No commissions, no ads, no advice. This Goldman Sachs Private Wealth profile draws only on public records, each linked so you can confirm it yourself.

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1. Check the SEC adviser record. Open the SEC's IAPD record for Goldman Sachs Private Wealth (CRD #361) and confirm its registration.

2. Read the filings. Review the Form ADV / Form CRS and any disclosure section linked from the IAPD page.

3. Confirm the entity. Match CRD #361 / Goldman Sachs so you're reading the right firm.

The short answer: is Goldman Sachs Private Wealth a fiduciary?

Yes. Goldman Sachs Private Wealth is a fiduciary when it acts as your investment adviser, and with $133.6 billion in client assets it is among the larger SEC-registered investment advisers. Publicly, it files with the SEC as Goldman Sachs (CRD #361). As of its latest Form ADV (filed July 27, 2026), the firm reported $133.6 billion in regulatory assets under management (a firm-reported figure). Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management, fixed fees, commissions, performance-based fees, and other. All of it sits on the public record, and confirming it for yourself takes only a few minutes.

Its Form ADV also reports that the firm itself is registered as a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts. The firm must tell you.

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

Goldman Sachs Private Wealth at a glance

✅ Verified from public filings, last checked October 6, 2026. Goldman Sachs Private Wealth (SEC CRD #361) is a fiduciary when acting as your adviser, on a fee-based basis, with $133.6 billion in regulatory assets under management. Every figure below links to its primary source.

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Goldman Sachs Private Wealth fees: what you'll pay

Goldman Sachs Private Wealth is fee-based, and its filing lists five ways it gets paid. According to its Form ADV (Item 5.E), those are a percentage of assets under management, fixed fees, commissions, performance-based fees, and other. So your cost can come from several places at once: advisory fees, commissions, performance-based fees where they apply, and fund expense ratios underneath.

Fee-based means a firm can be paid two ways: client advisory fees, and commissions on products. That differs from a fee-only financial advisor, who takes no commissions.

Our take: before you sign or renew, ask Goldman Sachs Private Wealth for the Part 2A fee schedule that applies to your specific accounts, in writing. With five compensation types on one filing, a single headline percentage probably won't capture everything you pay. Whether that total is fair is a separate question (why "too much" may be the wrong question).

Who owns Goldman Sachs Private Wealth, and what conflicts does it disclose?

Here's who controls Goldman Sachs Private Wealth, drawn straight from its filings. Goldman Sachs Private Wealth is owned by The Goldman Sachs Group, Inc., as listed in Schedule A of its Form ADV. (Form ADV Schedule A)

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

Goldman Sachs Private Wealth SEC record: disclosures

A registered firm's disciplinary history, if any, is recorded in its regulatory filings. Goldman Sachs Private Wealth's Form ADV answers Yes to one or more disciplinary-history questions. A disclosure can be a regulatory, civil or criminal matter involving the firm or a related person. For a firm inside a large financial group, a related person can include affiliates, so check whose matter each item describes. Whatever Goldman Sachs Private Wealth disclosures exist live on the public record. Read them there, in context, rather than secondhand.

On the record, it has been registered with the SEC since May 13, 1981, makes notice filings in 53 jurisdictions, and reports 2,268 employees, 1,765 of them (about 78%) in investment advisory roles. On legitimacy, registration settles the first part: a public CRD and filings anyone can pull. That confirms it's a real, regulated adviser. Whether it's right for you is a separate question, and you can compare its record with other firms in the Truthifi /advisors hub.

Reading Goldman Sachs Private Wealth reviews against the public record

Star ratings and client comments describe what working with a firm felt like. They usually don't show what the firm reports to regulators. For Goldman Sachs Private Wealth, three filing facts belong next to any review. First, its five listed compensation types, including commissions and performance-based fees. Second, its ownership by The Goldman Sachs Group, Inc. and the conflicts it discloses in Part 2A. Third, the Yes answers on its Form ADV disciplinary questions. Read reviews alongside the record, not instead of it.

How to verify Goldman Sachs Private Wealth yourself

Here's how to confirm all of it in three steps:

1. SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/361.

2. Form ADV / CRS: linked from the IAPD page.

3. Confirm the entity: match Goldman Sachs Private Wealth (CRD #361, legal name Goldman Sachs) so you're reading the right firm.

