Goldman Sachs(US:GS) Prnewswire·2024-07-18 14:30Core Viewpoint - Betterment and Goldman Sachs Asset Management have launched the Goldman Sachs Tax-Smart Bonds portfolio, aimed at providing personalized investment strategies for clients seeking after-tax yield, particularly those in higher tax brackets [1][2]. Group 1: Portfolio Features - The Goldman Sachs Tax-Smart Bonds portfolio combines short-duration US Treasury bonds, high-quality corporate bonds, and municipal bond ETFs, designed to adapt to current market conditions rather than maintaining static allocations [2]. - The portfolio strategy is dynamic, considering market conditions and taxable equivalent yields on a monthly basis, allowing Betterment to adjust allocations based on individual tax situations [2]. Group 2: Company Background - Betterment is the largest independent digital financial advisor, managing over $45 billion for more than 850,000 customers, and focuses on providing automated investment solutions [4]. - Goldman Sachs Asset Management oversees more than $2.9 trillion in assets under supervision, delivering investment and advisory services across various markets [5]. Group 3: Leadership Insights - Sarah Levy, CEO of Betterment, emphasized the collaboration with Goldman Sachs to enhance investment products that support long-term wealth-building for clients [3]. - Padideh Raphael, Global Head of Third Party Wealth at Goldman Sachs Asset Management, highlighted the importance of considering after-tax returns for investors aiming to safeguard long-term wealth [3].