Josephine Norton
Goldman Sachs is a global investment bank and financial services company that generates money through its three principal business lines: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The company serves influential corporations and institutions with financing, advisory services, and liability management. Goldman Sachs offers investment opportunities in bonds, equities, fixed income, liquidity solutions, and alternatives such as private equity, growth equity, and hedge funds. The company also provides wealth management services for ultra-high-net-worth individuals and families. With a commitment to delivering exceptional client service, Goldman Sachs has maintained its position as a global leader in the financial industry.
| Characteristics | Values |
|---|---|
| Business Model | Global Banking & Markets, Asset & Wealth Management, and Platform Solutions |
| Net Revenue in 2023 | $46.3 billion |
| Return on Equity in 2023 | 7.5% |
| Return on Tangible Equity in 2023 | 8.1% |
| Market Capitalization as of Sept. 6, 2024 | $151.5 billion |
| Number of Employees in 2023 | 45,300 |
| Investment Banking | Advisory, equity, and debt underwriting fees, fixed income, commodities, and currencies (FICC), intermediation and financing activities, acquisition financing, and investing activities |
| Asset & Wealth Management | Management fees, incentive fees, equity investments, private banking and lending, and equity and debt investments |
| Platform Solutions | Consumer platforms, such as credit cards, point-of-sale financing, and transaction banking |
| Investment Outlook | Economic growth, unemployment, interest rates, and trade uncertainty |
| Investment Options | Mutual and exchange-traded funds, bonds, equities, fixed income, liquidity solutions, alternatives, multi-asset solutions, and external investing |
What You'll Learn
Global Banking & Markets
Goldman Sachs' Global Banking & Markets business is a full-service, integrated investment banking, investment management, and brokerage firm. It serves the most influential corporations and institutions with financing, advisory services, and liability management.
The business provides insights, analytics, platforms, and client service to offer unmatched execution. It delivers leading market intelligence and analytics to help clients refine market views, hedge risk, and execute their trading strategies.
The business's sales, trading, and private side personnel may have positions in the products mentioned that are inconsistent with the views expressed in its materials. The materials provided are not independent advice and should not be considered investment recommendations.
Goldman Sachs' strategy is anchored in its world-class, interconnected Global Banking & Markets and Asset & Wealth Management franchises, which are uniquely positioned to drive growth and value for shareholders and clients.
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Asset & Wealth Management
Goldman Sachs is a global investment bank and investment management firm that provides a range of services to its clients, including underwriting initial public offerings (IPOs), trading in fixed income, equity, currency, and commodity securities, investment advisory, wealth management, lending, financing, and asset management.
Goldman Sachs divides its financial services offerings into three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
The company manages client assets across a broad range of strategies, including equity, fixed income, and alternative investments. Alternative investments include hedge funds, credit funds, private equity, currencies, real estate, and asset allocation strategies.
In 2023, Asset & Wealth Management brought in net revenues of $13.9 billion, a 4% increase from 2022.
Goldman Sachs offers a range of mutual and exchange-traded funds for individual investors. The company aims to meet the financial needs of institutional and individual investors with innovative investment solutions.
The company's strategy is anchored in its world-class, interconnected Global Banking & Markets and Asset & Wealth Management franchises, which are uniquely positioned to drive growth and value for shareholders and clients.
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Platform Solutions
Through Platform Solutions, Goldman Sachs helps clients to build a treasury of the future, while powering tech-forward financial platforms to deliver enhanced offerings. The business also enables institutional clients to launch, list, and manage their ETFs efficiently using its digital platform.
Goldman Sachs has a long history of software innovation, dating back to the creation of SecDb in the early 1990s. The company's digital experience is built on a set of over 200 APIs, allowing for rapid integration with third-party technology and financial product providers. This is coupled with cloud-based infrastructure to ensure a secure and scalable backbone for businesses.
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Investment banking
Goldman Sachs is a preeminent global investment bank, serving influential corporations and institutions with financing, advisory services, and liability management. The bank works with a diverse group of clients, including corporations, financial institutions, entrepreneurs, asset managers, and governments.
Goldman Sachs' investment banking division provides a broad range of services, from advising on cross-border mergers to structuring initial public offerings and refinancing bonds. The bank's strategic objectives include being the trusted advisor, financier, and risk manager for clients on their most significant transactions, building long-term relationships, and delivering superior returns for stakeholders.
The investment banking team at Goldman Sachs is organised by industry groups, including Consumer Retail Group, Financial Institutions Group, Healthcare, Industrials, and Technology, Media and Telecom. They also have groups dedicated to specific regions, country, and company size, such as the Cross Markets Group.
The Mergers & Acquisitions Group within the investment banking division offers differentiated advice on shareholder activism, corporate governance issues, and structured transactions like spin-offs and divestitures. They work closely with corporate clients, pension funds, financial sponsors, and governments to execute complex financing and risk management solutions.
Goldman Sachs' commitment to delivering exceptional client service and pursuing exceptional performance has defined its culture for over 155 years.
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Wealth management
Goldman Sachs Private Wealth Management (PWM) creates comprehensive wealth management plans for ultra-high-net-worth individuals and families, as well as select institutions, including foundations and endowments. PWM teams work closely with clients to advise and deliver customised strategies, leveraging the firm's deep investment experience, diverse wealth management capabilities, and global reach. The PWM advisors offer an extensive investment platform that includes tax and estate planning, philanthropic planning, and private banking and lending services.
Goldman Sachs Ayco, the workplace financial planning arm, serves as an extension of companies' HR teams, helping employees maximise their benefits and compensation. Through its Personal Wealth offering, Goldman Sachs Ayco caters to high-net-worth clients with assets typically ranging from $5-10 million.
The Private Banking, Lending & Deposits (PBLD) division provides competitive liquidity and lending solutions integrated with clients' wealth management goals.
Goldman Sachs's Wealth Management division also partners with various teams across the firm to deliver premium service to clients worldwide. The division is committed to investing in its people, clients, technology, data, and design to drive growth and deliver exceptional client experiences.
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Frequently asked questions
Goldman Sachs is a global investment bank and financial services company. They are considered a world leader in investment banking and financial services, serving influential corporations and institutions.
The company operates in three principal business lines: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
Goldman Sachs provides a range of services including financing, advisory services, liability management, underwriting, and investment management.
The 2025 Goldman Sachs Outlook predicts solid global economic growth despite trade uncertainty. The United States economy, in particular, is expected to exceed expectations.
Goldman Sachs offers investment opportunities through mutual and exchange-traded funds. They also provide insights and guidance on various investment options, such as bonds.
