Goldman Sachs Asset Management is now offering custom model portfolios with public and private investments in a single account for registered investment advisors, in partnership with GeoWealth and iCapital.
RIAs will be able to allocate to evergreen accredited investor alternatives alongside mutual funds, ETFs and equity separately managed accounts within their own models or via Goldman-designed custom models on GeoWealth’s platform, the firm announced this week.
This capability enables advisors to serve their high-net-worth investors by making it easier to incorporate diversified private-market exposures at scale, Goldman said.
“Sophisticated RIAs have been seeking to modernize portfolios by incorporating public and private investment strategies. However, managing rebalancing and redemptions at scale has been a challenge. We are pleased that together with GeoWealth and iCapital, we have solved that problem," Marc Nachmann, Goldman's global head of asset and wealth management, said.
“Leveraging our multi-asset expertise building public and private portfolios for institutions, we are now offering custom portfolios to our RIA partners,” Nachmann said. “This is an inflection point for advisors as they look to give their clients the investment solutions they need, deliver excellent service and scale their practices.”
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