Is Goldman Sachs a broker-dealer? (2024)

Is Goldman Sachs a broker-dealer?

LLC (“we,” “us,” and “GS&Co.,” and together with its affiliates, “Goldman Sachs”) is registered with the Securities and Exchange Commission (“SEC”) as both a broker-dealer and an investment adviser and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection ...

Is Goldman Sachs a brokerage firm?

GOLDMAN SACHS & CO. LLC - Brokerage/Investment Adviser Firm. The adviser's REGISTRATION status is listed below. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC.

Who is considered a broker-dealer?

A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals.

What type of company is Goldman Sachs?

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.

Is an investment company a broker-dealer?

A broker-dealer is a firm or individual licensed to sell individual securities. Typically, a broker-dealer also files a notice of which securities it will sell. An investment adviser cannot sell securities but acts more like a consultant, giving advice on what securities a person should invest in.

Is Goldman Sachs a clearing broker?

Goldman Sachs has been a market leader in the evolution of OTC Clearing. We participated in the initial launch of interest rate swaps and credit default swaps clearing for clients in December 2009 and will fully support client clearing in these products as the markets continue to evolve and expand.

Is Morgan Stanley a bank or brokerage?

Morgan Stanley is registered as both a broker-dealer and as an investment adviser under federal and state securities laws, and we provide services in both capacities.

Is JP Morgan a broker-dealer?

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA, and SIPC.

Is UBS a broker-dealer?

UBS - Wealth Management US - Advisors & Broker-Dealers. As a firm providing wealth management services to clients in the U.S., we are registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser and a broker-dealer, offering both investment advisory and brokerage services.

Who are the biggest broker-dealers?

The largest brokerage firms by assets under management
PlatformAssets under management, 2022 (trillions)Assets under management, 2023 (trillions)
Charles Schwab$6.60$8.18
J.P. Morgan$2.60$3.20
5 more rows
Jan 23, 2024

Is Goldman Sachs a bank or investment firm?

Goldman Sachs as a. Market-Leading. Investment Bank. In its 2023 annual ranking of financial institutions across sectors and regions, Euromoney recognized Goldman Sachs as a market-leading investment bank in multiple countries – including the United States, the United Kingdom, and Germany.

Who is Goldman Sachs biggest competitor?

Competitor comparison
  • JPMorgan Chase & Co Headquarters. 308,669. $239.4B.
  • Bank of America Corp Headquarters. 213,000. $171.9B.
  • Citigroup Inc Headquarters. 240,000. $156.8B.
  • Wells Fargo & Co Headquarters. 227,363. $115.3B.

What is special about Goldman Sachs?

Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board.

Is a bank a broker-dealer?

Broker-dealers are those that perform both responsibilities, such as traditional Wall Street organizations, as well as large commercial banks among others.

What's the difference between a broker and a dealer?

Brokers and dealers both provide useful financial information about investments to their clients but differ in how they operate. Brokers help clients buy and sell securities while overseeing their brokerage accounts, while dealers are individuals or firms that buy and sell securities for their own accounts.

What is the difference between a broker and a broker-dealer?

Technically, a broker is in the business of buying and selling securities on behalf of its clients, and a dealer buys and sells securities for its own account. A broker-dealer does both. Broker-dealers may appeal to investors who want to be more proactive in managing their own portfolios.

Is Goldman Sachs a prime broker?

Some of the largest prime brokers in the U.S. are investment banks, including Bank of America, J.P. Morgan, Goldman Sachs, and Citigroup. Even so, these services are highly sought after by clients and the best banks only accept the clients that are most likely to be beneficial to them over time.

Is Goldman Sachs a financial advisor?

Additionally, through a Personal Wealth offering, the group serves high net worth clients with assets typically ranging from $5-10 million. Goldman Sachs Ayco's dedicated team of wealth advisors and coaches build and implement financial plans with each client's values, priorities, and beliefs at the center.

Is Morgan Stanley a clearing broker?

provides futures and swaps execution and clearing services to a large and diversified group of clients and customers, including a broad range of institutional clients, hedge funds, asset managers, financial institutions, governmental entities, pension plans, and corporations, as well as individuals, non-profit ...

Is Morgan Stanley a broker-dealer or Ria?

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Is Wells Fargo a bank or brokerage firm?

WellsTrade® brokerage accounts are offered through WFCS. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

Is Wells Fargo a brokerage firm?

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. WellsTrade® brokerage accounts are offered through WFCS.

Is US bank a broker-dealer?

U.S. Bancorp Investments, Inc., member FINRA and SIPC (, is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences.

Is Commonwealth a broker-dealer?

Commonwealth is an "independent" Registered Investment Adviser–broker/dealer, which means our advisors work for themselves out of their own offices and are free to help their clients choose the best investment products—without pressure to sell a particular company's products—to meet their financial goals.

Is Nomura a broker-dealer?

Nomura Holdings, Inc.

It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses. Nomura Securities Co., Ltd.

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