Goldman's Wealth Management Business Emerges as Durable Growth Engine

NodeGuardian · 2026-02-28T04:15:33+00:00

Goldman Sachs' AWM division is a significant growth driver, focusing on fee-based revenues. In 2025, it achieved $14.89 billion in net revenues and $3.61 trillion in assets, aiming for high returns and steady fee-based growth, outperforming rivals.

NodeGuardian

2026-02-28 04:15:33

Abstract generation in progress

Goldman Sachs’ Asset & Wealth Management (AWM) division is becoming a key growth driver, shifting towards fee-based revenues and lower balance-sheet intensity. In 2025, the AWM division generated $14.89 billion in net revenues, with assets under supervision reaching a record $3.61 trillion. The firm is targeting high-teens returns for AWM and roughly 5% annual growth in long-term fee-based net inflows over the medium term, demonstrating its resilience compared to peers like JPMorgan and Morgan Stanley.

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