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Goldman Sachs Lands Flagship RIA for Custody Unit: Steward Partners

Goldman Sachs landed a new client, Steward Partners, for its nascent business serving independent financial advice firms, marking its “first large-scale relationship” since entering the burgeoning sector last year.

The Wall Street giant will provide Steward Partners—a fast-growing independent firm with $23 billion in client assets under management and 170 advisors—with clearing, custody, and other unique support, according to the firms. It’s Goldman’s largest registered investment advisor, or RIA, client to date.

The…

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