Goldman Sachs Asset Management Introduces New Custom Model Portfolio Capabilities Combining Public and Private Investments

Custom public-private model portfolios will be available to Registered Investment Advisors in partnership with GeoWealth and iCapital

(New York, NY, May 6, 2025) – Goldman Sachs Asset Management (GSAM) today announced they are now offering total portfolios of public and private investments in a single account for Registered Investment Advisors (RIAs), in partnership with GeoWealth and iCapital. Goldman Sachs Asset Management first announced its broad partnership with GeoWealth in October 2024.

RIAs will be able to allocate to and implement evergreen accredited investor alternatives alongside mutual funds, ETFs, and equity SMAs within their own models or via Goldman Sachs Asset Management-designed custom models on GeoWealth’s platform. This unique capability enables advisors to better serve the needs of their high-net-worth investors by making it easier to incorporate diversified private market exposures at scale.

“Sophisticated RIAs have been seeking to modernize portfolios by incorporating public and private investment strategies. However, managing rebalancing and redemptions at scale has been a challenge.  We are pleased that together with GeoWealth and iCapital, we have solved that problem. Leveraging our multi-asset expertise building public and private portfolios for institutions, we are now offering custom portfolios to our RIA partners. This is an inflection point for advisors as they look to give their clients the investment solutions they need, deliver excellent service and scale their practices,” said Marc Nachmann, Global Head of Asset and Wealth Management for Goldman Sachs.

To manage the evergreen alternatives in a custom model, GeoWealth has developed integrated workflows and a flexible rebalancing approach to facilitate liquidity needs and streamlined access across public and private market portfolios.

“Advisors have long faced hurdles in implementing alternatives in model portfolios. Together with Goldman Sachs Asset Management and iCapital, GeoWealth is changing that narrative by delivering a tangible solution that enables hands-off rebalancing, trading, and liquidity management,” said Colin Falls, Chief Executive Officer of GeoWealth. “The result is a meaningful reduction in operational burden and increased time savings which frees up advisors to focus on financial planning and relationship management,” continued Mr. Falls.

In addition, RIAs will also be seamlessly connected to iCapital's Multi-Investment Workflow capabilities, enabling advisors to enroll in multiple GSAM evergreen funds simultaneously through a single sub-doc management experience.

“We are excited to support GSAM and GeoWealth as they continue to advance the standards for a seamless experience when incorporating public and private model capabilities within a single account at scale” said Lawrence Calcano, Chairman and CEO of iCapital.  “Our Multi-Investment Workflow capabilities enable advisors to invest in multiple GSAM funds simultaneously through a single sub-doc management experience, reducing friction and complexity for end clients,” Mr. Calcano continued.

About Goldman Sachs Asset Management

Goldman Sachs Asset Management is the primary investing area within Goldman Sachs (NYSE: GS), delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives, and multi-asset solutions. Goldman Sachs oversees $3.2 trillion in assets under supervision as of March 31, 2025. Follow us on LinkedIn.

About GeoWealth

GeoWealth is a turnkey asset management platform (TAMP) and financial technology solution built specifically for the needs of modern RIAs. GeoWealth’s user-friendly, cost-efficient, integrated technology enables advisors to access a diversified lineup of model portfolios and fully offload mid-and back-office responsibilities, including performance reporting, billing, portfolio accounting and more. Via its customizable open-architecture platform, GeoWealth enables advisors and firms to grow faster and serve clients more efficiently. Founded in 2010, GeoWealth is headquartered in Chicago, IL. Visit us at geowealth.com and follow us on LinkedIn.

About iCapital

iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets, structured investments (SI), and annuities into the core portfolio strategies for their clients.

At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $880 billion of global volume activity on platform, inclusive of $220 billion in global alternative assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.

iCapital employs more than 1,750 people globally and has 16 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including CNBC World Top Fintech Companies for 2024, and Forbes Fintech 50 for seven consecutive years since 2018.