Goldman Sachs Ayco adds Creative Planning to growing RIA referral program

In Andrew Cohen’s recent InvestmentNews article, Corey Kupfer, Founder and Managing Partner at Kupfer Law, discusses Goldman Sachs’ expansion of the Ayco referral program and highlights key considerations for participating RIAs. 

Corey notes that it is still unclear whether firms will be required to have a custodial relationship with Goldman and emphasizes that both Goldman and participating RIAs should be careful not to breach fiduciary duties as referral programs expand, particularly when it comes to referral fees, revenue sharing and potential quid pro quo use of investment and lending solutions.

Read the full story here: https://www.investmentnews.com/ria-news/goldman-sachs-ayco-adds-creative-planning-to-growing-ria-referral-program/264746