Goldman Sachs Advisor Solutions has picked up another custodial client, announcing Monday that the registered investment advisor Burney Co. will add GSAS as a custody provider.
The RIA has $2.4 billion in assets under management.
The firm, founded in 1974 and based in Reston, Virginia, is adding GSAS' custody service, boosting Burney's access to alternative investments through Goldman's alternatives platform and personalized service model, the companies said in a joint announcement.
Burney is the third firm in five weeks to announce that it was signing with GSAS.
Late last month, Creative Planning announced a new multibillion-dollar strategic custody relationship with GSAS that would give the Overland Park, Kansas-based RIA access to capabilities that include digitized middle and back office for alternative investments, an electronic lending platform, advanced analytics and product offerings from across Goldman Sachs, the firms said.
GSAS didn't specify how many firms are now using GSAS as a custodian or the asset level on the GSAS platform as of Monday.
