December 7, 2021 | By RIA Biz
Goldman Sachs Advisor Solutions (GSAS) last month announced a deal very similar to Envestnet’s. It not only increased its stake in InspereX but became a major client. GSAS is the Wall Street firm’s nascent RIA custody arm.
“[It will] provide one of the best fixed income experiences available to RIAs at a custodian,” says GSAS co-head Adam Siegler, in a release.
GSAS previously backed the InspereX’s predecessor, Incapital in 2012. Incapital recently merged with 280 CapMarkets, taking the name Insperex.