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Home/Bank Intelligence/United States/Goldman Sachs Private Wealth Management (bank)
Goldman Sachs Private Wealth Management (bank)GS
Goldman Sachs US review

Goldman Sachs Bank USA

Our review of Goldman Sachs US for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreUnited States
RegulatorFederal Reserve (state member bank) and New York DFS
Legal formLocally incorporated subsidiary
GroupThe Goldman Sachs Group, Inc.
Founded1990
Websitegoldmansachs.com
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PPLI.com
Private Bank Rating
Under review

A significant matter has been reported and we are checking it with the original source. The rating will follow once it is confirmed.

About the rating
The group

Goldman Sachs in 3 booking centres

The headline rating of Goldman Sachs is the rating of its parent licence holder shown above. Each booking centre is rated separately: the licence holder's record is shared by its branches, while protection, services and costs depend on where the account is booked.

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The rating

What the PPLI.com rating of Goldman Sachs Private Wealth Management (bank) considers

This is our editorial assessment of Goldman Sachs Private Wealth Management (bank). We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Goldman Sachs Private Wealth Management (bank) and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingUnder review

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
Matters concerning other entities in the group (2)
202022 October 2020

Fed penalty: supervisory and risk control lapses connected with 1MDB

The Fed fined The Goldman Sachs Group, Inc. USD 154 million for supervisory and risk control lapses connected with 1MDB. The release does not name Goldman Sachs Bank USA.

Shown for context only: it concerns the parent company.

The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million
Federal Reserve Board · Settlement without admission · Penalty USD 154 million · Primary source
202022 October 2020

FCPA resolution: 1MDB bribery scheme

The Goldman Sachs Group Inc. entered a DPA on a charge of conspiracy to violate the FCPA anti-bribery provisions and Goldman Sachs (Malaysia) Sdn. Bhd. pleaded guilty in EDNY; Goldman agreed to pay over USD 2.9 billion in criminal penalty and disgorgement globally. Goldman Sachs Bank USA is not named. The Fed USD 154m penalty and foreign authorities' amounts overlap with the global figure and are not added to it.

Shown for context only: the parent's deferred prosecution agreement and the Malaysian subsidiary's guilty plea.

The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York,
US Department of Justice · Resolution with admission · Total payment global USD 2,900 million · Admission of the facts · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameGoldman Sachs Bank USA
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LicenceNew York state-chartered bank, Fed member, FDIC cert 33124  Source
RegulatorFederal Reserve (state member bank) and New York DFS
Legal formLocally incorporated subsidiary
OwnerThe Goldman Sachs Group, Inc.

Ownership

Group parentThe Goldman Sachs Group, Inc. (listed, NYSE)  Source
ControlWidely held; no shareholder with 10% or more  Source (31 March 2026)
Disclosed holdings of 3% or moreVanguard Capital Management 7.19%  Source (31 March 2026)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
CET1 ratioNot published
total assetsUSD 758,788 m (2026-06-30)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipUSD 10 million  Source
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionNational banks are FDIC insured: USD 250,000 per depositor, per bank, for each ownership category. Securities are not deposits.
Custody law12 CFR 9.13(b) requires a national bank to keep fiduciary account assets separate from the bank's own assets; securities at a broker-dealer are customer property under SIPA with SIPC protection. Re-use and lending are governed by account agreements and regulator rules rather than a single statute.
Custody termsNot published
Your experience

Rate Goldman Sachs Private Wealth Management (bank)

If you bank with Goldman Sachs Private Wealth Management (bank) or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Goldman Sachs Private Wealth Management (bank) or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Federal Reserve Board: federalreserve.gov/newsevents/pressreleases/enforcement20201022a.htm
  2. US Department of Justice: justice.gov/opa/pr/goldman-sachs-charged-foreign-bribery-case-and-agrees-pay-over-29-billi

For Goldman Sachs Private Wealth Management (bank)

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-US-GOLDMAN-BANK-254C07.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-US-GOLDMAN-BANK-254C07
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