09:55 AM EDT, 09/02/2025 (MT Newswires) -- Goldman Sachs Group ( GS ) has entered into a strategic collaboration with wealth management firm Elevation Point to offer access to banking and lending, trading, asset management and capital markets capabilities, Elevation Point said Tuesday.

Under the agreement, Goldman Sachs ( GS ) will serve as a primary provider of lending, direct indexing, and open-architecture custom models, Elevation Point said.

The collaboration also expands a deal with Goldman Sachs Custody Solutions, which will now be the key custodian for Elevation Point, according to a statement.

Shares of Goldman Sachs ( GS ) were down more than 2% in recent trading Tuesday.

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