Goldman Sachs Advisor Solutions (GSAS) has recently unveiled a new lending feature aimed at aiding eligible clients of Registered Investment Advisors (RIAs) in accessing greater liquidity. The innovative tool allows clients to borrow against specific types of alternative investment positions in their portfolios.
In a statement, Jeremy Eisenstein, Managing Director at GSAS, highlighted the importance of providing solutions that empower RIAs with flexibility in managing their clients' assets, stating, "Complex financial situations require solutions which empower RIAs with choice and greater flexibility in managing the assets and debits in their clients' portfolios."
The move comes as RIAs are increasingly looking to expand their alternative investments allocation, with a projected 31.1% increase over the next two years, marking a significant shift in investment strategies.
GSAS' collaboration with Goldman Sachs Bank USA has resulted in a modern lending opportunity tailored for advisors navigating the evolving investment landscape. This initiative aligns with the One GS RIA Strategy, spearheaded by Adam Siegler, which aims to enhance the overall client experience through innovative solutions.
Eisenstein further emphasized the significance of the new lending feature, stating, "Our ability to offer this alternatives-based lending solution through our custodial platform dedicated to RIAs is incredibly exciting."
The introduction of this liquidity management tool demonstrates GSAS' commitment to providing independent advisors with a wide array of institutional-grade solutions, enhancing transparency, and control over their businesses.
For more information about GSAS' alternatives lending feature, interested parties can visit gs.com/altslending.
Goldman Sachs Advisor Solutions (GSAS) offers independent advisors access to institutional-grade solutions and custody services, with a focus on transforming the advisor experience through a digital-forward platform.
The new lending feature is set to provide RIAs and their clients with increased flexibility and strategic options in managing their portfolios, reflecting GSAS' dedication to meeting the evolving needs of sophisticated investors.
Goldman Sachs Advisor Solutions' expansion into alternative lending signifies a significant development in the realm of independent advisor services, offering a tailored solution to navigate complex financial landscapes.
---
The article is based on a press release from Goldman Sachs Advisor Solutions regarding the introduction of a new alternative lending feature for independent advisors. The information and quotes provided are verbatim from the original text.