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Wednesday, August 05, 2015|
GSAM Puts More Chips On a Key Channel
The Goldman Sachs Asset Management [profile] team is putting more chips on a key channel: 401(k)s and other retirement plans.
R6 shares include no revenue-sharing and are cheaper even than GSAM's I shares, while having no investment minimums. In a 401(k) world increasingly focused on transparency and low costs, R6 shares have become more and more popular.
"It really was driven by client demand," Wilson tells 401kWire. "We're seeing demand from the advisors that we're working with, up and down the spectrum."
GSAM claims more than $1 trillion in assets under supervision, including more than $76 billion in defined contribution assets.
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