GSAS expands its range
of independent advisor services through new liquidity
management tool allowing lending against certain alternative
investments currently available through Goldman Sachs Bank
USA.
NEW
YORK, May 6, 2024 /PRNewswire/ -- Goldman Sachs
Advisor Solutions (GSAS), a custodial provider for independent
advisors, announced a new lending feature designed to help eligible
clients of Registered Investment Advisors (RIAs) access greater
liquidity. Eligible clients of advisors will now be able to borrow
against specific types of alternative investment positions in their
portfolio.
GSAS' new lending feature is designed to meet the
growing needs of sophisticated investors. Over the next two
years, RIAs plan to expand their alternative investments allocation
by 31.1%, reflecting the largest allocation increase to any
investment vehicle1. Working with Goldman Sachs
Bank USA, GSAS has developed a
modern opportunity tailored for advisors in this evolving
investment landscape.
While custodians traditionally offered lending against publicly
marketable securities, advisors working with GSAS can now provide
their clients with greater flexibility by borrowing against certain
alternative investments. GSAS' collaboration with businesses across
the firm demonstrates commitment to the One GS RIA Strategy,
formally announced last September, led by Adam Siegler.
"Complex financial situations require solutions which empower
RIAs with choice and greater flexibility in managing the assets and
debits in their clients' portfolios. Our ability to offer
this alternatives-based lending solution through our custodial
platform dedicated to RIAs is incredibly exciting," said
Jeremy Eisenstein, Managing Director
at GSAS. "Providing independent advisors access to a broad menu of
institutional-grade solutions truly differentiates the end client
experience."
For more information about GSAS' alternatives lending feature,
visit gs.com/altslending.
About Goldman Sachs Advisor Solutions
Goldman Sachs Advisor Solutions (GSAS) offers independent
advisors access to institutional-grade solutions and custody
services. With an intuitive, digital-forward platform that enhances
transparency and gives advisors greater control over their
businesses, GSAS transforms the advisor experience. The modern,
nimble, and ever-evolving open architecture network connects
advisors to best-in-class services and the institutional power of
Goldman Sachs.
Media Contact
Zoey Gottlieb
Prosek Partners
zgottlieb@prosek.com
Disclosures
Securities-based loans may not be appropriate for all parties
(e.g., borrowers, pledgors, and guarantors) and carry a number of
risks, including but not limited to the risk of a market downturn,
tax implications if pledged securities are liquidated, and the
potential increase in interest rates. You should consider these
risks and whether a securities-based loan is appropriate before
proceeding.
Credit qualification and collateral are subject to approval.
Additional terms and conditions apply.
Goldman Sachs does not provide legal, tax or accounting advice.
This content is for marketing purposes only and is not a substitute
for individualized professional advice. Individuals should consult
their own tax advisor for matters specific to their own taxes and
nothing communicated to you herein should be considered tax
advice.
Investment products are: NOT FDIC INSURED • NOT A DEPOSIT OR
OTHER OBLIGATION OF, OR GUARANTEED BY, GOLDMAN SACHS BANK
USA • SUBJECT TO INVESTMENT RISKS,
INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Goldman Sachs Advisor Solutions is a brand of Folio Investments,
Inc., d/b/a Goldman Sachs Custody Solutions ("GSCS") and Goldman
Sachs & Co. LLC ("GS&Co."), which are subsidiaries of The
Goldman Sachs Group, Inc. ("Goldman Sachs").
Custody, clearing and certain brokerage services are offered by
GSCS, an SEC-registered broker-dealer and member FINRA/MSRB/SIPC.
Additional brokerage services offered by GSAS are provided by
GS&Co., which is an SEC-registered broker-dealer and investment
adviser, and member FINRA/MSRB/SIPC. Research GSCS and GS&Co.
at FINRA's BrokerCheck. Neither this website nor any of its
contents shall constitute an offer, solicitation, or advice to buy
or sell securities in any jurisdictions where GSCS or GS&Co.
are not registered.
Loans and deposit products are provided by Goldman Sachs Bank
USA, Salt Lake City branch. Member FDIC.
Margin loans may be provided by GSCS, and other loans may be
offered by other Goldman Sachs entities.
Goldman Sachs is a worldwide, full-service investment banking,
broker-dealer, asset management and financial services
organization, and its subsidiaries and employees are engaged in
businesses and have interests other than the services described
above.
©2024 Goldman Sachs. All Rights Reserved.
1 Source: The Cerulli Report, U.S. RIA Marketplace
2023
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SOURCE Goldman Sachs