10.29.24

BlackRock Partners With iCapital, GeoWealth To Offer Custom Models in UMAs

by: Elaine Misonzhnik

BlackRock has teamed with alternative investment platform iCapital and turnkey asset management platform GeoWealth to allow registered investment advisors (RIAs) who use BlackRock’s custom model portfolios to invest in private assets alongside traditional investments in unified managed accounts. BlackRock expects a lot of the growth in the private wealth space over the next few years to come from the model portfolio segment, especially when it comes to ultra-high-net-worth clients, according to Jaime Magyera, co-head of U.S. wealth advisory at BlackRock. “Part of this is bringing together a platform that helps an advisor personalize and customize a portfolio across public and private markets and then easily, conveniently implement that through a platform,” she said.

Read the full article on WealthManagement.com