Gsam Stable Value, LLC (Burlington)

Name: Gsam Stable Value, LLC
Address: 100 Bank Street, Burlington, VT, 05401
Telephone: 212-902-1000

Gsam Stable Value, LLC is a large advisory firm based in Burlington. It manages $53.48 billion of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Illinois, New York, and Texas.

Gsam Stable Value provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gsam Stable Value: assets under management

The assets under management (AUM) of Gsam Stable Value, LLC is $53.48 billion. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $20.08 billion in discretionary accounts and $33.4 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $478.17 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.45 billion.

Gsam Stable Value has custody of $53.48 billion in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 90% of the total AUM. The second-largest asset type is government bonds, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gsam Stable Value, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gsam Stable Value serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gsam Stable Value is pension and profit sharing plans with 21 clients and $24.63 billion of assets under management. Among the 8 most similar advisory firms, Gsam Stable Value has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $53.44 billion for 57 clients. None of the firm’s clients are foreign persons or businesses.

Gsam Stable Value also advises several private funds. Namely, six other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Gsam Stable Value, LLC

The company employs 21 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ellen Randy Porges	General counsel, investment management division (chief legal officer)	1 Jun 2004	Other	4881379
James Joseph Burns	General counsel (chief legal officer)	1 Jul 2004	Other	4346954
Daniel Joseph Whitcomb	Chief compliance officer	1 Jul 2010	Other	4353082
Timothy Joseph Oneill	Co-head, investment management division of gsam l.p. (co-chief executive officer)	1 May 2012	Other	1656306
Eric Scott Lane	Co-head, investment management division of gsam l.p. (co-chief executive officer)	1 May 2012	Other	2789031
L.P. Goldman Sachs Asset Management	Sole member of gsam stable value, llc	1 May 2012	75% - 100%	107738
Gavin Gerard O'connor	Chief operating officer	1 Jan 2014	Other	6471222
Bruce Adam Albert	Chief compliance officer	1 Mar 2015	Other	5072589
Brian Wai Woo	Chief compliance officer	1 Apr 2016	Other	2922059
Jacqueline Dupree Arthur	Chief operating officer	1 Jan 2017	Other	5304336
Michael Reed Mclaughlin	Chief compliance officer	1 Nov 2018	Other	5901899

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Goldman Sachs Global Holdings L.L.C.	Limited partner of gsam l.p.	1 Mar 2003	Other	13-3677348
Inc. The Goldman Sachs Group	General partner of gsam l.p.	1 Mar 2003	75% - 100%	13-4019460
Inc. The Goldman Sachs Group	Member	1 May 2012	75% - 100%	13-4019460
Gsam Holdings Llc	General partner	1 Feb 2016	75% - 100%	13-4019460

Based in Burlington

The principal office where Gsam Stable Value, LLC performs its advisory services is located at 100 Bank Street, Burlington, VT 05401, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-902-1000 or by fax 646-769-5786. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at gsam.com.