Entrusted with $1.6 trillion in client assets (consisting of assets under supervision, brokerage assets and Marcus deposits), Goldman Sachs’ wealth management is a colossus of the private banking world. Drawing on over a century and a half of experience, it leverages its resources, investment platform, global network and lending capacity to deliver a host of tailored solutions to clients.
A key focus is the ultra-high-net-worth space and key constituents – notably family offices, endowments and foundations – where account size ranges from $10 million to well over $1 billion and averages out at $70 million. More than 1,000 private wealth advisers help clients across the world figure out their philanthropic ambitions, create and oversee trusts, build a lasting portfolio, navigate complex tax codes and much, much more.
No one knows the business better than Tucker York, global head of Goldman Sachs Wealth Management, and a member of the firm’s management committee.