Goldman Sachs (GS) Announces its Strategic Collaboration with Elevation Point

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the Best Financial Stocks to Buy Right Now. On September 2, The Goldman Sachs Group, Inc. (NYSE:GS) announced a strategic collaboration with Elevation Point, which is a growth partner for independent advisors.

Under this partnership, Elevation Point’s partner firms will get access to Goldman Sachs’ broad financial services, including banking, lending, trading, asset management, and capital markets. Moreover, the collaboration expands an existing relationship with The Goldman Sachs Group, Inc.’s (NYSE:GS) Custody Solutions, which will now be the key custodian for Elevation Point.

The Goldman Sachs Group, Inc. (NYSE:GS) will enhance the operational model of Elevation Point by offering access to lending, direct indexing, and customized investment models. The collaboration aims to deliver tailored investment solutions to meet the needs of sophisticated independent advisors and their clients.

The Goldman Sachs Group, Inc. (NYSE:GS) is a global financial institution offering a wide range of financial services. It serves corporations, financial institutions, governments, and individuals through its key business segments.

While we acknowledge the potential of GS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.