Goldman Sachs Wealth Services offers financial planning and investment management services to individuals and families. Financial planning covers areas like retirement, estate, insurance, and tax. Investment management involves creating a portfolio based on your risk tolerance and goals, using various investments like stocks, bonds, and funds. Services are available through corporate programs or directly.
Fee Structure
Goldman Sachs Wealth Services charges fees for managing your investments, which are calculated as a percentage of the assets in your account. There are two main fee models:
- Strategy-based fees: Fees are based on the specific investment strategy used.
- Comprehensive Pricing Program (CPP): A comprehensive fee model with a maximum advisory fee of 1.50%. This model is suitable for clients who invest across a number of asset classes.
In addition to advisory fees, you may also pay transaction fees, custody fees, and underlying fund fees. Fees are negotiable and can vary based on factors like the services provided, the amount you invest, and any corporate affiliations.