Asset & Wealth Management
Assets under supervision reached $4.10 trillion at September 30, 2026, up from $3.45 trillion a year earlier.
The numbers
What it is
Asset management strategies across public and private markets, sold through institutional channels and wealth management for individuals. Revenue is mostly management fees that scale with assets under supervision, with incentive fees on fund performance and smaller investment gains.
Why it matters to the stock. Management fees are the steadiest part of Goldman's revenue and are the reason the firm has been pushing growth in private markets. Net flows and market levels drive the fee line from quarter to quarter.
News
Goldman Sachs to acquire LCN Capital Partners for up to $410 million
Goldman Sachs agreed to acquire LCN Capital Partners, a New York sale-leaseback and triple-net lease investment manager with about $3 billion of assets under supervision at June 30, 2026.
Goldman Sachs to buy ETF provider NEOS Investments for up to $2.25 billion
Goldman Sachs agreed to acquire NEOS Investments, an options-based income ETF provider, for up to $2.25 billion in cash and stock.
Goldman Sachs Asset Management launches two active fixed income UCITS ETFs in Europe
Goldman Sachs Asset Management launched two actively managed fixed income UCITS ETFs on April 24, 2026: the Global Credit Plus Active UCITS ETF and the Global Income Bond Opportunities Active UCITS ETF.
Goldman Sachs Q1 2026 EPS $17.55 on record equities; FICC down to $4.01 billion
Goldman Sachs reported first-quarter 2026 net revenues of $17.23 billion and diluted EPS of $17.55 on April 13, 2026.
Goldman Sachs closes Innovator Capital Management, adding $31 billion of ETFs
Goldman Sachs closed its acquisition of Innovator Capital Management on April 2, 2026.
Goldman Sachs makes $42.5 million minority investment in GeoWealth
Goldman Sachs Asset Management invested $42.5 million in GeoWealth as an extension of the wealth technology company's Series C round, announced March 19, 2026.