Goldman Sachs Asset Management Forges Canadian Partnership with IG Wealth

Goldman Sachs Group Inc. (NYSE:GS) is enlarging its Canadian footprint through a newly announced advisory partnership with IG Wealth Management, revealed on Tuesday.

The Multi-Asset Solutions team at Goldman Sachs Asset Management will assume portfolio management responsibility for five IG Strategic Wealth Portfolios, previously labeled the IG Core Portfolios. The products are aimed at retail investors seeking globally diversified investment strategies in equities, fixed income, and alternatives.

Goldman Sachs Asset Management will bring a holistic management approach to these portfolios, underscoring risk discipline and responsiveness to different market environments. The firm will incorporate complementary flagship Goldman Sachs strategies alongside existing holdings, capitalizing on its open architecture platform and experience running multi-manager strategies.

Florence Narine, Head of Investment Solutions at IG Wealth Management, said the arrangement reinforces the investment foundation of the IG Strategic Wealth Portfolios by integrating the world-class institutional capabilities of Goldman Sachs Asset Management, including adaptive active management, the breadth of its global resources, and a disciplined risk management approach.

Participating in the partnership are five portfolios: IG Strategic Wealth Portfolio – Income Focus, IG Strategic Wealth Portfolio – Income Balanced, IG Strategic Wealth Portfolio – Balanced, IG Strategic Wealth Portfolio – Balanced Growth, and IG Strategic Wealth Portfolio – Growth.

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