/24-7PressRelease/ - MUMBAI, INDIA, September 15, 2007 - Goldman Sachs is hoping to take advantage of an increasing demand for investment research by recommending firms who provide a related service to investors.
This arrangement, which will afford Goldman customers streamlined access to alternative research content providers through its Hudson Street division, has been trialled in America since February.
While Hudson's research providers stand to gain a proportion of any commission that is secured as a result of their recommendations, Goldman will be paid a distribution fee every time an investor uses the facility.
Commission will also be received should an investor subsequently make use of the bank's other services.
"Clients are paying dollars to alternative, third-party research providers," Tom Conigliaro, a managing director at Goldman, told the Financial Times.
"That's happening every day. We want to be in a position to help clients find these services."
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