Goldman Sachs Custody Solutions and NewEdge Capital Group Announce Strategic Collaboration to Provide Enhanced Services to RIAs

NewEdge Capital Group Adds Goldman Sachs Custody Solutions as a Preferred Custodian

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Goldman Sachs Custody Solutions (“GSCS”), a modern custodial provider for independent advisors, will now serve as a select custodian for NewEdge Wealth and NewEdge Advisors, subdivisions of NewEdge Capital Group. Both well known for delivering differentiated solutions to seasoned advisors, GSCS and NewEdge Capital Group are collaborating to deliver industry-leading service and support to address the evolving needs of sophisticated advisors and the clients they serve. This relationship was solidified when two NewEdge teams, Fortis Wealth Advisors and Lehigh Valley, recently selected GSCS as their primary custodian.

“Goldman Sachs Custody Solutions is thrilled to continue our collaboration with NewEdge Capital Group,” said Jeremy Eisenstein, Managing Director at Goldman Sachs. “Their commitment to providing a high level of service for clients with complex needs aligns with our mission to empower advisors with a digital-forward custodial solution and institutional support. This relationship is a testament to our dedication in elevating the advisor experience.”

The combination of GSCS’s institutional capabilities with NewEdge Capital Group’s infrastructure aims to support next-gen talent and create a unique environment for advisors who are looking to take their services to the next level.

“At NewEdge, we take pride in being an open-architecture firm, prioritizing products and solutions that best serve our advisors and their clients—including custody services,” said Rob Sechan, Co-Managing Partner of NewEdge Capital Group and CEO of NewEdge Wealth. “We are thrilled to welcome GSCS as a new custody partner for both NewEdge Wealth and NewEdge Advisors.”

“NewEdge Capital Group’s long-standing relationship with GSCS has been grounded in a shared vision for excellence in advisory services,” said Alex Goss, Co-Managing Partner of NewEdge Capital Group and CEO of NewEdge Advisors. “This next step will further deepen our ability to offer innovative solutions and unparalleled support to growth-oriented advisors. The integration of GSCS’s elite custodial services with our cutting-edge infrastructure represents a significant advancement for our advisors.”