# Goldman Sachs & Co. LLC

> Goldman Sachs & Co. LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1981, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 27, 2026.

- CRD: 361
- Filed as: GOLDMAN SACHS & CO. LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/361
- AdvisorCensus page: https://advisorcensus.com/firm/goldman-sachs-and-co-llc-new-york-ny-361

## Quick answers

**How is Goldman Sachs & Co. LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Goldman Sachs & Co. LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Goldman Sachs & Co. LLC located?**
Goldman Sachs & Co. LLC's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 18 other offices (Schedule D, Section 1.F).

**Is Goldman Sachs & Co. LLC registered with the SEC or a state?**
Goldman Sachs & Co. LLC is an SEC-registered investment advisory firm, registered since 1981. Status as filed: Approved. CRD 361.

**How much does Goldman Sachs & Co. LLC manage?**
Goldman Sachs & Co. LLC reports $133,644,228,926 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (100% discretionary).

**How have Goldman Sachs & Co. LLC's assets and staff changed since 2021?**
In the Form ADV data for Goldman Sachs & Co. LLC: Regulatory assets under management: $233,965,583,799 in the October 2021 data and $133,644,228,926 in the October 2026 data, down 43%. Total employees: 3,267 in October 2021 and 2,268 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Goldman Sachs & Co. LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (29,104); other (15,580); charitable organizations (1,040).

**Which custodians does Goldman Sachs & Co. LLC use?**
Goldman Sachs & Co. LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Goldman Sachs & Co. LLC report any disciplinary disclosures?**
Reports 19 disclosure items on Form ADV Item 11: yes answers to 3 questions about criminal matters, 12 questions about regulatory matters, and 4 questions about civil court matters (11.A(2), 11.B(1), 11.B(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(1), 11.E(2), 11.F, 11.G, 11.H(1)(a), 11.H(1)(b), 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/361

**What changed in Goldman Sachs & Co. LLC's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $133,644,228,926
- Discretionary: $133,354,336,653
- Non-discretionary: $289,892,273

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 29,104 | $50,962,159,253 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $4,729,043 |
| Charitable organizations | 1,040 | $17,527,757,435 |
| State or municipal government entities (including government pension plans) | 1 | $5,787,207 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 28 | $288,850,139 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 506 | $16,937,232,904 |
| Other | 15,580 | $47,917,712,945 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1981 (45 years)
- Employees: 2,268 total, 1,765 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 19 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.B(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a misdemeanor involving investments or an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these?
- 11.B(2): In the past ten years, has the firm or an advisory affiliate been charged with one of the misdemeanors listed in 11.B(1)?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(1): Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.F: Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/361

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Atlanta, GA
- Austin, TX
- Boston, MA
- Brentwood, TN
- Chicago, IL
- Cohoes, NY
- Dallas, TX
- Denver, CO
- Detroit, MI
- Houston, TX
- Los Angeles, CA
- Miami, FL
- Philadelphia, PA
- Salt Lake City, UT
- San Francisco, CA
- Seattle, WA
- Washington, DC
- West Palm Beach, FL

### Websites listed on Form ADV (Item 1.I)
- goldmansachs.com
- gs.com
- privatewealth.goldmansachs.com/us/en/home
- Facebook @GOLDMANSACHS
- Instagram @goldmansachs
- Instagram @goldmansachsprivatewealth
- LinkedIn @GOLDMAN-SACHS
- LinkedIn @goldman-sachs--private-wealth-management
- X @GOLDMANSACHS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $233,965,583,799 | 3,267 | September 22, 2021 |
| October 2022 | $219,725,184,688 | 4,084 | September 6, 2022 |
| October 2023 | $211,418,550,210 | 3,932 | September 27, 2023 |
| October 2024 | $222,744,598,215 | 3,689 | September 30, 2024 |
| October 2025 | $233,155,693,023 | 3,704 | July 1, 2025 |
| October 2026 | $133,644,228,926 | 2,268 | July 27, 2026 |

Regulatory assets under management: $233,965,583,799 in the October 2021 data and $133,644,228,926 in the October 2026 data, down 43%.
Total employees: 3,267 in October 2021 and 2,268 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $114,897,715,726 to $133,644,228,926 (+16%).
- Employees performing advisory functions went from 2318 to 1765.
- Item 11 disclosure answers changed: 19 yes answers, previously 18 (now yes: 11.A(2)).
- Changed its office addresses in Salt Lake City, UT.
- Added an office in Cohoes, NY.
- No longer lists an office in Beijing.
- No longer lists an office in Bengaluru.
- No longer lists an office in Draper, UT.
- No longer lists an office in Frankfurt.
- No longer lists an office in Hong Kong.
- No longer lists an office in Hyderabad.
- No longer lists an office in London.
- No longer lists an office in Madrid.
- No longer lists an office in Melbourne.
- No longer lists an office in Mumbai.
- No longer lists an office in Munich.
- No longer lists an office in Paris.
- No longer lists an office in Richardson, TX.
- No longer lists an office in S?o Paulo.
- No longer lists an office in Seoul.
- No longer lists an office in Shanghai.
- No longer lists an office in Sydney.
- No longer lists an office in Tel Aviv.
- No longer lists an office in The Hague.
- No longer lists an office in Tokyo.

### January 2026
- Regulatory assets under management went from $233,155,693,023 to $114,897,715,726 (-51%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Goldman Sachs & Co. LLC (CRD 361): Form ADV filing data as of October 2026.