What Goldman Sachs Private Wealth does and who it serves

On its Form ADV, Goldman Sachs Private Wealth reports providing financial planning, portfolio management for individuals and small businesses, portfolio management (pooled vehicles), portfolio management for businesses and institutions, selection of other advisers, newsletters, and educational seminars.

It reports providing financial planning to 1 to 10 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.

Its latest Form ADV (2026), Item 5.D, breaks its clients down by type. The rows add up to 46,268 clients:

About "Other": it's the Form ADV catch-all for clients that don't fit the listed categories, and the summary table doesn't break it down further. At 15,580 clients and $47.92 billion, it's the second-largest group by both count and assets. If you're a client, ask the firm which type it files you under.

By our arithmetic from Item 5.D, high-net-worth individuals are about 63% of clients but hold about 38% of assets, an average near $1.75 million each. Charities are about 2% of clients yet hold about 13% of assets, roughly $16.9 million apiece. The rows together match the $133.6 billion headline figure.

Accounts are counted separately from clients. Item 5.F reports 46,269 client accounts, 46,265 discretionary (the firm can trade without seeking your approval first) and 4 non-discretionary. That's one more than the 46,268 clients in Item 5.D; the two items measure different things, and the gap is consistent with a client holding more than one account. Nearly every account is discretionary, so most trades are the firm's calls, which is why the Part 2A fee and conflict sections carry weight. Its main office is in New York, NY.

It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.

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The hard part isn't checking the firm. It's seeing your whole financial life.

Confirming Goldman Sachs Private Wealth is registered takes a few minutes. Your adviser there sees the accounts held at the firm. An old IRA elsewhere, a spouse's portfolio and fees buried below a standard statement can sit outside that view. This is where Truthifi comes in.

How Truthifi can help

Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. For a Goldman Sachs Private Wealth client, the fee breakdown is the part that maps to this page: with advisory fees, commissions and performance-based fees all listed in Item 5.E, seeing fees by type can help show which ones land on you. You can share the accounts you choose with your advisor at Goldman Sachs Private Wealth.

Prefer your own AI? Paid Truthifi plans let you connect an AI assistant such as Claude that supports MCP sign-in. MCP (Model Context Protocol) is the standard that lets an assistant read data you've connected; see how to ask AI about your real investment accounts. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Fee questions sit on the higher tiers: Monitoring or Monitoring Plus+. The pricing page lists what each plan costs and includes.

Ask AI about your Goldman Sachs Private Wealth accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my Goldman Sachs Private Wealth accounts and everything else, and how is it allocated?"

• "What am I paying in fees, all in, across all of these accounts?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections, per Truthifi platform data. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is Goldman Sachs Private Wealth a fiduciary? Yes, when acting as your adviser. Its Form ADV reports that it is also a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts.

Is Goldman Sachs Private Wealth fee-only? No, it's fee-based. Its Form ADV (Item 5.E) reports commissions among its compensation, alongside advisory fees. The fee schedule and conflicts are in its Form ADV Part 2A.

Who owns Goldman Sachs Private Wealth? Goldman Sachs Private Wealth is owned by The Goldman Sachs Group, Inc., as listed in Schedule A of its Form ADV.

Does Goldman Sachs Private Wealth have complaints or disclosures? Yes. Its Form ADV answers Yes to one or more disciplinary-history questions. Read each item on IAPD, in context. A disclosure is not by itself proof of current wrongdoing.

Is Goldman Sachs Private Wealth legit? Goldman Sachs Private Wealth is registered with the SEC (CRD #361) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• What is a fiduciary?

• Fee-only financial advisor: costs and how to find one

• Are you paying too much? Why that might be the wrong question

• How to ask AI about your real investment accounts

• Robo-advisor vs. human financial advisor: which is better?

• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, Goldman Sachs Private Wealth's SEC and FINRA filings, each linked inline so you can verify it yourself (SEC data current as of October 6, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Goldman Sachs Private Wealth. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.

One check worth repeating: when the firm files its next Form ADV, compare the new Item 5.D table with this one. A shift in the "Other" bucket or the charity share may say more about where the firm is putting its attention than any star rating.