# Goldman Sachs Asset Management, L.P.

> Goldman Sachs Asset Management, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 1990, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 107738
- Filed as: GOLDMAN SACHS ASSET MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107738
- AdvisorCensus page: https://advisorcensus.com/firm/goldman-sachs-asset-management-l-p-new-york-ny-107738

## Quick answers

**How is Goldman Sachs Asset Management, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Goldman Sachs Asset Management, L.P. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other.

**Where is Goldman Sachs Asset Management, L.P. located?**
Goldman Sachs Asset Management, L.P.'s principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 13 other offices (Schedule D, Section 1.F).

**Is Goldman Sachs Asset Management, L.P. registered with the SEC or a state?**
Goldman Sachs Asset Management, L.P. is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 107738.

**How much does Goldman Sachs Asset Management, L.P. manage?**
Goldman Sachs Asset Management, L.P. reports $2,648,902,942,827 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (97% discretionary).

**How have Goldman Sachs Asset Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Goldman Sachs Asset Management, L.P.: Regulatory assets under management: $1,310,354,947,238 in the October 2021 data and $2,648,902,942,827 in the October 2026 data, up 102%. Total employees: 1,281 in October 2021 and 2,059 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Goldman Sachs Asset Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (71,675); high net worth individuals (33,593); pooled investment vehicles (other than investment companies and business development companies) (5,840).

**Which custodians does Goldman Sachs Asset Management, L.P. use?**
Goldman Sachs Asset Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC (affiliated with the firm) and The Bank of New York Mellon Corporation as custodians holding 10% or more of its separately managed account assets.

**Does Goldman Sachs Asset Management, L.P. report any disciplinary disclosures?**
Reports 9 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 8 questions about regulatory matters (11.A(2), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.F). 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/107738

**What changed in Goldman Sachs Asset Management, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 907 to 1379. Regulatory assets under management went from $2,064,742,622,313 to $2,648,902,942,827 (+28%). Changed its office addresses in Dallas, TX. Changed its office addresses in Salt Lake City, UT. Changed its office addresses in West Palm Beach, FL.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC (affiliated with the firm)
- The Bank of New York Mellon Corporation

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: $2,648,902,942,827
- Discretionary: $2,569,736,204,811
- Non-discretionary: $79,166,738,016

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 71,675 | $32,192,464,709 |
| High net worth individuals | 33,593 | $334,826,540,950 |
| Banking or thrift institutions | Fewer than 5 | $1,774,859,438 |
| Investment companies | 204 | $777,262,188,416 |
| Business development companies | 11 | $29,068,230,305 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5,840 | $703,555,606,752 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 220 | $268,975,246,987 |
| Charitable organizations | 625 | $24,687,891,293 |
| State or municipal government entities (including government pension plans) | 7 | $4,387,574,409 |
| Other investment advisers | 122 | $7,919,802,076 |
| Insurance companies | 233 | $215,317,231,895 |
| Sovereign wealth funds and foreign official institutions | 7 | $17,939,574,745 |
| Corporations or other businesses not listed above | 3,559 | $182,912,418,668 |
| Other | 5,229 | $48,083,312,184 |

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

### Firm details
- Registered since: 1990 (35 years)
- Employees: 2,059 total, 1,379 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
- Disclosures (Item 11): Reports 9 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.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(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(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?

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/107738

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Alpharetta, GA
- Atlanta, GA
- Boston, MA
- Boulder, CO
- Burlington, VT
- Chicago, IL
- Dallas, TX
- Newport Beach, CA
- Norwalk, CT
- Salt Lake City, UT
- San Francisco, CA
- Seattle, WA
- West Palm Beach, FL

### Websites listed on Form ADV (Item 1.I)
- am.gs.com
- petershillpartners.com
- LinkedIn @goldman-sachs-assetmanagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,310,354,947,238 | 1,281 | August 18, 2021 |
| October 2022 | $1,548,963,564,024 | 1,227 | April 7, 2022 |
| October 2023 | $1,577,579,815,722 | 1,351 | September 29, 2023 |
| October 2024 | $1,661,286,615,154 | 1,305 | August 15, 2024 |
| October 2025 | $2,064,742,622,313 | 1,451 | May 28, 2025 |
| October 2026 | $2,648,902,942,827 | 2,059 | September 25, 2026 |

Regulatory assets under management: $1,310,354,947,238 in the October 2021 data and $2,648,902,942,827 in the October 2026 data, up 102%.
Total employees: 1,281 in October 2021 and 2,059 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 907 to 1379.
- Regulatory assets under management went from $2,064,742,622,313 to $2,648,902,942,827 (+28%).
- Changed its office addresses in Dallas, TX.
- Changed its office addresses in Salt Lake City, UT.
- Changed its office addresses in West Palm Beach, FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Goldman Sachs Asset Management, L.P. (CRD 107738): Form ADV filing data as of October 2026.