高盛中国

Goldman Sachs
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	0 for savings account
Fees	Advisory fees, expense ratios, sales charges, trading fees, and transfer fees
Account Fees	No fees for savings account
Interests on Uninvested Cash	4.40% annual percentage yield
Margin Interest Rates	Between 20.24% and 29.99%
App/Platform	Marquee, GS now

What is Goldman Sachs？

　　Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals.

　　Goldman Sachs has been operating in China since 1994 and has established itself as a leading player in the country's financial sector. They have offices in Beijing, Shanghai, and Shenzhen, and they are regulated by the China Securities Regulatory Commission.

Pros & Cons of Goldman Sachs

　　Formal regulation: Goldman Sachs is regulated by the China Securities Regulatory Commission.

　　Broad product range: Goldman Sachs provides access to a diverse range of investment products and services, including equity, fixed income, alternatives, and multi-assets.

　　Security measures: Their website utilizes a secure infrastructure with multiple layers of defense, including intrusion detection and encryption.

　　Research and analysis: They provide valuable research and analysis through their platforms like Marquee, empowering clients with informed decision-making based on expert perspectives

　　High fees: Depending on the product or service, Goldman Sachs may have higher fees compared to some competitors.This can be a significant consideration for investors with smaller portfolios.

Is Goldman Sachs Safe？

　　Regulations

　　Goldman Sachs operates under the regulatory oversight of the China Securities Regulatory Commission (CSRC). This ensures that their activities in China comply with local financial regulations and adhere to ethical and transparent practices. Adherence to the CSRC's guidelines helps maintain stability and investor protection within the Chinese financial markets.

　　Fund Safety

　　Goldman Sachs is not a bank and therefore does not offer deposit insurance. However, depending on the type of account customers have with them, customers' funds are protected by other insurance schemes.

• 　　FDIC Insurance: If customers hold a Marcus by Goldman Sachs savings account or certificate of deposit (CD), funds are insured by the Federal Deposit Insurance Corporation (FDIC) up to the standard limits. This currently means up to $250,000 per depositor, per insured bank, per ownership category.

• 　　SIPC Protection: If customers hold a brokerage account with Goldman Sachs, securities and cash are protected by the Securities Investor Protection Corporation (SIPC) up to certain limits. The current maximum coverage is $500,000, including up to $250,000 for cash claims.

　　Safety Measures

　　Goldman Sachs prioritizes client safety and implements robust cybersecurity measures to protect accounts and information. Their website utilizes a secure infrastructure with multiple layers of defense, including intrusion detection and encryption. Furthermore, they adhere to the NIST Cybersecurity Framework, outlining a comprehensive approach to information security, which encompasses identification, protection, detection, response, and recovery of potential threats.

What are Securities to Trade with Goldman Sachs？

　　Goldman Sachs offers a diverse range of financial products and services, including equity, fixed income, liquidity, alternatives, and multi-assets.

　　Equity: Goldman Sachs offers a wide range of equity products, including individual stocks, ETFs, and various investment strategies across different styles, regions, and market capitalizations.

　　Fixed Income: Goldman Sachs provides comprehensive fixed-income solutions across the entire global bond spectrum, including bonds, CDs, and other debt instruments.

　　Liquidity: They offer tailored money market and short-duration solutions to help clients preserve capital, maintain liquidity, and seek competitive yields while managing risk.

　　Alternatives: Goldman Sachs provides access to alternative investments like private equity and real estate.

　　Multi-Assets: They partner with leading investors to help them achieve their unique needs through Outsourced Chief Investment Officer (OCIO) services, partnership portfolios, and fund solutions.

Goldman Sachs Accounts

　　Goldman Sachs offers various account types through its different platforms. The opening requirement of these accounts is US residency. Here are some key options of Marcus by Goldman Sachs

• 　　Savings Account:

• 　　Minimum Deposit: $0

• 　　Account Maintenance Fee: None

• 　　Annual Fee: None

• 　　Benefits: Competitive interest rate, FDIC insurance up to $250,000

• 　　Certificates of Deposit (CDs):

• 　　Minimum Deposit: Varies depending on the term length

• 　　Account Maintenance Fee: None

• 　　Annual Fee: None

• 　　Benefits: Guaranteed interest rate for a fixed term, FDIC insurance up to $250,000

• 　　Individual Investment Accounts:

• 　　Minimum Deposit: $1,000

• 　　Account Maintenance Fee: None

• 　　Annual Fee: None

• 　　Benefits: Invest in stocks, ETFs, and fractional shares with no trading commissions

• 　　Joint Investment Accounts:

• 　　Minimum Deposit: $1,000

• 　　Account Maintenance Fee: None

• 　　Annual Fee: None

• 　　Benefits: Invest in stocks, ETFs, and fractional shares with no trading commissions

• 　　Individual Retirement Accounts (IRAs):

• 　　Minimum Deposit: $1,000

• 　　Account Maintenance Fee: None

• 　　Annual Fee: None

• 　　Benefits: Tax-advantaged investing for retirement, various IRA types available (Traditional, Roth)

Goldman Sachs Fees Review

　　Fees:

　　Goldman Sachs offers various investment products and services, each with its own fee structure.

