As United Advisor Group formally launched its impartial registered funding advisor on Monday, the brand new RIA aggregator stated it chosen Goldman Sachs Advisor Options as its custody service supplier.

UAG “will convey collectively a number of founding advisors from quite a lot of impartial broker-dealers and registered funding advisors in a unified, single-tier partnership mannequin,” the corporate stated in a information launch.

Along with the preliminary companions transitioning to UAG, it intends so as to add extra advisors, rising its cumulative belongings underneath administration to greater than $750 million inside the subsequent 12 months, in line with the group.

UAG declined to determine any of the founding advisors from impartial BDs and RIAs.

The agency was “designed with a novel construction to learn its companions and advisors who’re working their very own companies,” UAG stated. “The founders have structured the group to facilitate collaboration with like-minded advisors, avoiding the potential points that may come up from conventional enterprise fashions.”

“As an RIA, it’s our duty to supply options in a fiduciary capability. Goldman Sachs stands out amongst custodians in offering the best high quality and broadest vary of assets, instruments, and analysis that can not be discovered elsewhere,” Ray Gettins, UAG director, stated within the assertion.

Explaining why the group chosen Goldman as its custodian, he stated the transfer “furthers our capacity to hold out our mission to present mid-sized, well-run practices entry to assets that will in any other case be out of attain.”