sachs Asset Management, L.P's largest client is high net worth investors, but it also manages money for 14,837 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 5% of the company's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 63.82%
- Other Individuals - 4.79%
- Corporations - 29.25%
- Charitable Organizations - 2.14%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Goldman Sachs Asset Management, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 08/06/2020 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
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