Digest January 12th

Goldman Sachs Exits RIA Custody Business

Goldman Sachs is officially winding down its $100B RIA custody unit, signaling a strategic retreat from the independent advisor channel to focus on core institutional clients. This move could shake up competition in the custody space and impact RIAs looking for multi-custodian options.
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FINRA Identifies Key Changes in Investor Behavior

FINRA’s latest report outlines major behavioral shifts among retail investors, including increased use of digital platforms, appetite for transparency, and a tilt toward passive investing. Advisors may need to adjust service models and communication tactics accordingly.
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SEC Exam Priorities for 2026 Spotlight AI and Fiduciary Oversight

The SEC’s FY2026 exam priorities emphasize fiduciary responsibilities, the oversight of third-party vendors, custody practices, and the emerging use of AI in advisory services. Firms should begin internal reviews now to prepare for potential scrutiny.
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