Independent Advisor Solutions, a subsidiary of Wellington-Altus Financial, has partnered with Goldman Sachs Asset Management to enhance its advisor portfolios.
The move is set to introduce a new “MiBLOX” strategy managed by Goldman Sachs in early 2025.
This follows the launch of Independent Advisor Solutions last month and its five-fund alliance with BlackRock under the “MiBLOX” banner.
Independent Advisor Solutions provides solutions for advisors, including sub-advisory oversight of multi-asset model-based portfolios (MiMODEL) and exclusive investment funds (MiBLOX, MiFUND).
The company is registered as an investment fund manager and portfolio manager in several Canadian provinces.
Independent Advisor Solutions president Jon Kilfoyle said: “Advisors using our offerings are supported by a thoughtfully curated and thoroughly vetted selection of who we believe are among the best at what they do.
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By GlobalData“The relationship with Goldman Sachs adds yet another global titan to our suite, providing advisors with access to truly world-class expertise, and differentiates them from the rest of the Canadian marketplace.”
Goldman Sachs Asset Management Client Business global head Matt Gibson said: “Our team is excited to collaborate with Independent Advisor Solutions to serve their clients’ complex investment needs.
“We look forward to working closely across our leadership teams to deliver GSAM’s broad investing capabilities and extensive resources to IAS’s leading advisor network.”
Wellington-Altus Financial, set up in 2017, has various subsidiaries, including Independent Advisor Solutions. It is an investment dealer in Canada, with more than $35bn in assets under administration and a nationwide presence.
Recently, Goldman Sachs Alternatives’ Infrastructure division agreed to acquire Melita, a Malta-based digital infrastructure provider founded in 1992, offering data centre solutions, mobile connectivity, and broadband services.