Goldman Sachs Wealth Management Average UHNW Client Account Size is $70 Million in 2024, Reports $1.6 Trillion AUM with $10.4 Billion Revenue Representing 0.65% Revenue on AUM in 2024
20th January 2025 | Hong Kong
Goldman Sachs Wealth Management average UHNW client account size is around $70 million in 2024, and reports $1.6 trillion AUM with $10.4 billion revenue representing 0.65% revenue on AUM in 2024. In 2024 December, Goldman Sachs announced to provide 2 family office platforms with 1) Family Office Solutions (à la carte services) led by Chris Gleason, and 2) The Private Family Office (Dedicated team & comprehensive coverage) led by Laura Carroll with services provided by Goldman Sachs Ayco. Both platforms via a unified platform are led by Global Head of Goldman Sachs Family Office Stacy Mullaney. In 2024 April, Goldman Sachs will continue to increase private banking hiring in Asia & Middle East with key markets in Singapore, Hong Kong, Australia & Dubai. Goldman Sachs Head of Global Asset & Wealth Management is Marc Nachmann. Since 2022, Goldman Sachs Singapore private wealth management headcount has increased by around 30%.
“ Goldman Sachs Wealth Management Average UHNW Client Account Size is $70 Million in 2024, Reports $1.6 Trillion AUM with $10.4 Billion Revenue Representing 0.65% Revenue on AUM in 2024 “
Goldman Sachs to Provide 2 Family Office Platforms with 1) Family Office Solutions (à La Carte Services) Led by Chris Gleason & 2) The Private Family Office (Dedicated Team & Comprehensive Coverage) Led by Laura Carroll with Services Provided by Goldman Sachs Ayco, Both Platforms via Unified Platform Led by Global Head of Goldman Sachs Family Office Stacy Mullaney
12th December 2024 – Goldman Sachs has announced to provide 2 family office platforms with 1) Family Office Solutions (à la carte services) led by Chris Gleason, and 2) The Private Family Office (Dedicated team & comprehensive coverage) led by Laura Carroll with services provided by Goldman Sachs Ayco. Both platforms via a unified platform are led by Global Head of Goldman Sachs Family Office Stacy Mullaney. Goldman Sachs (12/11/24): “The Goldman Sachs Group, Inc (NYSE: GS) today announced an evolved family office platform that offers its private wealth clients flexibility, choice, and simplicity. The firm has integrated its Ayco and Private Wealth Management (PWM) family office offerings, leveraging decades of experience in providing an advisor-led outsourced family office. As a part of the new platform, the firm is also building out an à la carte service solution, designed to meet targeted client needs and preferences. There is a clear shift in client preferences for broader services customized to their specific needs. Increasingly, clients want comprehensive wealth management, akin to a family office without the operational and administrative burden of running one, as well as the flexibility to utilize different services as their needs evolve. The newly enhanced Goldman Sachs Family Office will provide clients access to a holistic, customizable approach to wealth management. This unified family office platform will be led by Stacy Mullaney, global head of the Goldman Sachs Family Office, and will include: 1) Family Office Solutions, which offers à la carte services that clients can select from a menu of services – whether that be ad hoc or on an ongoing basis to meet their evolving needs. From consolidated reporting and alternative investment administration to cybersecurity, Goldman Sachs is integrating innovative third-party fintech platforms to deliver modern and digital offerings to clients. Family Office Solutions will be led by Chris Gleason. 2) The Private Family Office, will continue to provide clients with a dedicated team to manage what are often complex and highly personal finances. This full family office practice offers a solution for clients in need of comprehensive coverage including advisory, reporting, coordination and execution. The Private Family Office will continue to be led by Laura Carroll, with services provided by Goldman Sachs Ayco. PWM draws upon years of investment experience working with large institutional family offices globally through its Goldman Sachs Apex team. The Apex team delivers unique investment opportunities, sophisticated intellectual capital, private market expertise and differentiated deal flow and access sourced from across Goldman Sachs and a deep network of partners. The Apex team also facilitates many forums across the globe for family offices to network, share best practices and convene on topics that are top of mind. 3) The broader Ayco business continues its focus on partnering with more than 500 corporate clients to help executives optimize time and effectiveness. Services may include integrated wealth planning (insurance, tax planning & preparation, estate planning, and more), access to the Goldman Sachs wealth platform, and full-service coordination and implementation assistance. Ayco delivers corporate-sponsored wealth planning benefits to executives and the broader workforce at over 50% of the Fortune 100, and nearly a quarter of the Fortune 1000.” In 2024 April, Goldman Sachs will continue to increase private banking hiring in Asia & Middle East with key markets in Singapore, Hong Kong, Australia & Dubai. Goldman Sachs Head of Global Asset & Wealth Management is Marc Nachmann. Since 2022, Goldman Sachs Singapore private wealth management headcount has increased by around 30%.
