RIA comparison · SEC Form ADV
Goldman Sachs Wealth Services, L.P. vs HB Wealth
Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.
The short answer
Goldman Sachs Wealth Services, L.P. is the larger of the two, with $32B in regulatory assets to $30B at HB Wealth, 5% more than its rival, by their latest Form ADV filings. Goldman Sachs Wealth Services, L.P. reports more individual clients (115,350 vs 4,808), while HB Wealth’s clients hold more on average (about $4.8 million each against $220,000). Goldman Sachs Wealth Services, L.P. is based in Cohoes, New York and HB Wealth in Atlanta, Georgia.
| Figure | Goldman Sachs Wealth Services, L.P. | HB Wealth |
|---|---|---|
| Regulatory AUM | $32B | $30B |
| National rank | #33 | #35 |
| Headquarters | Cohoes, New York | Atlanta, Georgia |
| Individual clients | 115,350 | 4,808 |
| High-net-worth clients | 38,800 | 3,169 |
| Average client assets | $220,000 | $4.8 million |
| Accounts | 36,184 | 26,148 |
| Discretionary | 100% of AUM | 89% of AUM |
| Employees | 1,923 | 325 |
| Advisory staff | 1,134 | 152 |
| Clients per advisory employee | 102 | 32 |
| Offices | 24 | 12 |
| Form ADV filed | 2026-06-15 | 2026-09-03 |
Goldman Sachs Wealth Services, L.P.
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Subscription fees
- Fixed fees
HB Wealth
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Questions
Which is bigger, Goldman Sachs Wealth Services, L.P. or HB Wealth?
Goldman Sachs Wealth Services, L.P., with $32B in regulatory assets under management against $30B at HB Wealth. Nationally they rank #33 and #35 among 5,657 independent wealth management RIAs.
How many clients do Goldman Sachs Wealth Services, L.P. and HB Wealth have?
Goldman Sachs Wealth Services, L.P. reports 115,350 individual clients (38,800 high-net-worth) with 1,134 advisory employees; HB Wealth reports 4,808 (3,169 high-net-worth) with 152 advisory employees.
How do Goldman Sachs Wealth Services, L.P. and HB Wealth charge clients?
Only Goldman Sachs Wealth Services, L.P. lists subscription fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.
What services do Goldman Sachs Wealth Services, L.P. and HB Wealth offer?
Goldman Sachs Wealth Services, L.P. lists periodicals or newsletters; educational seminars and workshops, which HB Wealth does not. HB Wealth lists portfolio management for investment companies; portfolio management for pooled investment vehicles; other services, which Goldman Sachs Wealth Services, L.P. does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; selecting other advisers.
More comparisons
- Clearstead; Clearstead Advisory Solutions vs Goldman Sachs Wealth Services, L.P. $34B · $32B
- Sequoia Financial Group, L.L.C. vs Goldman Sachs Wealth Services, L.P. $32B · $32B
- Goldman Sachs Wealth Services, L.P. vs Tiedemann Advisors, LLC $32B · $31B
- Tiedemann Advisors, LLC vs HB Wealth $31B · $30B
- HB Wealth vs Waverly Advisors, LLC $30B · $30B
- HB Wealth vs Silvercrest Asset Management Group LLC $30B · $28B
- HB Wealth vs Osaic Advisory Services, LLC $30B · $15B
Where these numbers come from
Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.
Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Goldman Sachs Wealth Services, L.P. ↗, HB Wealth ↗. How to check a financial advisor →