# Ayco Personal Financial Management

Ayco Personal Financial Management is a Multi Family Office based in Cohoes, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Cohoes, United States
- **Region:** North America
- **Address:** Cohoes, NY, United States
- **Founded:** 1971
- **Assets under management:** 25.958B (Altss estimate)
- **Website:** goldmansachs.com
- **LinkedIn:** https://www.linkedin.com/company/goldman-sachs-ayco

## Regulatory record

- **Reports private funds:** No

## About

Ayco Personal Financial Management operates a multi-family office in Cohoes. It originated in 1971 from an executive financial counseling practice founded by Bill Aydelotte and Jim Conway. The firm serves as a Goldman Sachs subsidiary and supplies wealth management, tax, estate and financial education services to corporate executives, high-net-worth families and institutional clients across the United States.

## Sectors

- Wealth Management

## People

- Bill Aydelotte — Founder
- Jim Conway — Founder
- David Fox — Head

## Questions

### Who runs investment decisions at Ayco Personal Financial Management?

David Fox serves as head of the firm. Investment decisions flow through the Goldman Sachs wealth platform with input from Ayco counselors on client mandates.

### How does Ayco source proprietary deal flow?

Ayco sources through corporate partner relationships and the Goldman Sachs network. It participates in co-investments alongside KKR and other GPs.

### Is Ayco structured as a single family office or does it operate more like a venture firm?

Ayco operates as a multi-family office subsidiary of Goldman Sachs. It serves multiple corporate executive clients and families rather than a single lineage.

### Does Ayco participate in fund commitments or only direct deals?

Ayco participates in both fund commitments and direct co-investments. Positions include holdings through KKR Americas XII and Ownership Works.

### What investment stages does Ayco typically target?

Ayco targets mature operating businesses and alternative strategies across private equity, real estate and hedge funds. It does not focus on early-stage venture.

### Does Ayco maintain philanthropic structures, and how are they separated?

Ayco maintains the Ayco Charitable Foundation, a public charity and donor-advised fund sponsor established in 1995. The foundation operates separately from investment activities.

## Related profiles

- [First National Bank](https://altss.com/profile/first-national-bank)
- [Ruffer Investment Company](https://altss.com/profile/ruffer-investment-company)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/ayco-personal-financial-management

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