John Mallory, Co-Head of Global Private Wealth Management: “When we talk to our clients about whether or not to build a family office, three themes stand out: strong governance, flexibility to meet the needs of the extended family, and continuity. We are committed to delivering exceptional value and personalized support to meet our clients where and how they want to be served based on their unique and evolving needs, ensuring that families can effectively manage and grow their wealth across generations.”
Stacy Mullaney, Global Head of Goldman Sachs Family Office: “We know our clients value the global network and deep resources of Goldman Sachs. By integrating our services into one platform, we can provide the scale and resources necessary to meet our clients’ increasing demand for holistic wealth management, along with the flexibility to meet different needs at different points in time. This enhanced platform will provide a continuum of services and allow us to now say ‘we are your family office’ – whether that be targeted à la carte solutions or an advisor-led holistic solution.”
Goldman Sachs Private Wealth Management – Goldman Sachs Private Wealth Management specializes in creating comprehensive wealth management plans for ultra-high net worth individuals and families, as well as select institutions, including foundations and endowments. Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Goldman Sachs to Increase Private Banking Hiring in Asia & Middle East with Key Markets in Singapore, Hong Kong, Australia & Dubai, Goldman Sachs Head of Global Asset & Wealth Management is Marc Nachmann, Singapore Headcount Has Increased 30% Since 2022
27th April 2024 – Goldman Sachs will continue to increase private banking hiring in Asia & Middle East with key markets in Singapore, Hong Kong, Australia & Dubai. Goldman Sachs Head of Global Asset & Wealth Management is Marc Nachmann. Since 2022, Goldman Sachs Singapore private wealth management headcount has increased by around 30%. In 2024 January, Goldman Sachs reported $8.5 billion net profit for 2023, with investment banking generating $6.2 billion in revenue, private banking & lending with $2.5 billion revenue, asset & wealth management generating $13.8 billion revenue with $2.8 trillion assets, and JP Morgan raising alternatives AUM of $225 billion from new funds launched including Goldmans Sachs West Street Mezzanine Partners VIII, Goldman Sachs Vintage Fund IX, West Street Global Growth Equity Partners I, and West Street Infrastructure Partners IV.
Goldman Sachs Reports $8.5 Billion Net Profit for 2023, Investment Banking $6.2 Billion Revenue, Private Banking & Lending $2.5 Billion Revenue, Asset & Wealth Management $13.8 Billion Revenue with $2.8 Trillion Assets, Raised Alternatives AUM of $225 Billion
17th January 2024 – Goldman Sachs has reported $8.5 billion net profit for 2023, with investment banking generating $6.2 billion in revenue, private banking & lending with $2.5 billion revenue, asset & wealth management generating $13.8 billion revenue with $2.8 trillion assets, and JP Morgan raising alternatives AUM of $225 billion from new funds launched including Goldmans Sachs West Street Mezzanine Partners VIII, Goldman Sachs Vintage Fund IX, West Street Global Growth Equity Partners I, and West Street Infrastructure Partners IV.
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