Goldman Sachs Wealth Management - Competitor Profile

Goldman Sachs Wealth Management - Competitor Profile

Summary

GlobalData’s 'Goldman Sachs Wealth Management - Competitor Profile' provides a comprehensive analysis of Goldman Sachs’s private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on AUM. Customer targeting and service propositions are covered, as are product innovation and marketing activities.

Goldman Sachs is one of the leading financial services companies globally. It operates through four business divisions: Investment Banking, Global Markets, Asset Management, and Consumer and Wealth Management (CWM).

Scope

• Despite the uncertain market conditions, Goldman Sachs CWM revenues increased by 24.6% in 2021 compared to 2020.
• Global Sachs CWM is focusing on developing its asset management capabilities. The firm acquired retirement digital advice provider NextCapital Group in the US and asset manager NN Investment Partners in the Netherlands to strengthen its regional presence and expand its product offering.
• In February 2021, Goldman Sachs launched robo-advisory service Marcus Invest for its Marcus savings account customers in the US. The platform provides over 50 stock and bond exchange-traded fund portfolios and allocates individuals’ wealth into automated portfolios based on their risk tolerance and financial background. The automated portfolios are based on models developed by the group’s investment strategy team.
• Marcus Invest includes an ESG-aligned investment strategy known as Impact. Impact is one of the three investment strategies that supports sustainable business practices and avoids those that may cause environmental and social harm. In particular, the portfolio avoids investing in coal, tobacco, and firearms.

• Examine the financial performance, key ratios, and AUM growth of Goldman Sachs and its Wealth Management division and benchmark this competitor against other global wealth managers.
• Understand Goldman Sachs Wealth Management’s current strategic objectives and their impact on its financial performance.
• Discover Goldman Sachs Wealth Management’s key products and client-targeting strategies and examine whether these have been successful.
• Learn more about Goldman Sachs Wealth Management’s marketing strategy, social media presence, and digital innovations.