Goldman Sachs Asset Management has partnered with GeoWealth to deliver customizable, open-architecture investment models for registered investment advisors (RIAs). These models, accessible through GeoWealth’s unified managed accounts (UMA) platform, include SMAs, ETFs, direct indexing, mutual funds, and alternatives, allowing RIAs to tailor them to clients’ unique goals and tax considerations. 

Starting with mutual fund and ETF models, Goldman plans to expand offerings to include equity SMAs, fixed-income solutions, and direct indexing in the coming months. Responding to demand from RIAs for scalable, personalized portfolio solutions, the partnership aims to streamline account management, simplify paperwork, and boost operational efficiency. 

Goldman’s multi-asset solutions team will power these custom models, leveraging the firm’s capabilities with API integrations across 42 tech vendors. 

Finsum: These solutions can increase flexibility greatly for RIAs and provide a streamlined process for clientele. 

TradePMR has introduced Fusion SYNC, an AI-powered tool designed to ease the custodian transition process for registered investment advisors (RIAs). By allowing advisors to upload complete client data and automatically transferring it to TradePMR’s Fusion platform, Fusion SYNC aims to reduce manual data entry and speed up transitions, potentially cutting transition time from weeks to days. 

The tool also cross-checks for errors, minimizing the need for manual corrections and improving data accuracy. Jon Patullo, TradePMR’s chief product officer, emphasized that Fusion SYNC aims to ease the burdens of custodial transitions, helping advisors maintain client trust through streamlined service. 

With 40% of advisory assets expected to change hands in the next decade, Fusion SYNC positions TradePMR as an early AI adopter in custodial services. 

Finsum: Lean into technology, and particularly AI when it comes to changing custodians as it can greatly aid the data transfer process. 

Renewable energy stocks, once at peak valuations in 2020-21, are struggling with investor pullbacks and face extended uncertainty partly due to U.S. election concerns. Interest in the sector has been eroded by competition from Chinese renewables, strong returns on conventional energy, and issues like supply chain disruptions and grid connection challenges. 

Although the Inflation Reduction Act has supported renewable investments in the U.S., analysts warn that the potential return of Donald Trump to office could redirect funds to fossil fuels, while a win for Democrat Kamala Harris might revive confidence in renewables. 

Even with lower interest rates, a new boom on the scale of 2020-21 is unlikely, as renewable growth has slowed. The sector has seen 17 consecutive months of net outflows, losing over $11 billion in 2024 alone, with major funds like the iShares Global Clean Energy ETF losing 28% in unit numbers. 

Finsum: There could be a serious opportunity to find value in these ETFs at the current price levels.