Dynasty Financial Partners says Goldman Sachs Custody Solutions will become one of the preferred custodians for its independent RIA network, in addition to BNY Pershing, Fidelity and Charles Schwab.
"By integrating Goldman Sachs' custodial services, asset management, lending and capital markets expertise into Dynasty's full suite offering for RIAs, we are significantly enhancing the breadth and quality of services available to our network of Independent Advisors," said Dynasty CEO Shirl Penney in a statement.
The firm notes that Goldman Sachs' asset management solutions strengthen "the services available to our advisors and their clients." Plus, advisors and their clients "highly value Goldman Sachs' brand and its extensive HNW solutions, enhancing the appeal and trust in [the two firms'] combined offerings."
At present, Dynasty has 57 network partner firms with over 500 financial advisors and $105 billion in platform assets.
"Goldman Sachs is thrilled to collaborate with Dynasty Financial Partners," said Adam Siegler, head of OneGS RIA Strategy and Retail Client Segment at Goldman Sachs. "This relationship is a testament to our dedication in elevating the independent advisor experience."
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