Goldman Sachs Asset Management (GSAM) provides investment advisory services through separately managed accounts and pooled investment vehicles like mutual funds and private investment funds. GSAM offers discretionary and non-discretionary advice, including portfolio construction, asset allocation, and risk management. GSAM also advises on alternative investments like hedge funds and private equity. GSAM's services are available through wrap fee programs sponsored by broker-dealers.
Fee Structure
GSAM generally charges a percentage of assets for managing separate accounts. The actual fees, minimum fees, and minimum account sizes may be negotiated. Fees may vary based on client circumstances, the size of the relationship, and customization of investment guidelines. Some clients with multiple accounts may be able to aggregate them for lower fee rates. GSAM also manages pooled investment vehicles, charging management fees and incentive fees or allocations, as detailed in each fund's prospectus.