Goldman Sachs Private Wealth Management (PWM) offers investment advisory services to high-net-worth individuals and institutional clients. PWM provides both discretionary and non-discretionary investment advisory services, including asset allocation and portfolio construction recommendations. PWM operates through Private Wealth Advisors and Portfolio Management Teams. PWM also offers Family Office Services, including tax support, reporting and analytics, and estate planning services. GS&Co. may refer clients to affiliates, including Goldman Sachs Wealth Services.
Fee Structure
Clients generally compensate Goldman Sachs for its advisory services through a fee calculated as a percentage of the assets in the advisory account. The advisory fee varies depending on factors such as the pricing model, the size of the relationship, client customization of investment guidelines, required service levels, and the asset class. Clients may pay more or less than other clients invested in similar strategies. For certain fixed income strategies, clients may receive a fee reduction during low interest rate environments. Clients also pay commissions, commission equivalents, mark-ups, mark-downs and spreads in addition to advisory fees.