The Goldman Sachs Group has entered into an agreement to acquire Industry Ventures, a leading venture capital platform that invests in businesses and funds across all stages of the venture capital life cycle. Industry Ventures currently has $ 7 billion of assets under supervision. It was founded in 2000. Goldman said it has pioneered various segments of the venture capital market, including offering secondary liquidity solutions, seeding emerging venture capital funds and co-investing directly in early-stage high growth businesses. Industry Ventures has one of the largest portfolios of venture capital partnerships from the seed stage to late-stage growth stage in the United States, representing investments in more than 800 venture capital and technology focused funds, and it works with over 325 venture capital firms as a value-added limited partner, liquidity solutions provider and co-investment partner.

Franklin Templeton Expands Canvas Platform With Tax Aware Long-Short Capabilities

Franklin Resources, a global investment manager operating as Franklin Templeton, has launched tax aware long-short strategies on Canvas, its platform for personalized, tax-managed investment. The strategies are designed to help advisors improve clients’ pre- and after-tax returns.

Starting with a U. S. large cap 130 / 30 structure, the suite of strategies will grow to include additional leverage options.

By combining long and short positions with the use of leverage, tax aware longshort strategies can give investors more opportunity to generate excess return while enhancing their tax benefits with more loss harvesting potential than they could get from a long-only direct index. These strategies are designed to provide a powerful tool to diversify concentrated stock positions and prepare clients for liquidity events.

YCharts Lets Users Access Data On Individual Bonds

Chicago investment research company YCharts has launched a new service offering data on individual bonds. The dataset expands YCharts’ multi-asset coverage and gives wealth management firms faster, clearer ways to evaluate and communicate fixed-income strategies.

Bonds are likely to get more attention at a time the government has moved beyond zero-interest-rate policy. This“ makes access to bond data essential for advisors and clients alike as they refocus on the 40 % of the 60 / 40 portfolio,” the firm said.

YChart users will have access to more than six million government, sovereign, agency, municipal, and corporate bonds. With that, its users can analyze true bond holdings in client or prospect portfolios and illustrate bond strategies with presentation-ready visuals. Users can also access bond-level details looking at things like yield, duration, and credit quality, the company said.

NPF Launches ETF Using Section 351 Conversion Strategy

NPF Investment Advisors, a Grand Rapids, Mich.-based independent RIA and financial planning firm, has launched the NPF Core Equity Exchange Traded Fund, which employs a Section 351“ in-kind” conversion strategy( named for the same section of the Internal Revenue Code), allowing investors to transfer appreciated equities into an ETF structure without triggering immediate capital gains taxes. Eligible investors may contribute appreciated stock and ETFs in exchange for shares of the new ETF, subject to specific concentration and diversification requirements. Since it’ s a tax-free reorganization that gets Section 351 tax treatment, no capital gains are recognized at the time of contribution. The fund is expected to begin trading on January 20, 2026.

Bernstein Private Wealth Management Unveils New Pooled Employer Plan

Bernstein Private Wealth Management, a unit of AllianceBernstein L. P., has launched the Bernstein PEP, a new pooled employer plan designed to enhance retirement benefit options for small to midsize businesses and private equity firms. This nationwide offering provides a streamlined, cost-effective retirement solution for employers looking to provide competitive retirement benefits without the complexities of managing a traditional 401( k).

Introduced in 2019 by the SECURE Act, PEPs are retirement plans that allow multiple employers from unrelated businesses to participate in a single retirement plan run by a third-party provider. This structure helps small to midsize companies and private equity firms offer a more competitive workplace benefit that reduces administrative, compliance, and reporting complexities and lowers fiduciary risks.

Amplify ETFs Launches Ethereum Option Income ETFs

Amplify ETFs has launched two exchange-traded funds as part of its YieldSmart suite, a family of advanced covered call options-based ETFs. The funds provide investors with a combination of high monthly income and growth exposure to the digital asset Ether, turning its volatility into consistent income opportunities.

The Amplify Ethereum 3 % Monthly Option Income ETF( ETTY) targets 36 % annual option premium income, seeking to balance high income generation with Ether price appreciation. The fund seeks to deliver 3 % monthly income while maintaining upside by writing 5 % to 10 % out-of-the-money weekly call options on a portion of the portfolio’ s Ether exchange-traded products.

The Amplify Ethereum Max Income Covered Call ETF( EHY) is optimized for maximum monthly option income, aiming to generate 50 % to 80 % annualized option premium income while preserving exposure to approximately 5 % to 10 % Ether price appreciation weekly. The fund writes weekly, 5 % to 10 % out-of-the-money covered call options on Ether ETPs.

NOVEMBER 2025 | FINANCIAL ADVISOR MAGAZINE | 13