Public Investing

Direct Indexing

Individual objectives require unique portfolios and solutions. Direct indexing may provide value through a personalized approach with the ability to customize portfolios based on needs including tax management, wealth concentration and values alignment.
At a Glance
$170+
BillionAssets Under Supervision
20+
YearTrack Record
41+
ThousandSeparately Managed Accounts

Source: Goldman Sachs Asset Management. All data is as of March 31, 2024 unless otherwise specified. There is no guarantee that these objectives will be met. Goldman Sachs does not provide accounting, tax or legal advice. Please see additional disclosures at the end of this presentation. Vintage composites are grouped by the year the accounts funded because the ability to generate realized capital losses is influenced by market conditions. For example, the 2015 Vintage Composite contains all accounts that incepted in 2015. Past performance does not guarantee future results, which may vary. Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

What Makes Us Different

Performance and Partnership

With a track record spanning more than two decades of consistently enhancing after-tax returns for investors and partnering with their financial advisors to deliver tailored solutions, Goldman Sachs Asset Management is a leader in direct indexing. When investing with us, our clients get a partner who is always looking for ways to help deliver a personalized experience.

Technology and Scale

Research and technology are the foundation of our platform.  Our portfolio management team creates solutions grounded in quantitative research and opportunistic assessment of market opportunity. We continuously enhance our capabilities to design and deliver cutting-edge strategies at the intersection of investing and technology. Because of our technology and scale, we can offer access to a variety of investors. 

Experience and Expertise

With a stable portfolio management team that has navigated across various market environments over the last 20+ years, we are pioneers and veterans in direct indexing. Through ongoing monitoring and year-round tax management, we have created a time-tested and efficient process. With our experience, we can help clients benefit from opportunities through bull and bear markets. 

Direct Indexing: Get More From Your Core
In this article, we'll take a closer look at how investors who use a direct indexing strategy to get equity exposure can also achieve tailored tax management to potentially maximize overall portfolio growth.
direct indexing: get more from your core
Our Leadership Team
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Monali Vora
Head of Wealth Investment Solutions
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Risk considerations and disclosures

Equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Different investment styles (e.g., “growth” and “value”) tend to shift in and out of favor, and, at times, the strategy may underperform other strategies that invest in similar asset classes. The market capitalization of a company may also involve greater risks (e.g. "small" or "mid" cap companies) than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements, in addition to lower liquidity.

Tax Considerations

The strategy may result in adverse tax consequences for the client including, but not limited to, wash sales. For example, data used for portfolio management may be incomplete, will be limited to information regarding the strategy account, and will not include information regarding positions held or transactions executed outside of the strategy account including other accounts managed by Goldman Sachs or its affiliates. As a result, portfolio management decisions may be based on incomplete information. All clients are strongly urged to discuss the tax implications of any transactions, including any potential wash sales, with their independent tax adviser. It is the responsibility of the custodian, administrator or such other third party appointed by the client, to obtain accurate and reliable information concerning the valuation of any securities which are comprised in the portfolio. Additionally, it is the responsibility of the client’s independent tax advisor to identify wash sales in the client’s portfolio.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.

Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.

Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur. 

This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document.

Goldman Sachs does not provide legal, tax or accounting advice, unless explicitly agreed between you and Goldman Sachs (generally through certain services offered only to clients of Private Wealth Management). Any statement contained in this presentation concerning U.S. tax matters is not intended or written to be used and cannot be used for the purpose of avoiding penalties imposed on the relevant taxpayer. Notwithstanding anything in this document to the contrary, and except as required to enable compliance with applicable securities law, you may disclose to any person the US federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs imposing any limitation of any kind. Investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively and investors are strongly urged to consult with their own tax advisor regarding any potential strategy, investment or transaction.

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this material and may be subject to change, they should not be construed as investment advice.

There is no guarantee that objectives will be met.

United States: In the United States, this material is offered by and has been approved by Goldman Sachs Asset Management, L.P. and Goldman Sachs & Co. LLC, which are registered investment advisers with the Securities and Exchange Commission.