{"id":994,"date":"2026-07-09T15:42:58","date_gmt":"2026-07-09T15:42:58","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=994"},"modified":"2026-07-09T15:42:58","modified_gmt":"2026-07-09T15:42:58","slug":"goldman-sachs-wins-70-billion-in-asset-management-deals-with-verizon-lockheed-martin","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=994","title":{"rendered":"Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<p>In this article<\/p>\n<\/div>\n<ul>\n<li><span>GS<\/span><span><button><\/button><\/span><\/li>\n<\/ul>\n<\/div>\n<div><button><span><span>Follow your favorite stocks<\/span><span>CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div>\n<\/div>\n<div>\n<p><span>Goldman Sachs<span><span><button><\/button><\/span><\/span><\/span> said Thursday it won deals to manage a combined $70 billion in retirement assets for <span>Verizon Communications<span><span><button><\/button><\/span><\/span><\/span> and <span>Lockheed Martin,<span><span><button><\/button><\/span><\/span><\/span> one of the larger recent announcements in the fast-growing market for outsourced corporate investing.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=992\">Trump can halt trade with Spain using law behind scrapped tariffs: Greer<\/a><\/p>\n<p>The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman.<\/p>\n<p>The moves underscore how some of America&#8217;s largest employers are increasingly handing responsibility for managing retirement assets to outside firms such as Goldman as portfolios become more complex and require expertise across public and private markets.<\/p>\n<p>Competition in the multitrillion-dollar market for retirement assets is fierce among managers including Goldman, <span>BlackRock<span><span><button><\/button><\/span><\/span><\/span>, Russell Investments and <span>Mercer<span><span><button><\/button><\/span><\/span><\/span>, because the long-term institutional mandates generate steady fee revenue.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=990\">What AI companies want for the millions they\u2019re spending on elections<\/a><\/p>\n<p>By growing that business, Goldman hopes to increase its share of revenues that are seen as stable and recurring, unlike the more volatile trading and investment banking operations.  <\/p>\n<p>&#8220;Large plan sponsors are consolidating responsibilities with one partner with the investment expertise and depth of platform to manage their bespoke needs,&#8221; Marc Nachmann, Goldman&#8217;s global head of asset and wealth management, said in a statement.<\/p>\n<p>Goldman&#8217;s outsourced chief investment officer business had about $480 billion in assets as of March 31, while the firm&#8217;s broader asset and wealth management division oversees roughly $3.7 trillion worth of investments.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=987\">Trump says Iran called to make a deal after U.S. strikes; adds it\u2019s unclear if war is back on<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Competition in the multitrillion-dollar market for retirement assets is fierce among managers such as Goldman Sachs, BlackRock, Russell Investments and Mercer.<\/p>\n","protected":false},"author":1,"featured_media":993,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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