Goldman Sachs plans to say at its investor day Tuesday morning that it sees its asset and wealth management division as its most significant growth opportunity. Its goals for the next three to five years include: High single-digit percentage "organic durable" revenue growth from management fees, as well as from private banking and lending. Mid-20s pretax margin, on a percentage basis. Mid-teens segment return on equity. Some $30 billion of the investments it has made using only its own money within the asset management unit currently sit on Goldman’s balance sheet, and it plans to reduce that figure (currently down from about $64 billion at the end of 2019) to zero during the next three to five years. New investments in assets ranging from real estate to private equity will continue to occur with funds raised from clients and often with Goldman money that will be invested alongside. That’s a departure from a strategy that used to involve Goldman putting only its own funds into private investments.
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
