Gold Bullion International Launches First Physical Precious Metals Platform for RIAs
NEW YORK, Jan. 16, 2013 /PRNewswire/ -- Gold Bullion International (GBI), a leading provider of physical precious metals to the wealth management industry, announced today the launch of GBI Advisors (GBIA). Specifically designed for the independent advisor community, GBIA is the first online platform that enables advisors to buy, sell and store physical precious metals on behalf of their clients. These 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 .
"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," said Steven Feldman , CEO of GBI. "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."
GBI is the first institutional quality company to streamline the antiquated system of purchasing, vaulting and owning physical precious metals. Through its proprietary technology, orders are placed for competitive bid by GBI's network of dealers and refiners, ensuring that investors receive competitive pricing. The precious metals are also allocated to the client's name, unlike traditional bank and dealer processes, and unlike the precious metals ETFs.
"Particularly when it comes to gold, the long term case for physical ownership by investors is gaining momentum," continued Mr. Feldman. "We are committed to making the process of buying physical gold and other precious metals easier and more broadly available to investors."
GBI will shortly announce the GBIA platform's integration into several major RIA reporting systems. These 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.
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About Gold Bullion International:
Gold Bullion International LLC (GBI) is a leading institutional precious metals provider to individual investors and the wealth management industry. GBI's technology and operations platform allows investors to acquire and manage their physical precious metals assets directly through GBI or through their existing wealth management account relationships. Precious metals are acquired a competitive institutional dealer network, stored on behalf of investors in protected and insured vaults in New York, Salt Lake City, London, Zurich, Melbourne and Singapore, and audited by one of the big four. GBI provides the easiest, safest and most reliable option for precious metals ownership. GBI, own what's real.
SOURCE Gold Bullion International
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