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 vehicle.
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.
“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, in a statement. “Providing independent advisors access to a broad menu of institutional-grade solutions truly differentiates the end client experience.”