David Slusarski

Goldman Sachs Asset Management charges investment management fees primarily as a percentage of the assets in your portfolio, though specific fee rates and schedules vary widely depending on the chosen strategy, account type, and whether the account is managed directly or through a wrap fee program.

• Separately Managed Accounts — Fees are calculated based on a percentage of assets under management, with rates generally determined by negotiation and individual account agreements.
• Wrap Fee Programs — Clients pay a single bundled fee to the program sponsor, which covers asset management, trade execution, and custody, while Goldman Sachs Asset Management receives a portion of this fee from the sponsor.
• Pooled Investment Vehicles — Funds managed by the firm generally charge a management fee, and certain private funds may also charge performance-based compensation or carried interest.

Actual fees, account minimums, and fee breakpoints are individually negotiated or set forth in the governing documents for each specific account or investment product.