• 　　Advisory Fees: Clients may be charged an annual flat fee or a percentage of their portfolio size for services like Registered Investment Advisor (RIA) accounts. Broker-dealer accounts may have commission-based advisory fees.

• 　　Expense Ratios: When investing in funds like mutual funds or ETFs, the prospectus will outline the expense ratio, a percentage of the fund's assets used to cover operational costs.

• 　　Sales Charges: Some mutual funds may have a sales charge or “load” when buying or selling shares. However, “no-load” options are also available.

• 　　Trading Fees: Depending on the platform or service used, trading fees may be applied for buying or selling various securities like stocks, options, or ETFs.

• 　　Transfer Fees: Some platforms charge fees for transferring accounts or initiating wire transfers.

　　Interest rate:

　　For Marcus by Goldman Sachs credit cardholders, the variable APR is tied to the Prime Rate and will not exceed 29.99%. As of January 31, 2024, with a Prime Rate of 8.50%, the annual percentage rate for purchases falls between 20.24% and 29.99%, depending on individual creditworthiness.

Goldman Sachs App Review

　　Marquee is Goldman Sachs' digital platform designed to empower institutional and corporate clients in navigating global markets. It provides technological tools, including market-leading pricing data, risk analytics, market insights, and trading solutions. Accessiblevia web, desktop, mobile, and API, Marquee offers a comprehensive platform for clients to make informed investment decisions and execute trades efficiently.

　　Available on both iOS and Android, GS Now provides access to the firm's thought leadership, live market commentary, and insightful data and analytics. Stay informed on the go with curated multimedia content, allowing customers to make informed decisions and stay ahead of the curve in the financial landscape.

Research & Education

　　Goldman Sachs is a leader in financial research, providing clients with valuable insights and analysis to inform their investment decisions. Their research team delivers original perspectives on the economy, markets, and various industries. This research is accessible through their platforms like Marquee, offering a comprehensive library of reports, publications, and commentary on various asset classes, regions, and market trends.

Customer Service

　　Goldman Sachs offers comprehensive customer service to its clients in China through physical offices and various communication channels. Clients can reach Goldman Sachs representatives in person at their offices in Beijing, Shanghai,and Shenzhen. Additionally, Goldman Sachs provides phone support for each of these locations. For more immediate assistance, clients can utilize the firm's website or contact them via email.

　　Beijing

• 　　Address: Winland International Center, 17th Floor, 7 Finance Street, Xicheng District, Beijing 100033, People's Republic of China

• 　　Phone: +86 (10) 6627-3333

• 　　Fax: +86 (10) 6627-3300

　　Shanghai

• 　　Address: 47th Floor, 2nd Phase, Guojin Center, No. 8 Century Avenue, Shanghai Free Trade Zone, Shanghai 200120, People's Republic of China

• 　　Phone: +86 (21) 2401-8868

　　Shenzhen

• 　　Address: T3 Tower 33rd Floor, Kerry Plaza, No. 1 Zhongxinsi Road, Futian District, Shenzhen 518048, People's Republic of China

• 　　Phone: +86 (0755) 2222 1000

　　Goldman Sachs is committed to providing high-quality customer service to its clients in China and offers multiple channels for clients to reach them.

Conclusion

　　Goldman Sachs stands as a prominent player in the global financial landscape. They offer a diverse range of products and services. Their global reach, experienced teams, and commitment to research empower clients with valuable insights and investment opportunities. However, drawbacks like high fees require careful consideration. Ultimately, Goldman Sachs' reputation and influence in the financial world are undeniable, but it's crucial to weigh both the advantages and disadvantages before engaging with their services.

FAQs

　　Is Goldman Sachs safe to trade？

　　Goldman Sachs is considered a safe platform for trading. It is regulated by top-tier financial authorities and they implement robust cybersecurity measures to protect client accounts and information, including encryption, intrusion detection.

　　Is Goldman Sachs a good platform for beginners？

　　Goldman Sachs Wealth Management is generally not suitable for beginners or those with smaller portfolios.

　　Is Goldman Sachs legit？

　　Yes. Goldman Sachs is regulated by China Securities Regulatory Commission (CSRC).

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.