Goldman Sachs Private Wealth Management

What helps families succeed across generations? Great family legacies are built in the day-to-day through shared culture and values, a common mission or purpose, and a collective vision for the future. Do you have a “business plan” that works for your family’s goals? This 3-step process from the Goldman Sachs Family Office can help families get started by aligning on their values, culture, and goals, so they can create and sustain their intended legacy and maximize their impact. Learn more: http://ms.spr.ly/6044mdBzo

Sara Naison-Tarajano, global head of Private Wealth Management Capital Markets and Goldman Sachs Apex, joined CNBC’s “Closing Bell” with Scott Wapner to discuss the impact of the Fed’s recent rate cut decision on the market, the continued strength of US equities, and the investment themes that are top of mind for clients. On how we are advising clients to take advantage of opportunities in the current market, she shared: “When we think about advising high net worth clients and family offices, the goal is to protect and grow their money to outpace inflation – that’s how you preserve purchasing power. What does that better than anything? US equities. If you go back and you look from 1926 at rolling 20-year periods, US equities have outperformed inflation 100% of time.” Watch a clip from the conversation: http://ms.spr.ly/6044mbWdy

We recently hosted an inspiring group of 100 rising leaders for our annual At the Helm EMEA event. Over the course of three days, attendees enjoyed talks with innovative entrepreneurs, investors, and thought leaders, as well as dinners and networking opportunities. Payam Zamani, founder of One Planet Group, shared perspectives from his journey as an entrepreneur: “Entrepreneurship is about embracing life’s difficult journeys. Don’t get comfortable in good days because they will pass, and don’t get depressed in bad days because they too will pass.” The group also participated in a variety of activities around the city, including a graffiti workshop, the ‘Future of Automobiles’ exhibition at DRIVE Volkswagen, and a fashion showcase with Ottolinger. Thank you to all who joined us!

Kerry Blum, global head of our Equity Structuring Group, recently shared three key considerations for founders who are preparing for liquidity through an IPO: 1. Start the conversation early; 2. Think about messaging; and 3. Know your priorities. "When someone has invested a significant amount of their life in creating a company and establishing a leadership team, we appreciate that there is a lot of emotion tied to that asset… We understand that the decisions they're making are both economically and emotionally important," said Kerry. Read more of Kerry’s insights in Business Insider: http://ms.spr.ly/6049mpVzH

Nicole Pullen Ross, region head of New York Private Wealth Management and head of Sports and Entertainment Solutions, joined Bloomberg’s “Business of Sports” podcast to discuss the increased interest in sports-related investments. On how demand from institutional investors to invest in sports has rapidly evolved, she shared: “Over the past several years, our clients’ interest in getting exposure to the space has increased meaningfully. We’ve heard from many team owners about how excited they are to have additional capital coming into the National Football League. Valuations have increased meaningfully, and the ability to have additional liquidity is something that many team owners have been looking forward to.”   Listen to the full podcast: https://lnkd.in/ebQrVJ8e

The private capital market has experienced an extraordinary boom over the past decade, surging from $4 trillion to $14.5 trillion.* Kristin Olson, global head of Alternative Capital Markets, explains the key drivers behind the tremendous growth in private assets and why general partners are turning to a different type of investor to grow their capital base. Learn more about the state of private markets: http://ms.spr.ly/6049mOwTx *Bain & Company, Global Private Equity Report 2024

Family businesses have many options to expand and grow their operations. 90% are open to private equity investments* and around 60% have pursued mergers and acquisitions to enter new industries and geographies.** What should family businesses look for in new opportunities to scale to ensure they are successful for the long-term? Mark Kaufman, founder and executive chairman of Athletico Physical Therapy, says he wanted a partner with a deep knowledge base and future-oriented outlook when choosing a private equity firm to grow his franchise. "They knew a lot about the industry, knew all the players and their similarities and differences, and asked fair, yet challenging questions about what we wanted to do with the business over time," says Kaufman. Read more insights on building successful family businesses: http://ms.spr.ly/6046mMX8r *PWC, Family Business and Private Equity Study 2023 **McKinsey, The Secrets of Outperforming Family-Owned Businesses 2023

Sara Naison-Tarajano, global head of Private Wealth Management Capital Markets and Goldman Sachs Apex, shared insights on the family office investor landscape with Business Insider, including some of the qualities that make family office investors unique. "Family offices are well-positioned to invest in themes and strategies that might take longer to play out because they can be more patient with capital," Sara shared. Read the full article: http://ms.spr.ly/6045l2A4x

Last week, we convened a vibrant community of 60 clients, Goldman Sachs colleagues, and members of our broader network in Martha’s Vineyard for our annual Views from the Vineyard summer reception. Hosted by John Waldron, Nicole Pullen Ross, and Amal Alibair, this event gathered Black leaders, innovators, and entrepreneurs for a conversation on the power of representation and inclusion. We heard from David J. Grain, founder and CEO of Grain Management, LLC, who shared an anecdote on being a successful leader. He utilizes the concept of R to the 4th Power: “Doing the Right things, for the Right reasons, in the Right way, at the Right time.” Thank you to all who joined us for an engaging and special day!

Matheus Dibo, senior investment strategist, recently shared the Wealth Management Investment Strategy Group’s perspectives on what could lie ahead for markets after recent volatility with CNBC’s “Squawk Box.” On how we are addressing our clients’ questions around whether or not the worst is over, Matheus shared: “Volatility could remain elevated for a while. But when we look at the fundamental underpinnings of the US economy, they remain quite solid in our view.” Watch Matheus’ full interview: http://ms.spr.ly/6043lqdCz