Goldman Sachs Asset Management (GSAM) today announced they are now offering total portfolios of public and private investments in a single account for Registered Investment Advisors (RIAs), in partnership with GeoWealth and iCapital. Goldman Sachs Asset Management first announced its broad partnership with GeoWealth in October 2024.
RIAs will be able to allocate to and implement evergreen accredited investor alternatives alongside mutual funds, ETFs, and equity SMAs within their own models or via Goldman Sachs Asset Management-designed custom models on GeoWealth’s platform. This unique capability enables advisors to better serve the needs of their high-net-worth investors by making it easier to incorporate diversified private market exposures at scale.
“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. Leveraging our multi-asset expertise building public and private portfolios for institutions, we are now offering custom portfolios to our RIA partners. 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,” said Marc Nachmann, Global Head of Asset and Wealth Management for Goldman Sachs.
To manage the evergreen alternatives in a custom model, GeoWealth has developed integrated workflows and a flexible rebalancing approach to facilitate liquidity needs and streamlined access across public and private market portfolios.
“Advisors have long faced hurdles in implementing alternatives in model portfolios. Together with Goldman Sachs Asset Management and iCapital, GeoWealth is changing that narrative by delivering a tangible solution that enables hands-off rebalancing, trading, and liquidity management,” said Colin Falls, Chief Executive Officer of GeoWealth. “The result is a meaningful reduction in operational burden and increased time savings which frees up advisors to focus on financial planning and relationship management,” continued Mr. Falls.
In addition, RIAs will also be seamlessly connected to iCapital’s Multi-Investment Workflow capabilities, enabling advisors to enroll in multiple GSAM evergreen funds simultaneously through a single sub doc management experience.
“We are excited to support GSAM and GeoWealth as they continue to advance the standards for a seamless experience when incorporating public and private model capabilities within a single account at scale” said Lawrence Calcano, Chairman and CEO of iCapital. “Our Multi Investment Workflow capabilities enable advisors to invest in multiple GSAM funds simultaneously through a single sub-doc management experience, reducing friction and complexity for end clients,” Mr. Calcano continued.
