# Goldman Sachs Ayco

Goldman Sachs Ayco is a Bank / Wealth / Trust based in Cohoes, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Cohoes, United States
- **Region:** North America
- **Address:** Cohoes, NY, United States
- **Founded:** 1971
- **Assets under management:** Undisclosed
- **Website:** ayco.com
- **LinkedIn:** https://www.linkedin.com/company/goldman-sachs-ayco

## Regulatory record

- **Reports private funds:** No

## About

Goldman Sachs Ayco was founded in 1869. Its strategy is anchored in the Global Banking & Markets and Asset & Wealth Management franchises, which drive growth and value for shareholders and clients. These franchises are positioned to capitalize on opportunities across the firm's global network.

## People

- Larry Restieri — Head of Ayco

## Questions

### Who runs investment decisions at Goldman Sachs Ayco?

Ayco advisors provide personalized financial planning and investment guidance; the underlying investment products and managed account platforms draw from Goldman Sachs Asset Management and external managers. Larry Restieri oversees the Ayco unit as its head, reporting into Goldman's Consumer and Wealth Management division (per Goldman Sachs, 2019).

### Is Goldman Sachs Ayco a registered investment advisor?

Yes, Goldman Sachs Ayco is structured as a registered investment advisor under Goldman Sachs & Co. LLC, which is registered with the SEC. The firm provides fiduciary financial planning and investment advisory services, distinct from brokerage-only relationships.

### What services does Ayco provide beyond investment management?

Ayco's core offering is holistic financial counseling: income tax preparation and planning, estate and trust planning, equity compensation analysis, insurance reviews, and retirement readiness. The model is designed around life events — IPO lockup expirations, deferred compensation elections, and career transitions — where tax consequences are the dominant concern.

### Is Ayco's advice truly objective, given its ownership by Goldman Sachs?

Ayco operates under a fiduciary standard and discloses its affiliation with Goldman Sachs. Advisors can recommend third-party investment products alongside Goldman Sachs funds. The firm's value proposition rests on tax planning and financial education; asset management is one component of a broader counseling engagement, though the Goldman affiliation creates an inherent product shelf dynamic.

## Related profiles

- [Goldman Sachs Asset Management](https://altss.com/profile/goldman-sachs-asset-management)
- [Goldman Sachs Private Wealth Management](https://altss.com/profile/goldman-sachs-private-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

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