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How does the advisor help clients – Key Takeaways:
Goldman Sachs Personal Financial Management (GS PFM) is dedicated to helping clients achieve their financial goals through personalized and comprehensive financial planning services. Through their team of highly experienced advisors, clients receive tailored advice and strategies to help them build and manage their wealth.
- Expert advice and guidance in all aspects of financial planning
- Customized strategies to help clients meet their specific goals and needs
- Access to a wide range of investment options and services
- Fiduciary responsibility to act in the best interests of clients
Facts and Insights
GS PFM is a division of The Goldman Sachs Group, Inc., a leading global investment banking, securities and investment management firm. The division was established in 2015 and has since grown to over $39 billion in assets under management, with over 275 advisors serving clients in multiple locations across the United States.
Assets Under Management, Number of Advisors and Time in Business:
| Year Established | 2015 |
|---|---|
| Assets Under Management | $39 billion |
| Number of Advisors | 275+ |
Financial Services Offered
GS PFM offers a wide range of financial services to help clients achieve their short and long-term financial goals. Some of the services include:
- Investment management
- Retirement planning
- Tax planning
- Estate planning
- Insurance planning
Client Types
GS PFM serves a diverse range of clients, including individuals, families, and small business owners. Their clients come from all income levels and have varying financial goals and needs. Whether a client is just starting to build their wealth or is preparing for retirement, GS PFM has the expertise and resources to help.
Fees & Compensation
GS PFM operates on a fee-only basis, meaning they do not receive commissions for any products or services recommended to clients. This ensures that their advisors act in the best interests of their clients and avoids any conflicts of interest. The fees charged are based on a percentage of the assets under management and are discussed and agreed upon with each client before any services are provided.
Background
The team at GS PFM is made up of highly experienced and knowledgeable advisors, many of whom hold advanced degrees and certifications, such as Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA). This ensures that clients receive the highest level of expertise and advice to help them reach their financial goals.
Financial Advisor Disclosures to Know
As a registered investment advisor, GS PFM is required to disclose any potential conflicts of interest and disciplinary actions on their Form ADV, which is available to the public. Clients can also access this information through the Securities and Exchange Commission’s Investment Advisor Public Disclosure (IAPD) website.