‘Bridge by BNP Paribas’ is powered by Edgefolio, a leading tech provider for the fund distribution and asset management industries. The platform will complement the bank’s Capital Introduction team of specialists and deepen their diverse set of global investor relationships, market knowledge and expertise. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.BNP Paribas, Europe’s leading financial institution, today announces the launch of ‘ Bridge by BNP Paribas’ – the bank’s digital capital introduction platform, offered exclusively to institutional investors and hedge fund clients serviced by the bank’s Prime Services business. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. More information will be provided on the event and other plans in the future. The SRI Conference and Community will complement Goldman Sachs’ commitment to ESG investing and thought leadership. Under the leadership of First Affirmative and Folio Financial, the SRI Conference has grown into the world’s largest, longest-running, and preeminent ESG-focused conference. The SRI Conference and Community, founded by First Affirmative, will remain with Goldman Sachs.This structure will allow First Affirmative to continue its core mission of enabling advisors to deliver financial results while leveraging the power of capital in bringing about lasting environmental and social change. With support from Goldman Sachs, First Affirmative Financial Network, LLC will operate as an independent, employee-owned company.With our shared pledge to improving the financial outcomes of those we serve we now excitedly launch the next phase of our journey.”Īdditionally, after a strategic review of Folio Financial’s business lines, Goldman Sachs is announcing the following actions: As part of Goldman Sachs, Folio will be ideally positioned to further innovate and reach even greater heights on behalf of our clients.
Through two decades of remarkable dedication by the devoted and talented employees of our firm, we evolved into a unique brokerage, custodian, and financial technology company, delivering advanced investment solutions to investors and the advisors that serve them.
Steve Wallman, founder and CEO of Folio Financial, Inc., remarked: “In 2000, Folio was created to revolutionize the way people invest. “We are excited to integrate Folio’s technology platform with our client service expertise to broaden our franchise and expand our product offering to new and existing clients.” “The RIA space is large, estimated at roughly $5T, and fast growing,” said Philip Berlinski, Global Chief Operating Officer of Goldman Sachs’ Equities Division. Over time, this will further diversify the firm’s funding mix, and add durable recurring revenues to its Global Markets Division. Looking forward, RIAs will have access to rich analytics and services through a comprehensive suite of Application Programming Interfaces (APIs), all part of a fully-integrated Goldman Sachs execution, clearing, and custody solution. This acquisition combines Goldman Sachs’ decades of experience providing execution, clearing and custody capabilities to institutional and ultra-high net worth clients with Folio’s state-of-the-art technology offering across the RIA market.įolio’s platform enables advisors to create customized and diversified portfolios in a scalable way. This will enhance the firm’s own offerings to RIAs while expanding its client base in that segment. Folio Financial has developed a differentiated technology offering that provides institutional grade clearing and custody services to RIAs. NEW YORK, SeptemToday Goldman Sachs (NYSE:GS) will successfully complete its purchase of Folio Financial, Inc., an execution, clearing and custody platform that serves independent Registered Investment Advisors (“RIAs”) across the wealth spectrum.
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