Concurrent said adding Goldman Sachs custody in late 2024 helped recruit breakaway advisors, with the partner firm's assets under management more than doubling to $21 billion.
Goldman's draw is strongest with high- and ultra-high-net-worth teams that want a familiar institutional name, plus access to capital markets, lending, alternatives and long-short equity strategies.
Keaton & Sams, a $1.3 billion team that left Raymond James in October 2025, told clients Goldman would hold their assets before introducing Concurrent as its RIA platform partner.
The gains remain early-stage: AdvizorPro data show Schwab still dominates RIA custody, used by more than 55% of RIAs launched since 2020, while Goldman is at 2.8%.
Advisors also cited limits in Goldman's technology versus legacy platforms, though users said the bank has been responsive as it pushes deeper into the fast-growing independent advice market.