CAIS, the leading independent exchange for in-demand financial products servicing the global wealth management industry, is pleased to announce a joint venture with Gold Bullion International (GBI), the leading institutional precious metals trading platform.
Under the terms of the agreement, CAIS has integrated the GBI precious metals offering and execution system into the exchange. CAIS Member Firms will benefit from seamless access to precious metals through one operating environment and continued use of the current CAIS features, which include a broad menu alternative funds and products, streamlined execution, integrated reporting, sophisticated analytics and product education and support.
“Our joint venture with GBI offers the most reliable way to buy and store precious metals,” said Rafay Farooqui, President and Co-founder of CAIS. “Our clients globally have expressed a growing need for exposure to real assets given their long term value and portfolio diversification benefits. Accessing gold bullion has been difficult for the wealth management community, which is often limited to exchange traded funds, gold mining stocks or paying high premiums to acquire gold coins. CAIS can now meet this challenge with a cost effective, reliable and transparent solution.”
GBI created a proprietary operating platform that provides an efficient, secure and cost-effective method to acquire and store precious metals. Through partnerships with best-in-class service providers, GBI ensures quality, security and integrity in the process of investing in physical precious metals. The firm’s comprehensive service includes the purchase of precious metals from a global network of industry-recognized dealers and refiners, transportation, fully insured storage in secured vaults around the world, client reporting and quarterly on-site asset verification by an internationally recognized accounting firm.
“CAIS has made tremendous progress in servicing the alternative investment needs of the wealth management community with a single platform. RIA’s, private banks and other wealth management firms are adopting CAIS and we are pleased to be their sole precious metals partner,” said Savneet Singh, CEO of Gold Bullion International. “This joint venture empowers CAIS clients with the same access to precious metals previously only available to the largest institutional asset managers.”
About Gold Bullion International
Gold Bullion International (GBI) a New York-based global business services company that enables investors to efficiently and securely acquire, manage and store physical precious metals. Through its proprietary platform and the industry’s most respected service providers, GBI delivers the first comprehensive, efficient and secure way for financial advisors to offer retail investors the ability to purchase and store physical precious metals. GBI is led by a seasoned management team and is supported by an Advisory Board that includes retired General Wesley Clark, Tocqueville Gold Fund Portfolio Manager John Hathaway and former SEC Chairman Arthur Levitt.
For more information, please visit www.bullioninternational.com.
CAIS is the pioneer in democratizing access to and education about alternative investments for independent financial advisors, empowering them to engage and transact with leading asset managers on a massive scale. CAIS delivers industry-leading technology, operational efficiency, and world-class client service throughout the pre-trade, trade, and post-trade experience.
CAIS provides advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private debt, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and withstand ever-changing markets. CAIS also helps advisors create custom fund vehicles around ideas they source
As an extension of the platform, CAIS delivers an on-demand, online learning experience, CAIS IQ, which is designed exclusively to help advisors deepen their knowledge and increase their confidence in alternative investment strategies.
Most funds listed on the CAIS Marketplace undergo Mercer's independent due diligence and ongoing monitoring. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with the leading US custodians and reporting providers, which makes investing in alternatives simpler.
Founded in 2009, CAIS, a fintech leader, supports over 32,000 advisors who oversee more than $4 trillion in network assets. Since its inception, CAIS has facilitated over $25 billion in transaction volume. CAIS has offices in New York, Los Angeles, Austin, and London. For more information about CAIS, please visit www.caisgroup.com.
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