InspereX, a cloud-based technology platform based in Delray Beach, Fla., that provides access to fixed-income and other financial products, has partnered with Goldman Sachs Advisor Solutions Platform, InspereX announced yesterday.
InspereX’s BondNav platform will provide Goldman Sachs advisors with fixed-income market technology for its independent RIAs.
In addition, Goldman Sachs increased its equity investment in InspereX.
BondNav digitizes fixed-income capital markets by aggregating retail, middle-market and institutional bond markets, which can give advisors a competitive advantage, InspereX said. BondNav is designed to make it easier for RIAs to customize their fixed-income market experience to align it with their workflows. This capability reduces market complexity and accelerates RIA productivity, InspereX said. The platform connects clients to liquidity-providing platforms, with additional real-time support, InspereX said.
“Our powerful technology simplifies market access through customization,” InspereX President David Rudd said in a statement. “By providing advisors with smarter aggregated data and curation, BondNav helps them make better-informed decisions. This way, RIAs on the Goldman Sachs Advisor Solutions platform can cut to the trade and become far more efficient.”
Goldman Sachs also has increased its equity position in InspereX. The amount was not released. It was a shareholder of its predecessor firm Incapital since 2012. Incapital was a distributor of Goldman’s market-linked products, certificates of deposit and retail notes.
“We’re excited to be working with InspereX in the RIA custody space to bring a differentiated solution to market,” Adam Siegler, co-head of Goldman Sachs Advisor Solutions, said in a statement. “By integrating BondNav with Goldman’s extensive fixed-income capital markets capabilities, we believe our offering will provide one of the best fixed-income experiences available to RIAs at a custodian.”