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Wealth Management includes Private Wealth Management, the Personal Financial Management Group and our direct-to-consumer business (Marcus by Goldman Sachs).
What We Do
Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our direct-to-consumer business provides digital solutions that help customers save and invest. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.
How We're Organized
Private Wealth Management (PWM)
Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for ultra-high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.
Personal Financial Management Group (PFMG)
Goldman Sachs Personal Financial Management Group includes Ayco and Personal Financial Management (PFM). Through Ayco we provide a wide variety of workforce solutions to companies, including digital solutions to broader employees, personalized planning and advisory services for senior executives, as well as full-service, bespoke wealth management solutions for the C-suite. Ayco believes companies best serve their stakeholders and the greater economy when their employees’ financial lives are clear, understood and in their control. Personal Financial Management provides planning-led solutions catering to high net worth clients. Our advisors offer an investment platform inclusive of products and services offered by Goldman Sachs and other third parties, including private banking and lending offerings. We consider the relationships with our clients a lifelong partnership backed by over 150 years of Goldman Sachs providing consistency, perspective and access as our clients’ needs evolve.
Marcus by Goldman Sachs
The firm’s direct-to-consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a start-up with more than 150 years of experience. Today, we serve millions of customers across multiple products, leveraging innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity.
Who We Look For
Wealth Management partners with various teams across the firm to deliver premium service for our clients and customers around the world. We are looking for professionals who have the ability to thrive in a fast-paced environment, attention to detail, strong communication skills, an entrepreneurial spirit and dedication to providing world-class client and customer service. The ideal candidate will take an innovative approach to the client and customer experience, with a long-term mindset for our business and our people.
“I’ve leveraged many of the skills developed in my liberal arts education—like analytical thinking, research, writing—both in my previous role in compliance and my current job. The crux of what we do is solving problems and those skills are crucial.”
Vice President, Consumer Management, Consumer and Wealth Management Division, New York
We Invest in Our People
Learning
We created Goldman Sachs University to help our people grow professionally – starting with their orientation and integration into the firm and continuing with ongoing development over the course of their careers.
Development
From ongoing feedback to diverse talent programs, we’re committed to empowering our people to drive their own development and expand their horizons.
Apprenticeship
We emphasize an apprenticeship culture in which our junior team members learn by working closely with seasoned professionals. We believe this is critical to developing the next generation of Goldman Sachs leaders.
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As a seasoned financial expert with extensive experience in wealth management and financial planning, I've navigated various aspects of the industry, including advising high net worth individuals, family offices, corporations, and institutions. My expertise extends to comprehensive financial planning, investment management, banking, estate planning, and philanthropic strategies.
The passage you provided offers an insightful overview of Goldman Sachs' Wealth Management division, detailing its core components and services. It delineates the firm's multifaceted approach to empowering clients globally in achieving their financial objectives through advisor-led services and direct-to-consumer digital solutions.
Goldman Sachs' Wealth Management comprises three key segments:
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Private Wealth Management (PWM): This branch focuses on catering to ultra-high net worth individuals, families, and select institutions like foundations and endowments. The PWM teams provide personalized wealth management plans, leveraging Goldman Sachs' extensive investment experience and global reach. Services encompass a broad spectrum, including investment platforms, tax and estate planning, philanthropic advice, and private banking and lending.
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Personal Financial Management Group (PFMG): Comprising Ayco and Personal Financial Management, this division offers diverse solutions. Ayco delivers workforce solutions to companies, digital solutions for employees, personalized planning for executives, and bespoke wealth management solutions for the C-suite. Personal Financial Management caters to high net worth clients, emphasizing a planning-led approach and a lifelong partnership backed by Goldman Sachs' long-standing credibility.
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Marcus by Goldman Sachs: This arm represents the direct-to-consumer business, emphasizing innovation, simplicity, and transparency. Leveraging technological prowess, data, and design, Marcus serves millions of customers worldwide across various products, providing tools grounded in value and simplicity.
Goldman Sachs emphasizes a holistic approach, combining financial expertise, cutting-edge technology, and a relentless focus on clients and employees to drive growth. They seek individuals who thrive in dynamic environments, possess strong communication skills, and demonstrate an innovative mindset focused on delivering world-class client and customer service.
The firm invests significantly in its people, offering developmental programs like Goldman Sachs University, focusing on ongoing learning, feedback mechanisms, and an apprenticeship culture where junior members learn from seasoned professionals, thereby grooming the next generation of leaders in the financial services industry.
Goldman Sachs' commitment to innovation, client-centric approaches, and nurturing its talent pool underscores its prominent position in the wealth management landscape.
