GeoWealth Powers Goldman Sachs Asset Management UMA

Goldman Sachs Asset Management has announced an agreement with financial technology firm GeoWealth to offer investment solutions tailored to help Registered Investment Advisors (RIAs) better serve the complex investing needs of high net worth (HNW) investors. RIAs will be able to offer a total portfolio solution personalized at scale for each investor. This innovative solution will be implemented in single accounts using GeoWealth’s unified managed account (UMA) platform.

Goldman Sachs Asset Management will partner with GeoWealth, RIAs and their chief investment officers to build open-architecture custom models that reflect RIA’s views and selections. These models will be designed using SMAs, ETFs, direct indexing, mutual funds, and alternatives and can be personalized by the RIA for each investor’s tax situation, preferences, and objectives.

“Advisors are continually seeking better investment outcomes for their clients. We can help RIAs enhance their portfolio construction and management to provide customized solutions at scale, leveraging our decades of asset allocation experience on behalf of the world’s most significant institutions. GeoWealth’s technology solution will unlock valuable time for RIAs to focus on their existing clients’ planning needs and to attract new clients,” said Padideh Raphael, Global Head of Third Party Wealth at Goldman Sachs Asset Management.

“We are thrilled to work with GeoWealth to offer a total portfolio solution designed to meet the needs of HNW investors and implemented through UMA technology to significantly reduce operational complexity,” Ms. Raphael continued.

“We are committed to helping RIA clients who historically have been unable to offer this level of portfolio customization due to capacity and scale challenges. Custom models that include SMAs, especially direct indexing, are a priority for RIA firms to better serve their clients with more than $1 million to invest, and we look forward to delivering this capability together with GeoWealth,” said Greg Weiss, Head of Wealth Customized Solutions at Goldman Sachs Asset Management.

“We are excited to bring the institutional investment capabilities of Goldman Sachs Asset Management to our client base as we enter our next phase of growth,” said Colin Falls, Chief Executive Officer of GeoWealth. “Our flexible, innovative UMA technology lets advisors create their own models and combine them with multiple managers in a single account. This advanced ‘sleeving’ capability makes capitalizing on the flexibility of UMAs more efficient by streamlining operational complexity and enhancing peace of mind.”

Flagship model portfolios (including mutual funds and ETFs) from Goldman Sachs Asset Management’s Multi Asset Solutions (MAS) team are currently offered on GeoWealth’s platform. Goldman Sachs will work with GeoWealth to further develop custom model portfolios comprising mutual funds, ETFs, alternatives and SMAs, including direct indexing and fixed income.

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