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  Goldman Sachs Bank Private Wealth Management
Goldman Sachs Bank Private Wealth Management
in Wealth Management from Goldman Sachs Bank USA
Claimed

Goldman Sachs Bank Private Wealth Management

Claimed
in Wealth Management from Goldman Sachs Bank USA
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Minimum Initial Investment $10,000,000
Median Account $55,000,000
Wealth Managers 896
U.S. AUM (billions) $902.50

Goldman Sachs Bank Private Wealth Management Review

Goldman Sachs Bank Private Wealth Management is offered by Goldman Sachs Bank USA, a bank founded in 1869 and based in New York, NY. Goldman Sachs Bank Private Wealth Management are available in 50 states (and Washington, DC).

Goldman Sachs Bank Private Wealth Management Pros & Cons

Pros Cons
  • Offers tax planning services.
  • Provides personalized investment advice.
  • Includes estate planning.
  • Offers accounting services.
  • Help with acquisitions and dispositions.
  • Offers accounting services.
  • Wide selection of wealth management services offered.
  • Competitive investment expense ratios.
  • Transparent fee model.
  • There can be compensation-related conflicts of interest.

Goldman Sachs Bank Private Wealth Management FAQ

What wealth management fees does Goldman Sachs Bank Private Wealth Management charge?

Goldman Sachs Bank Private Wealth Management uses a fee-only model .

Fee-only model. The main advantage of this model is clients don't have to worry their wealth managers are influenced by commissions when making financial recommendations. Fee-only advisors have a fiduciary duty toward their clients. That means they are legally required to put their clients' interests first and cannot sell them a product they don't need or that goes against their goals or risk tolerance.

What are the investment expense ratios of Goldman Sachs Bank Private Wealth Management?

Hiring a wealth management firm with competitive investment fees is one of the most important steps to maximizing your portfolios performance.

Goldman Sachs Bank Private Wealth Management charges an investment expense ratio that starts at 0.2% and ranges up to 9.9%

What are the annual management fees of Goldman Sachs Bank Private Wealth Management?

The management fees will depend on the funds included in your portfolio. Goldman Sachs Bank Private Wealth Management does not provide a specific range but in the case of funds that charge a management fee, clients pay for indirect Fund investment advisory fees to the investment adviser of each Fund and direct Program Advisory Fees to Goldman Sachs Bank Private Wealth Management.

Goldman Sachs Bank Private Wealth Management Fees
Description
Fee Model
  • Management and/or advisory fee
Investment Expense Ratios 0.2% - 9.9%

What wealth management services does Goldman Sachs Bank Private Wealth Management offer?

Wealth management companies typically offer a wide selection of services. Goldman Sachs Bank USA provides the following:

Wealth Management Services Offered
Supported Options Unsupported Options
  • Tax Planning
  • Strategic Research
  • Acquisitions and dispositions
  • Cash management
  • Accounting
  • Estate Planning
  • Investment Advice
  • Financial reporting
  • Due diligence

What investment vehicles does Goldman Sachs Bank Private Wealth Management offer?

A well-balanced portfolio should include a mix of investments, such as stocks, bonds, real estate, and other investment vehicles. It should also contain assets with varying levels and types of risk to help minimize the overall impact if one of the portfolio's assets loses its value.

Goldman Sachs Bank USA offers the following types of investment portfolios and account types.

Investment Vehicles
Supported Options Unsupported Options
  • Real estate securities
  • Separate accounts
  • Real estate debt
  • Commingled funds
  • Co-investment programs
  • Global indirect investments
  • Strategic partnerships

These are the investment options Goldman Sachs Bank USA offers its clients.

Investment Choices
Supported Options Unsupported Options
  • Stocks
  • Mutual Funds
  • Bonds
  • Real Estate
  • International Stocks
  • Options
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Startups
  • Marketplace Loans
  • Cryptocurrencies
  • ETFs
  • Treasury Bills

What is the minimum amount you have to invest to open an account with Goldman Sachs Bank Private Wealth Management?

The minimum amount to open an account with Goldman Sachs Bank Private Wealth Management is 10000000. The median account with Goldman Sachs Bank Private Wealth Management has $55,000,000 under management.
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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Fee Model
  • Management and/or advisory fee
Investment Expense Ratios 0.2% - 9.9%
Median Account $55,000,000
U.S. AUM (billions) $902.50
Wealth Managers 896
Minimum Initial Investment $10,000,000
Investment Choices
  • Stocks
  • Mutual Funds
  • Bonds
  • Real Estate
  • International Stocks
Investment Vehicles
  • Real estate securities
  • Separate accounts
  • Real estate debt
Wealth Management Expertise
  • Investing Advice
  • Tax Planning
  • Real Estate Investing
Wealth Management Services Offered
  • Tax Planning
  • Strategic Research
  • Acquisitions and dispositions
  • Cash management
  • Accounting
  • Estate Planning
  • Investment Advice

Goldman Sachs Bank Private Wealth Management Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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