Enables Advisors to Meet Growing Demands
for Portfolio Customization at Scale
BERWYN,
Pa. and LAS VEGAS,
April 9,
2025 /PRNewswire/ -- Today, Envestnet announced at
its Elevate conference in Las
Vegas that it has gone live with BlackRock (NYSE: BLK)
custom model portfolios for registered investment advisors
(RIAs).
The new offering provides RIAs with streamlined access to
BlackRock's custom model capabilities, managed within a single
account and powered by Envestnet's UMA technology. In
addition to traditional public markets ETFs and mutual funds, these
portfolios are expected to include Separately Managed Accounts
(SMAs), private markets and other alternative exposures in the near
future. Combining BlackRock's portfolio design and risk management
experience with Envestnet's industry-leading managed account
platform will enable RIAs to seamlessly deliver more personalized,
tax-efficient investment strategies that can align with clients'
specific goals, risk profiles and preferences.
"This year, as we celebrate a decade of partnership with
BlackRock at Elevate, we're excited to offer advisors on our
platform access to these innovative custom model solutions that
reflect our shared commitment to providing scalable solutions that
can help drive better client outcomes," said Dana D'Auria, Group
President of Envestnet Solutions and Co-Chief Investment Officer at
Envestnet. "By offering BlackRock's custom model portfolios on
our platform, we're equipping RIAs with the tools they need to
deliver high-quality, customized portfolios with greater efficiency
and scale – and without added costs."
Delivering Value to Clients and Advisors
This enhanced offering provides advisors and their clients with
access to institutional-quality portfolios, enables more strategic
and personalized advisor relationships and financial planning. For
RIAs in particular, this solution will help them scale their
practices more efficiently, reduce operational risk, and spend more
time focusing on client relationships. According to Envestnet's
2022 research, firms allocating over 75% of their practice to model
portfolios consistently achieve higher valuations.
"Clients are our north star at BlackRock. The expansion of our
long-standing collaboration with Envestnet reflects that
commitment," said Jaime Magyera,
Co-Head of BlackRock's U.S. Wealth Advisory Business. "By
combining BlackRock's investment platform and portfolio
construction expertise with Envestnet's UMA technology, we are
helping advisors meet the unique needs of their clients in a
seamless way, while also making it easier for them to scale their
businesses."
This custom model offering expands on ongoing collaboration
between Envestnet and BlackRock, through which personalized
high-net-worth (HNW) solutions are provided at scale to advisors on
the Envestnet platform.
BlackRock is a leading provider of model portfolios, with
approximately $300 billion in assets
globally. The firm expects managed model portfolios to roughly
double in assets over the next four years, growing from
$5 trillion today into a $10 trillion business.
To view the complete Envestnet Elevate 2025 schedule, please
visit https://www.envestnet.com/event/elevate/glance/.
About Envestnet
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions—backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
approximately $6.5 trillion in
platform assets, Envestnet technology and services are trusted by
more than one-third of all financial advisors. Many of the largest
U.S. banks, wealth management and brokerage firms, and RIAs depend
on Envestnet to help drive business growth and productivity—and
deliver better outcomes for their clients.
For a deeper dive into how Envestnet is shaping the future of
financial advice, visit www.envestnet.com. Stay connected with us
for the latest updates and insights on LinkedIn and X
(@Envestnet_).
About BlackRock
BlackRock's purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
Disclosure: Through a holding company subsidiary,
BlackRock, Inc. (¨BlackRock¨) owns a non-controlling interest in
Envestnet´s parent company, Envestnet, Inc. Envestnet has
entered into a strategic relationship with BlackRock for certain
program offerings. For more information regarding this relationship
and the related conflicts, please see Envestnet's Form ADV Part
2A.
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SOURCE Envestnet
