A new joint venture announced Wednesday by financial technology firm CAIS and precious metals trading platform Gold Bullion International will give advisors the opportunity to add physical precious metals to their clients’ investment portfolios.
Advisors will be able to buy, sell and store precious metals–including gold bullion–via New York-based CAIS’ expanded alternative investment platform. Gold Bullion International, also based in New York, is a leading institutional precious metals trading platform.
Rafay Farooqui, president and co-founder of CAIS said the joint venture with GBI offers advisors a reliable way to buy and store precious metals.
“Our clients globally have expressed a growing need for exposure to real assets given their long-term value and portfolio diversification benefits,” Farooqui said in a statement. “Accessing gold bullion has been difficult for the wealth management community, which is often limited to exchange traded funds, gold mining stocks or paying high premiums to acquire gold coins. CAIS can now meet this challenge with a cost effective, reliable and transparent solution.”
Under the terms of the agreement, CAIS has integrated the GBI precious metals offering and execution system into the CAIS alternative investment platform. CAIS clients will get seamless access to precious metals through one operating environment and continued use of the current CAIS features.
“RIAs, private banks and other wealth management firms are adopting CAIS, and we are pleased to be their sole precious metals partner,” said Savneet Singh, CEO of Gold Bullion International, in a statement. “This joint venture empowers CAIS clients with the same access to precious metals previously only available to the largest institutional asset managers.”
Read more about CAIS at AdvisorOne.com