SEC-registered wealth management firm Broker-dealer affiliated
Goldman Sachs Wealth Services, L.P.
As of its Form ADV filed June 15, 2026, Goldman Sachs Wealth Services, L.P., an SEC-registered, broker-dealer affiliated wealth management firm in Cohoes, New York, reported $31.7 billion in regulatory assets under management across 36,184 accounts, ranking #18 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 106693
- SEC file number
- 801-48238
- Registered since
- December 9, 1994
- Latest Form ADV filing
- June 15, 2026
- Organized as
- Limited Partnership
- Fiscal year ends
- December
- Other offices
- 23
Key figures
- Regulatory assets under management
- $31.7 billion
- Discretionary
- $31.7 billion (100.0%)
- Non-discretionary
- $0
- Accounts
- 36,184 (36,184 discretionary)
- Clients
- 207,549, approximate as reported
- Employees
- 1,923
- Advisory staff
- 1,134 performing investment advisory functions
- Average account
- $875,756
- Asset growth, 1 year
- 22.1% (from $26.0 billion a year earlier)
- Asset growth, 3-year annual rate
- 3.5% (from $28.6 billion three years earlier)
- Asset growth, 5-year annual rate
- 15.9% (from $15.1 billion five years earlier)
- Client growth, 1 year
- -4.2% (from 216,636)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $19.6 billion |
| October 3, 2011 | $17.4 billion |
| October 1, 2012 | $17.3 billion |
| October 1, 2013 | $19.6 billion |
| October 1, 2014 | $23.1 billion |
| October 1, 2015 | $26.1 billion |
| October 3, 2016 | $27.3 billion |
| October 2, 2017 | $29.5 billion |
| October 1, 2018 | $34.2 billion |
| October 1, 2019 | $34.9 billion |
| October 1, 2020 | $12.8 billion |
| October 4, 2021 | $15.1 billion |
| October 3, 2022 | $31.8 billion |
| October 5, 2023 | $28.6 billion |
| October 1, 2024 | $25.9 billion |
| September 2, 2025 | $26.0 billion |
| October 2, 2026 | $31.7 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 38,800 clients | $24.8 billion | |
| Other 2,235 clients | $5.9 billion | |
| Charitable organizations 75 clients | $902.0 million | |
| Corporations or other businesses 30 clients | $107.2 million | |
| Pension and profit sharing plans 9 clients | $6.9 million | |
| Individuals (other than high net worth) 76,550 clients | $0 |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Subscription fees
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Publication of periodicals or newsletters
- Educational seminars or workshops
Financial planning clients (Item 5.H): 104000.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Municipal advisor
- Swap dealer
- Commodity pool operator or commodity trading advisor
- Futures commission merchant
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Pension consultant
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $20.7 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 1,142
- Also registered through a broker-dealer
- 1,141
- Employees who are IARs (Form ADV 5.B(3))
- 1,084
Designations held by the firm's IARs: CFP 27, CFA 11, ChFC 2.
Between 194 and 459 of the firm's 1,142 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 9 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| Wealthspire Advisors | New York | $34.3 billion |
| BNY Mellon Advisors, Inc. | New York | $33.5 billion |
| Eagle Strategies LLC | New York | $32.0 billion |
| Tiedemann Advisors, LLC | New York | $31.0 billion |
| Silvercrest Asset Management Group LLC | New York | $28.3 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Goldman Sachs Wealth Services, L.P. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.goldmansachs.com/what-we-do/ayco
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.