Goldman Sachs Strengthens Canadian Presence through IG Partnership

The Goldman Sachs Group, Inc. (GS) has strengthened its presence in Canada's wealth-management market through a strategic partnership with IG Wealth Management.

As part of its broader effort to scale Asset & Wealth Management (AWM) and increase recurring fee-based revenues, Goldman's multi-asset solutions team will manage the portfolios for five IG Strategic Wealth Portfolios, offering Canadian investors diversified exposure to equities, fixed income, and alternatives.

This deal supports Goldman's strategy of adding differentiated investment capabilities that can attract third-party assets and generate management fees.

The partnership underscores Goldman's continued focus on scaling AWM and building a more durable revenue base. The company has also made recent acquisitions, including Innovator Capital Management in April 2026, which added $31 billion in assets under supervision, and NEOS Investments, expected to create a $130-billion global ETF platform.