Envestnet Partners with BlackRock to Enhance Access to Custom Investment Models for Advisors

Envestnet Partners with BlackRock for Custom Investment Solutions

In a significant advancement for registered investment advisors (RIAs), Envestnet has announced a partnership with BlackRock during its Elevate conference held in Las Vegas. This collaboration allows RIAs to access custom model portfolios that are designed to enhance investment strategies and meet the specific needs of their clients.

Streamlined Access to Wealth Management

The newly launched offering enables advisors to manage portfolios through a single account, utilizing Envestnet's Unified Managed Account (UMA) technology. This integration allows for a combination of traditional investments, such as public market ETFs and mutual funds, alongside future offerings that may include Separately Managed Accounts (SMAs) and alternative investments. The goal is to provide RIAs with innovative tools that facilitate the crafting of personalized, tax-efficient portfolios that resonate with clients' goals and risk tolerances.

Dana D'Auria, Group President of Envestnet Solutions and Co-Chief Investment Officer, emphasized the significance of this partnership. "As we celebrate a decade of collaboration with BlackRock at Elevate, we are excited to offer advisors the access they need to these innovative solutions, which can help in achieving better client outcomes. This partnership equips RIAs with the essential tools to deliver customized portfolios with efficiency and scalability without incurring additional costs."

Client-Centric Benefits

The collaboration also delivers substantial value to financial advisors and their clients. By providing access to institutional-quality portfolios, RIAs can foster more strategic and personalized relationships with their clients. This is particularly vital as advisors aim to scale their practices while reducing operational risks. Envestnet's research indicates that firms dedicating over 75% of their practices to model portfolios significantly enhance their business valuations.

Jaime Magyera, Co-Head of BlackRock's U.S. Wealth Advisory Business, reiterated the importance of this alliance: "At BlackRock, our clients remain our priority. Expanding our collaboration with Envestnet reinforces that commitment. Merging BlackRock's investment capabilities with Envestnet's UMA technology empowers advisors to meet clients' unique needs effortlessly, while simultaneously streamlining their business operations."

This initiative builds on their long-standing relationship, offering personalized high-net-worth solutions to advisors seamlessly. BlackRock is a prominent provider in the model portfolio space, currently managing assets totaling approximately $300 billion globally, which they anticipate will double within the next four years, expanding from $5 trillion to $10 trillion.

The Future of Financial Advisory

As Envestnet continues to innovate the wealth management landscape, clients can expect enhanced, tailored financial strategies aimed at long-term success. This partnership serves to position both firms at the forefront of a rapidly evolving financial advisory landscape. Financial advisors looking for effective methodologies to scale their client interactions now have access to customized models designed to meet a spectrum of individual investor needs.

For further details on the Elevate 2025 conference and its innovative offerings, visit Envestnet's official site.

About Envestnet

With a quarter-century of service in the wealth management industry and controlling approximately $6.5 trillion in platform assets, Envestnet is a driving force in transforming financial advising through connected technology and comprehensive solutions. Providing trusted support, over one-third of financial advisors utilize Envestnet's resources for enhanced business productivity and improved client results.

About BlackRock

BlackRock's mission is to improve financial well-being for a diverse range of investors. As a leading provider of financial technology, they strive to make investment processes more accessible and cost-effective, aiming to assist countless individuals in building lifetime savings and assets.

For additional details, visit BlackRock's official site or follow them on Twitter and LinkedIn.