Wealth manager, bank-affiliated · Cohoes, NY
Goldman Sachs Wealth Services, L.P.
SEC-registered investment adviser · CRD 106693 · SEC 801-48238
At a glance
Goldman Sachs Wealth Services, L.P. is an SEC-registered investment adviser based in Cohoes, New York, with $32B in regulatory assets under management as of its Form ADV filed June 15, 2026. It reports 115,350 individual clients, 38,800 of them high-net-worth, holding an average of about $0.2 million each, and 1,923 employees. That ranks it 33rd among the nation’s 5,657 independent wealth management RIAs and 5th of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Goldman Sachs and Fidelity.
Main office 518-886-4000goldmansachs.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $32B
- Rank among independent wealth managers
- #33 of 5,657
- Rank among all SEC RIAs
- #626 of 17,210
- Rank in New York
- #5 of 408
- Individual clients
- 115,350
- High-net-worth clients
- 38,800
- Accounts
- 36,184
- Discretionary
- 100% of AUM
- Employees
- 1,923
- Advisory staff
- 1,134
- Offices
- 24
Owners and executives on its Form ADV
- Shelley M LuksVice President, Treasurer
- Kyle KinowskiVice President, Assistant Secretary
- Jason P. ShepardVice President, Secretary
- Sarah M. FeithVice President, Chief Compliance Officer
- Sara Naison-TarajanoPresident, Chief Executive Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Goldman Sachs Wealth Services, L.P. is a hybrid RIA: 1,271 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Goldman Sachs & Co. LLC, Goldman Sachs Financial Markets, L.P., J. Aron & Company LLC and Mercer Allied Company, L.P..
- Goldman Sachs & Co. LLC ↗CRD 361
- Goldman Sachs Financial Markets, L.P. ↗CRD 47340
- J. Aron & Company LLC
- Mercer Allied Company, L.P. ↗CRD 37404
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed March 2026) names Goldman Sachs & Co. and Mercer Allied Company as the broker-dealer its advisers are registered with.
Wealth Advisors generally are also broker-dealer registered representatives of Goldman Sachs & Co.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 38,800 | $25B | 78% |
| Other | 2,235 | $5.9B | 18% |
| Charitable organizations | 75 | $902M | 3% |
| Corporations or other businesses | 30 | $107M | <1% |
| Pension and profit sharing plans | 9 | $7M | <1% |
| Individuals | 76,550 | $0M | 0% |
Disciplinary disclosures
Goldman Sachs Wealth Services, L.P. answers yes to 31 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
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
Form ADV and brochures on the SEC’s adviser search ↗goldmansachs.com ↗
AtlasMembers
The full record on Goldman Sachs Wealth Services, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 134 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Rockefeller Capital ManagementNew York | $37B | 5,931 |
| BBR Partners, LLCNew York | $36B | 203 |
| Wealthspire AdvisorsNew York | $34B | 9,736 |
| Tiedemann Advisors, LLCNew York | $31B | 407 |
| Silvercrest Asset Management Group LLCNew York | $28B | 1,081 |
| Arax Advisory PartnersNew York | $27B | 15,155 |
Compare Goldman Sachs Wealth Services, L.P. with
- Goldman Sachs Wealth Services, L.P. vs Clearstead; Clearstead Advisory Solutions $34B · Cleveland, OH
- Goldman Sachs Wealth Services, L.P. vs Sequoia Financial Group, L.L.C. $32B · Akron, OH
- Goldman Sachs Wealth Services, L.P. vs Tiedemann Advisors, LLC $31B · New York, NY
- Goldman Sachs Wealth Services, L.P. vs HB Wealth $30B · Atlanta, GA
Background
Questions
How much does Goldman Sachs Wealth Services, L.P. manage?
Goldman Sachs Wealth Services, L.P. reports $32B in regulatory assets under management across 36,184 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 15, 2026.
How many clients does Goldman Sachs Wealth Services, L.P. have?
It reports 115,350 individual clients: 38,800 high-net-worth individuals and 76,550 other individuals. Individuals account for about 78% of its regulatory assets.
Where is Goldman Sachs Wealth Services, L.P. headquartered?
Its main office is in Cohoes, New York. It reports 24 offices in total and 1,923 employees, 1,134 of whom perform investment advisory functions.
How does Goldman Sachs Wealth Services, L.P. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; subscription fees; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Goldman Sachs Wealth Services, L.P. use?
It reports 2 custodians for its clients’ separately managed accounts: Goldman Sachs and Fidelity. On Schedule D of its Form ADV filed June 15, 2026, it reports these amounts held: Goldman Sachs ($26B); Fidelity ($5.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Goldman Sachs Wealth Services, L.P. a hybrid RIA with a broker-dealer?
Goldman Sachs Wealth Services, L.P. is a hybrid RIA: 1,271 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Goldman Sachs & Co. LLC, Goldman Sachs Financial Markets, L.P., J. Aron & Company LLC and Mercer Allied Company, L.P.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Goldman Sachs Wealth Services, L.P. a fiduciary?
As an SEC-registered investment adviser, Goldman Sachs Wealth Services, L.P. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1,271 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Goldman Sachs Wealth Services, L.P.’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-15), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →