Richard Lofgren

Richard Lofgren, Managing Director at Goldman Sachs Advisor Solutions, shares insights on building their custody offering. He discusses his journey from the Navy to finance, highlighting his experiences at Schwab and Goldman. Lofgren elaborates on Goldman's unique approach, emphasizing digital efficiency and support for growth-focused financial advisors. He addresses why Goldman entered the RIA custody market, contrasting it with traditional providers, while also touching on technology adoption challenges and the future for independent advisors in a consolidating industry.