GBIA will enable advisors to buy, sell and store physical precious metals on behalf of their clients and the bars and coins of gold, silver, platinum and palladium can be stored in six global, insured vaults operated by Brinks, Via-Mat and Malca Amit.
Commenting on the move, Steven Feldman, CEO of GBI said: "There has been tremendous demand for physical precious metals from our existing customer base, which sees both the case for the price appreciation of precious metals and the need to diversify their portfolios away from the traditional stock and bond focus."
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"The independent advisor has never had a platform to facilitate owning physical precious metals. GBIA provides such a platform at no cost to the advisor, and easily frees up time for more client-facing activities," he added.
GBI will soon announce the GBIA platform’s integration into several major RIA reporting systems and the integrations will provide RIAs the opportunity to aggregate a client’s precious metals holdings into monthly statements and include the allocation in the overall investment portfolio.
GBI is the first institutional quality company to streamline the antiquated system of purchasing, vaulting and owning physical precious metals.
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