Goldman’s RIA unit licenses BondNav platform
The firm is also taking an equity stake in BondNav's operator, InspereX.
InspereX, the Delray Beach, Florida-based successor to merged bond firms InCapital and 280 CapMarkets, has licensed its BondNav fixed-income market technology to Goldman Sachs Advisor Solutions, the firm’s RIA custodial unit.
Goldman Sachs will be the only custodian with a white-labeled version of BondNav, which aggregates the retail, middle market and institutional bond markets, allowing advisers to find the bonds they want and increasing their productivity, InspereX said in a release.
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Along with licensing BondNav, Goldman Sachs increased its equity position in InspereX, the company said.
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