Goldman Sachs Asset Management (GSAM), part of Goldman Sachs (NYSE: GS), announced they are now offering total portfolios of public and private investments in a single account for Registered Investment Advisors (RIAs), in partnership with GeoWealth and iCapital.
Goldman Sachs Asset Management first announced its broad partnership with GeoWealth in October 2024.
RIAs will be able to allocate to and implement evergreen accredited investor alternatives alongside mutual funds, ETFs, and equity SMAs “within their own models or via Goldman Sachs Asset Management-designed custom models on GeoWealth’s platform.”
This capability enables advisors to better serve the needs of their high-net-worth investors “by making it easier to incorporate diversified private market exposures at scale.”
Marc Nachmann, Global Head of Asset and Wealth Management for Goldman Sachs said:
“Sophisticated RIAs have been seeking to modernize portfolios by incorporating public and private investment strategies. However, managing rebalancing and redemptions at scale has been a challenge. We are pleased that together with GeoWealth and iCapital, we have solved that problem. Leveraging our multi-asset expertise building public and private portfolios for institutions, we are now offering custom portfolios to our RIA partners. This is an inflection point for advisors as they look to give their clients the investment solutions they need, deliver excellent service and scale their practices,”
To manage the evergreen alternatives in a custom model, GeoWealth has developed “integrated workflows and a flexible rebalancing approach to facilitate liquidity needs and streamlined access across public and private market portfolios.”
Colin Falls, Chief Executive Officer of GeoWealth said:
“Advisors have long faced hurdles in implementing alternatives in model portfolios. Together with Goldman Sachs Asset Management and iCapital, GeoWealth is changing that narrative by delivering a tangible solution that enables hands-off rebalancing, trading, and liquidity management. The result is a meaningful reduction in operational burden and increased time savings which frees up advisors to focus on financial planning and relationship management.”
In addition, RIAs will also be seamlessly connected to iCapital’s Multi-Investment Workflow capabilities, “enabling advisors to enroll in multiple GSAM evergreen funds simultaneously through a single sub doc management experience.”
Lawrence Calcano, Chairman and CEO of iCapital said:
“We are excited to support GSAM and GeoWealth as they continue to advance the standards for a seamless experience when incorporating public and private model capabilities within a single account at scale. Our Multi Investment Workflow capabilities enable advisors to invest in multiple GSAM funds simultaneously through a single sub-doc management experience, reducing friction and complexity for end clients.”
Goldman Sachs Asset Management is the primary investing area within Goldman Sachs, “delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals.”
The business is driven by a focus “on partnership and success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.”
Goldman Sachs Asset Management is an investor “across fixed income, liquidity, equity, alternatives, and multi-asset solutions.”
Goldman Sachs reportedly oversees “$3.2 trillion in assets under supervision as of March 31, 2025.”