Amplify Partners with Goldman Sachs for RIA Custody and Data Solution

Amplify, an AI-backed RIA growth platform, has teamed up with Goldman Sachs Custody Solutions to launch a new integration, which aims to provide growth-minded RIAs with broader access to custody services. 

Through the partnership, Amplify has launched Custody Command Layer, a solution designed for independent RIA firms, enterprises, and platforms, which will enable RIAs to scale their firms and to offer more tailored services to clients. 

Additionally, Amplify has embedded Goldman’s custody capabilities, which include account opening, trading, funding, and maintenance into its platform.

The agreement with Goldman will enable the client data to flow into Amplify’s onboarding workflow through multi-custodial account opening, investment management, and reporting.

“We built the Custody Command Layer to be capable of delivering same-day accounts, real-time data and no reconciliation,” said Aaron Brodt, CEO and co-founder of Amplify. 

Amplify’s latest announcement comes nearly a month after the platform collaborated with Wealthbox, a CRM software for financial advisors, further allowing client data to be integrated into Wealthbox’s system.

Amplify becomes the latest platform to team up with Goldman Sachs for custodian services, following Dynasty Financial, Creative Planning and Elevation Point. 

Goldman Sachs has also landed custodian deals with other firms, including Peachtree Group, in a move to expand its alternative investment offerings to investors. 

Amplify actively supports over 655 advisors and oversees more than $24.5 billion in assets on its platform.