RIA Signs Custody Deal With Goldman Sachs Advisor Solutions

Editorial Staff

25 July 2023

Creative Planning, the RIA, has inked a new multi-billion custody relationship with Goldman Sachs Advisor Solutions, part of Goldman Sachs.

The RIA is ramping up its custody arrangements to manage what it calls a year of “significant growth.” In early June, BerganKDV joined forces with Creative Planning. BerganKDV brought 600 new employees to Creative Planning. In March this year, Creative Planning brought in Telarray Advisors; Telarray has $1 billion in assets under management, and 18 employees.

“By deepening our partnership with Goldman Sachs, our custody relationship allows us to benefit from an expanded set of capabilities and access to their unique products, services, and intellectual capital,” Peter Mallouk, president and CEO of Creative Planning, said.

Creative Planning has more than $210 billion in combined assets under management and advisement as of December 2022.