2024.11.01 Safe to install
Goldman Sachs Custody Solutions: Secure and Comprehensive Asset Management
GS Custody Solutions offers a robust platform for institutional investors, ensuring seamless asset safekeeping and innovative reporting features, but may lack user-friendly interfaces for less tech-savvy clients.
The Goldman Sachs Custody Solutions App represents a modern approach to digital asset management for clients navigating the complexities of investment portfolios. Through this application, users are afforded a seamless way to access essential information, including portfolio summaries, individual positions, and detailed transaction histories directly from their mobile devices.
Notably, the app enhances operational efficiency by enabling clients to address high-priority matters while on the move, ensuring that vital actions remain accessible at any moment. Key features include:
- Secure and user-friendly login options using Face ID or fingerprint authentication.
- Functionality for linking and verifying external accounts.
- The ability to view current account balances alongside a comprehensive portfolio summary.
- Detailed insights into cash transaction activities and transfer statuses.
- Management of personal profile details with ease.
The range of custody, clearing, and certain brokerage services is provided by Folio Investments, Inc., operating as Goldman Sachs Custody Solutions (GSCS), a registered broker-dealer and member of FINRA/MSRB/SIPC. Investment portfolios may be managed by an advisor or remain unmanaged and are not registered investment companies. Additional brokerage services are offered through Goldman Sachs & Co. LLC (GS&Co.), which is also a registered broker-dealer and investment adviser. For further information, clients are encouraged to research GSCS and GS&Co. via FINRA's BrokerCheck.
As part of The Goldman Sachs Group, Inc., a globally recognized institution in investment banking and financial services, GSCS and GS&Co. are equipped to offer comprehensive financial solutions while adhering to regulatory standards. It is worth noting that Goldman Sachs engages in various financial ventures beyond the specific services provided by its custody solutions division.
Margin loans extend through GSCS, while additional lending options may be sourced from Goldman Sachs Bank USA's Salt Lake City Branch, also a member of FDIC and other Goldman Sachs affiliates.
Investment products associated with GS Select: Loans are issued through the Salt Lake City branch of Goldman Sachs Bank USA. Membership in FDIC is established. The trademarks Goldman Sachs Private Bank Select and GS Select are owned by GS&Co. Credit assessments and collateral requirements apply; therefore, clients should evaluate whether a securities-based loan aligns with their financial strategy before pursuing funding options.
© 2024 The Goldman Sachs Group, Inc. All rights reserved.
Investment products are: NOT FDIC INSURED • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, GOLDMAN SACHS BANK USA • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED.
Overview
GS Custody Solutions is a Freeware software in the category Business developed by Goldman Sachs.
The latest version of GS Custody Solutions is 2024.11.01, released on 12/30/2024. It was initially added to our database on 12/30/2024.
GS Custody Solutions runs on the following operating systems: iOS.
Users of GS Custody Solutions gave it a rating of 5 out of 5 stars.
Pros
- Robust security features for asset protection
- Reputable brand with extensive experience in custody services
- Comprehensive range of services including fund administration, reporting, and settlement
- Global presence allows for international transaction capabilities
- Advanced technology platform for efficient operations and client support
- Strong client servicing and dedicated relationship management
Cons
- High fees compared to smaller or niche custody providers
- Complex onboarding process that may require substantial documentation and time
- Limited flexibility in terms of customizing services for unique client needs
- Potential conflicts of interest due to being part of a large financial institution
- May be less responsive to smaller clients due to focus on larger institutional clients
FAQ
What are GS Custody Solutions?
GS Custody Solutions are financial services provided by Goldman Sachs that assist clients in the safekeeping and administration of their assets.
Who can use GS Custody Solutions?
GS Custody Solutions are designed for institutional clients, such as asset managers, hedge funds, and pension funds.
What types of assets can be held in custody?
GS Custody Solutions can hold a variety of assets including equities, fixed income, derivatives, and alternative investments.
What services are included in GS Custody Solutions?
Services include safekeeping of assets, settlement of transactions, corporate actions processing, reporting, and performance analytics.
How does Goldman Sachs ensure the security of assets in custody?
Goldman Sachs employs robust risk management practices, advanced technology, and regulatory compliance to ensure asset security.
Are there any fees associated with GS Custody Solutions?
Yes, fees for GS Custody Solutions vary depending on the services utilized and the specifics of client agreements. It's best to consult directly with Goldman Sachs for detailed information.
Can clients access their account information online?
Yes, clients can access their account information through Goldman Sachs' secure online platform.
What is the process for onboarding to GS Custody Solutions?
The onboarding process involves initial discussions to understand client needs, completion of required documentation, and integration into Goldman Sachs' systems.
How can clients contact support for GS Custody Solutions?
Clients can contact support through their designated relationship manager or through the customer service channels provided by Goldman Sachs.
Is there a minimum asset requirement to use GS Custody Solutions?
Yes, there may be a minimum asset threshold required to qualify for GS Custody Solutions; this varies by client type and specific services requested.
David Fischer
I am a technology writer for UpdateStar, covering software, security, and privacy as well as research and innovation in information security. I worked as an editor for German computer magazines for more than a decade before joining the UpdateStar team. With over a decade of editorial experience in the tech industry, I bring a wealth of knowledge and expertise to my current role at UpdateStar. At UpdateStar, I focus on the critical areas of software, security, and privacy, ensuring our readers stay informed about the latest developments and best practices.
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