The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Goldman Sachs
Goldman Sachs Advisor Solutions, has unveiled a new lending feature that enables sophisticated clients of RIAs to obtain more liquidity.

Eligible clients of advisors will now be able to borrow against specific types of alternative investment positions in their portfolio, the US firm said in a statement. 

The launch comes at a time, GSAS said, when RIAs are intending to boost alternative investments allocations by 31.1 per cent in the next two years. 

While custodians traditionally offered lending against publicly marketable securities, GSAS said advisors working with it can now provide their clients with greater flexibility by borrowing against certain alternative investments. the latest development fits with the One GS RIA Strategy, formally announced last September, it said. 

Last September, Goldman Sachs appointed Adam Siegler, head of the third-party wealth business, Americas, within the global banking and markets division, to lead the One Goldman Sachs Registered Investment Advisor strategy. This strategy is the firm’s move to bring its capabilities across divisions to RIAs.

Ategenos Capital
Ategenos Capital, an employee-owned firm, has launched the Ategenos Wealth Platform built to serve RIAs, family offices, and other financial institutions.

The wealth management and technology platform (TAMP) supports advisors around technology, operational and support services, investment solutions, and integrated wealth management solutions.

By using the platform, which adopts an open architecture style, RIAs tap into a custody platform with Fidelity and Schwab as options, and plans are in place to offer FNZ, Ategenos said in a statement earlier this week.

Platform users can get access to unified managed accounts, separately managed accounts, and others.
 
Ategenos was founded in 2022.