Group 1 - Goldman Sachs and T. Rowe Price plan to offer new alternative investments for retirement accounts by the end of the year [1][3] - The initiative follows an executive order by President Trump that expands access to alternative investments in 401(k) accounts, potentially impacting $9 trillion in assets [2] - Goldman Sachs will acquire a stake of up to $1 billion in T. Rowe Price, which manages $1.6 trillion, with around $1 trillion related to retirement [3] Group 2 - New products will include funds with targeted retirement dates, featuring a mix of alternative assets and public investments, with a decreasing proportion of alternatives as retirement approaches [4] - Wealthy clients will have access to exclusive alternative portfolios that combine private credit and equity, with plans to broaden distribution [5] - Analysts highlight risks such as liquidity and pricing transparency, but new structures may offer improved liquidity and daily pricing [6] Group 3 - Long-term projections suggest that alternative investments in retirement accounts could reach 10% to 20% of total allocations [7] - Initial discussions for the partnership began a year ago, focusing on market convergence and the growth of private assets [8]