Goldman Sachs Private Wealth Management

Last week, we hosted our EMEA Alternative Investments Conference in London, bringing together over 300 clients and friends of the firm from 34 countries around the world. We discussed the latest trends across alternative asset classes, including private equity, private credit, secondaries, infrastructure, and growth equity. A poll of attendees at the conference showed that investors remain cautious about the macroeconomic environment and are increasingly likely to turn to the private markets for equity and credit to drive returns. Thank you to all who joined us.

Evaluating sports team ownership? Today’s evolving global sports landscape generates hundreds of billions of dollars in both direct and sports-adjacent revenues. Our team has pulled together perspectives from our community of owners and investors on trends in consumer behavior, private equity, media rights, and more. Here are four themes driving conversations around sports investing. For more, connect with our team and read our report Getting in the Game: The Future of Sports Investing: http://ms.spr.ly/6046U9nS2

After another strong year for US equities, will the US continue to outperform other markets? Sharmin Mossavar-Rahmani, Chief Investment Officer of Wealth Management and head of the Investment Strategy Group (ISG), shares insights from ISG's 2025 Outlook, and why the team’s long-held investment recommendations — US Preeminence and Staying Invested — remain intact. Listen to the Goldman Sachs Exchanges podcast for more: http://ms.spr.ly/6044UXCM8

We recently hosted thought leaders and clients for our annual Investor Conference in Hong Kong. Panels focused on where to invest, US policy in the post-election transition, the revolution of advanced intelligence, and the future of health, geopolitics and the global order. Matthew Weir, managing director within Wealth Management’s Investment Strategy Group (ISG), discussed ISG’s Outlook 2025: Keep On Truckin’ and what’s top of mind for investors including financial markets around the world and across asset classes, stating that “US equities are up over 180% over the last five years.” Thank you to all who joined us.

Meena Lakdawala-Flynn, global co-head of Private Wealth Management and co-head of One Goldman Sachs, joined CNBC’s “Closing Bell” to discuss her ongoing constructive view on US equities and alternative investments. On the topic of current valuation levels: “If you look at the last ten years, 70% of the return has actually come from earnings and dividends,” said Flynn. “We’ve been in the tenth decile of valuations on the S&P [500] since December of 2016. Since that time, the markets returned 200%.” Watch the full interview: http://ms.spr.ly/6043U3W0P

Our Wealth Management Investment Strategy Group (ISG) outlines their views for 2025 in the newly released Outlook, Keep On Truckin'. Their two primary investment themes of US Preeminence and Staying Invested remain intact. The gap between the US and the rest of the world across key economic and financial market metrics continues to widen further. ISG believes no major country will catch up to the US across most of these metrics for the foreseeable future — if ever. Read the full report to explore why, along with ISG’s economic and financial market views for the year ahead: http://ms.spr.ly/6043UJLpS

Sara Naison-Tarajano, global head of Private Wealth Management Capital Markets and Goldman Sachs Apex, was recently featured in Barron’s to discuss investment trends in stocks in developed markets, private equity, and real estate for the year ahead. Sara shared that the goal for an investor is "to outperform inflation so you can retain your purchasing power and continue to grow your wealth for the next generation." She continued, "Then the equation becomes, what are the best asset classes to outperform inflation? We would say, U.S. equities." Read the full article here: http://ms.spr.ly/6043oh5Dl

Meet Nishi Somaiya, Global head of Private Banking, Lending and Deposits. Nishi shares insights on lending trends and strategies in the current market environment. Swipe to learn more.

Meet Kristin Olson, global head of Alternatives for Wealth at Goldman Sachs. What is causing the rapid growth in alternative capital markets? Swipe to learn more from Kristin.

This week, we hosted over 375 clients and members of our broader network for a series of events surrounding Art Basel in Miami, Florida. Attendees enjoyed a celebration of arts and culture including talks with acclaimed artists and thought leaders, as well as networking opportunities. The events kicked-off with an evening reception co-hosted by David Solomon, chairman and chief executive officer of Goldman Sachs and Robert Barlick, region head of Florida and Latin America Private Wealth Management. Day two continued with a special evening at the Rubell Museum, featuring a fireside chat with artist February James, and sculptor Murjoni Merriweather. Attendees had the opportunity to join intimate gallery tours led by the artists and experienced docents, along with private access to the museum. Thank you to all who joined us!