Some of the world’s wealthiest investors are using exchange-traded funds to access commodities, cryptocurrency and artificial intelligence.
"We tend to find when clients want broad exposure, they want a SMA (separately managed account). For thematic, hedge or risk it tends to be an ETF," said Meena Flynn, co-head of global private wealth management at the firm, during a presentation of a new report dubbed "One Goldman Sachs Family Office Investment Insights, Adapting to the Terrain." Ticker Security Last Change Change % GS THE GOLDMAN SACHS GROUP INC. 804.12 +1.61 +0.20%
The industry benchmark for a single-family office is at least $100 million of investable assets ranging to $10 billion or more. To qualify as a Goldman Sachs Private Wealth Management client, the minimum assets are $1