DELRAY BEACH, Florida – (COMMERCIAL THREAD) – InspereX today announced that it has licensed its pioneer BondNavÂ® Fixed income market technology at the Goldman Sachs Advisor Solutions platform providing custodial solutions to independent registered investment advisers (RIAs). InspereX grants this exclusive license to Goldman Sachs to be the sole custodian with a white label version of BondNavÂ® providing the front-end user experience for fixed income securities.
âWe are very proud that InspereX and our BondNavÂ® The platform will feed the next generation of RIA clients through Goldman Sachs Advisor Solutions, âsaid John DesPrez, CEO of InspereX. âGoldman’s selection of BondNav and increased investment in InspereX is further proof of how we are transforming the market with powerful cloud-native technology that gives advisors, investors and issuers greater access and better market control. ”
BondNavÂ® InspereX digitizes fixed income capital markets by aggregating retail, mid-market and institutional bond markets, giving advisors a competitive advantage. BondNavÂ® allows RIAs to easily customize their fixed income market experience to align with their workflows.
âWe are excited to be working with InspereX in the RIA custody space to bring a differentiated solution to the market,â said Adam Siegler, Co-Head of Goldman Sachs Advisor Solutions. “By integrating BondNavÂ® With Goldman’s extensive capabilities in fixed income capital markets, we believe our offering will provide one of the best fixed income experiences available to RIAs at a custodian.
BondNavÂ® Efficiently connects clients to platforms providing liquidity, with additional real-time support offered by a team of seasoned fixed income specialists at Goldman Sachs. Through Goldman Sachs Advisor Solutions Powered by BondNavÂ®, Goldman’s RIA clients can trade directly, and they can also take advantage of BondNav’s on-demand features, such as execution in search of price improvement.
âOur powerful technology simplifies market access through personalization,â said David Rudd, President of InspereX. âBy providing advisors with smarter aggregate data and curation, BondNavÂ® helps them make more informed decisions. In this way, RIAs on the Goldman Sachs Advisor Solutions platform can reduce trading and become much more efficient. The time they save using BondNavÂ® can be spent focusing on better outcomes for their clients and growing their own businesses.
Goldman increases stake in InspereX
With BondNav licenseÂ®, Goldman Sachs increased its stake in InspereX. As a shareholder of the predecessor company Incapital since 2012, Goldman had a long and successful history with Incapital before Incapital merged with 280 CapMarkets to form InspereX earlier this year.
Mr. DesPrez added, âWe have a long-standing relationship at many levels, including as distributors of Goldman’s market-related products, certificates of deposit and retail notes. We are delighted to expand this relationship.
InspereX is transforming the way fixed income and market-related products are accessed, valued and traded. Welcoming the pioneer BondNavÂ® platform – one of the first cloud-native bond aggregation platforms – InspereX provides financial advisors, institutional investors, issuers and risk managers with in-depth access to fixed income markets in all asset classes, as well as origination, distribution and market training. -related products. Focused on price transparency, liquidity, price improvement targeting execution, and the informational advantage gained through data aggregation, InspereX inspires greater confidence through the power of technology.
The company is a leading underwriters and distributors of securities to more than 2,000 brokers, institutions, asset managers, RIAs and banks. InspereX represents more than 400 issuers and has subscribed for more than $ 670 billion in securities. The company has seven trading offices and more than 200 employees with main offices in Delray Beach, San Francisco, Chicago and New York.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution providing a broad range of financial services in the areas of investment banking, securities, investment management and personal banking services at a large and diverse customer base including businesses, financial institutions, governments and individuals. Founded in 1869, the company is headquartered in New York City and has offices in all of the major financial centers around the world.
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