Goldman Sachs and T. Rowe Price collaborate for investment solutions

Goldman Sachs (GS) and T. Rowe Price (TROW) announced a strategic collaboration aimed at delivering a range of diversified public and private market solutions designed for the needs of retirement and wealth investors. A central focus is on providing a range of wealth and retirement offerings that incorporate access to private markets for individuals, financial advisors, plan sponsors, and plan participants. Goldman Sachs intends to invest up to $1B in T. Rowe Price common stock with the intention to own up to 3.5%. Goldman Sachs will serve as third-party provider of private market strategies for the target-date series. The firms intend to launch the solutions in mid-2026. The firms will introduce a series of jointly created, co-branded model portfolios incorporating SMAs, direct indexing, ETFs, mutual funds and private market vehicles tailored to the needs of advisors serving mass-affluent and high-net-worth clients. T. Rowe Price and Goldman Sachs will also collaborate on multi-asset offerings. The firms are collaborating to deliver an innovative, scalable advisory platform for advisors and other RIAs to offer managed retirement accounts at scale in-plan and out-of-plan.