#USA #Goldman Sachs #Minneapolis #Elevation Point #Independent Advisors

Elevation Point and Goldman Sachs Join Forces

In a transformative move for the wealth management industry, Elevation Point, a growth accelerator tailored for independent advisors, has announced a strategic collaboration with Goldman Sachs. This partnership aims to provide elite partner firms with enhanced access to comprehensive banking, asset management, and capital market services, thereby enabling them to meet the diverse needs of their sophisticated clients.

Collaboration Highlights

This newly forged collaboration builds upon an existing agreement with Goldman Sachs Custody Solutions (GSCS), which is expected to play a pivotal role in this venture. As a primary custodian for Elevation Point, GSCS enhances the services available to independent advisors who seek to retain their autonomy while gaining essential resources to facilitate growth.

Goldman Sachs will offer a suite of services including lending, trading, direct indexing, and developing open-architecture custom models. This integration allows Elevation Point to tailor its service offerings to the unique requirements of elite partner teams and their high-net-worth clients.

Elevating Advisor Independence

Jim Dickson, the Founder and CEO of Elevation Point, expressed enthusiasm about this partnership, stating, "From day one, our mission has been to support top independent advisors and build a strategic ecosystem that empowers them to serve clients with freedom, flexibility, and scale." By combining Goldman Sachs' expertise and resources with Elevation Point's innovative approach, the collaboration not only strengthens support mechanisms but also enhances the competitive edge of independent advisors.

The focus remains on delivering sophisticated solutions designed to address evolving market challenges. According to Mark Penske, Founding Partner and Chairman of the Board at Elevation Point, this partnership allows their affiliated firms to leverage elite institutional resources from Goldman Sachs, promoting sustained growth and excellence in advisory services.

A Game-Changer in Wealth Management

The strategic tie-up promises to provide an extensive suite of open-architecture investment solutions focused on aligning with the investment perspectives and requirements of registered investment advisory (RIA) teams. This expansion strengthens Elevation Point's offerings and facilitates a more efficient onboarding process for high-performing advisory teams. The outcome is positioning Elevation Point for accelerated growth and enduring success.

Additional insight from Goldman's team highlights their commitment to support independent fiduciary-led advisors who aim to generate superior investment outcomes for their clients. According to Greg Wilson, Co-Head of US Third Party Wealth at Goldman Sachs Asset Management, their partnership is set to introduce unique solutions to an increasingly sophisticated segment of the wealth management market.

Conclusion

With a landscape evolving rapidly, Elevation Point stands out as a trailblazer by offering minority stake partnerships that empower independent advisors to preserve their autonomy. Their partnership with Goldman Sachs is a significant leap toward enhancing the capability of advisors to cater effectively to their clients' complex financial needs. As the wealth management industry continues to transform, this collaboration sets a new benchmark for what independent advisory services can achieve through targeted partnerships and innovative strategies.

For more information about Elevation Point and its offerings, please visit their official website or follow them on LinkedIn for real-time updates.