04.16.25

Major Firms Announce Triple Partnership To Extend Retail Investor Choices

by: Steve Randall

Vanguard, Wellington Management and Blackstone have announced a partnership to develop simplified multi-asset investment solutions for retail investors. The firms said that the aim of the partnership is to streamline access to diversified portfolio construction including private market assets and to help advisors meet client demands for growth and income. The announcement follows on from other strategic moves from firms seeking gains in the private markets space, including State Street Global Advisors and Apollo’s plan for private credit exchange-traded funds and BlackRock’s new offering for alts-focused advisors.

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