BlackRock Goes Live with First-of-its-Kind Public-Private Model Portfolios, Enabling Easier Access to Private Markets
BlackRock (NYSE: BLK) has launched a groundbreaking customizable public-private model portfolio within a Unified Managed Account (UMA), powered by GeoWealth's UMA technology and iCapital's capabilities. This marks the first-ever customizable model portfolio combining private and public market assets in a UMA with streamlined administration.
BlackRock, a leading model provider with approximately $300 billion in model assets globally, expects managed model portfolios to grow from $5 trillion to $10 trillion in the next four years. The company's custom models business has attracted $50 billion in new assets over the past 5 years, representing its fastest-growing models segment.
The U.S. Wealth Advisory business generates a quarter of BlackRock's revenues in 2024, with this new initiative aimed at simplifying advisors' ability to allocate across public and private markets in unified, professionally managed portfolios.
BlackRock (NYSE: BLK) ha lanciato un innovativo portafoglio modello pubblico-privato personalizzabile all'interno di un Conto Gestito Unificato (UMA), supportato dalla tecnologia UMA di GeoWealth e dalle capacità di iCapital. Questo segna il primo portafoglio modello personalizzabile che combina asset di mercato privati e pubblici in un UMA con un'amministrazione semplificata.
BlackRock, un fornitore leader di modelli con circa 300 miliardi di dollari in asset modello a livello globale, prevede che i portafogli modello gestiti cresceranno da 5 trilioni di dollari a 10 trilioni di dollari nei prossimi quattro anni. L'attività di modelli personalizzati dell'azienda ha attratto 50 miliardi di dollari in nuovi asset negli ultimi 5 anni, rappresentando il segmento di modelli in più rapida crescita.
L'attività di Wealth Advisory negli Stati Uniti genera un quarto dei ricavi di BlackRock nel 2024, con questa nuova iniziativa mirata a semplificare la capacità degli advisor di allocare risorse tra mercati pubblici e privati in portafogli unificati e gestiti professionalmente.
BlackRock (NYSE: BLK) ha lanzado un innovador portafolio modelo personalizable de tipo público-privado dentro de una Cuenta Administrada Unificada (UMA), impulsado por la tecnología UMA de GeoWealth y las capacidades de iCapital. Esto marca el primer portafolio modelo personalizable que combina activos de mercados privados y públicos en una UMA con una administración simplificada.
BlackRock, un proveedor líder de modelos con aproximadamente 300 mil millones de dólares en activos modelo a nivel global, espera que los portafolios modelo gestionados crezcan de 5 billones de dólares a 10 billones de dólares en los próximos cuatro años. El negocio de modelos personalizados de la compañía ha atraído 50 mil millones de dólares en nuevos activos en los últimos 5 años, representando su segmento de modelos de más rápido crecimiento.
El negocio de Wealth Advisory en EE. UU. genera una cuarta parte de los ingresos de BlackRock en 2024, con esta nueva iniciativa destinada a simplificar la capacidad de los asesores para asignar recursos entre mercados públicos y privados en portafolios unificados y gestionados profesionalmente.
블랙록 (NYSE: BLK)은 GeoWealth의 UMA 기술과 iCapital의 역량을 기반으로 한 통합 관리 계좌(UMA) 내에서 혁신적인 맞춤형 공공-민간 모델 포트폴리오를 출시했습니다. 이는 UMA 내에서 공공 및 민간 시장 자산을 결합한 최초의 맞춤형 모델 포트폴리오로, 관리가 간소화되었습니다.
블랙록은 전 세계적으로 약 3천억 달러의 모델 자산을 보유한 선도적인 모델 제공업체로, 관리되는 모델 포트폴리오가 향후 4년 내에 5조 달러에서 10조 달러로 성장할 것으로 예상하고 있습니다. 회사의 맞춤형 모델 사업은 지난 5년 동안 500억 달러의 새로운 자산을 유치했으며, 이는 가장 빠르게 성장하는 모델 부문을 나타냅니다.
미국의 자산 관리 사업은 2024년 블랙록 수익의 4분의 1을 차지하며, 이 새로운 이니셔티브는 고유하게 관리되는 포트폴리오에서 공공 및 민간 시장 간의 자산 배분을 간소화하는 것을 목표로 하고 있습니다.
BlackRock (NYSE: BLK) a lancé un portefeuille modèle public-privé personnalisable révolutionnaire au sein d'un Compte Géré Unifié (UMA), propulsé par la technologie UMA de GeoWealth et les capacités d'iCapital. Cela marque le tout premier portefeuille modèle personnalisable combinant des actifs de marchés privés et publics dans un UMA avec une administration simplifiée.
BlackRock, un fournisseur de modèles de premier plan avec environ 300 milliards de dollars d'actifs modèles à l'échelle mondiale, s'attend à ce que les portefeuilles modèles gérés passent de 5 billions de dollars à 10 billions de dollars au cours des quatre prochaines années. L'activité de modèles personnalisés de l'entreprise a attiré 50 milliards de dollars de nouveaux actifs au cours des cinq dernières années, représentant son segment de modèles à la croissance la plus rapide.
L'activité de conseil en gestion de patrimoine aux États-Unis génère un quart des revenus de BlackRock en 2024, cette nouvelle initiative visant à simplifier la capacité des conseillers à allouer des ressources entre les marchés publics et privés dans des portefeuilles unifiés et gérés professionnellement.
BlackRock (NYSE: BLK) hat ein bahnbrechendes anpassbares öffentlich-privates Modellportfolio innerhalb eines Unified Managed Accounts (UMA) gestartet, unterstützt von der UMA-Technologie von GeoWealth und den Fähigkeiten von iCapital. Dies ist das erste anpassbare Modellportfolio, das private und öffentliche Marktanlagen in einem UMA mit vereinfachter Verwaltung kombiniert.
BlackRock, ein führender Modellanbieter mit etwa 300 Milliarden Dollar an Modellvermögen weltweit, erwartet, dass die verwalteten Modellportfolios in den nächsten vier Jahren von 5 Billionen Dollar auf 10 Billionen Dollar wachsen werden. Das Geschäft mit maßgeschneiderten Modellen des Unternehmens hat in den letzten 5 Jahren 50 Milliarden Dollar an neuen Vermögenswerten angezogen und stellt damit das am schnellsten wachsende Modellsegment dar.
Das Wealth Advisory-Geschäft in den USA generiert 2024 ein Viertel der Einnahmen von BlackRock, wobei diese neue Initiative darauf abzielt, die Fähigkeit der Berater zu vereinfachen, in einheitlichen, professionell verwalteten Portfolios zwischen öffentlichen und privaten Märkten zu investieren.
- First-mover advantage in public-private model portfolios market
- Strong growth in custom models business ($50B new assets in 5 years)
- Significant revenue contribution from U.S. Wealth Advisory (25% of total)
- Strategic investments in technology partners GeoWealth and iCapital
- Private market investments carry risk of significant losses, potentially exceeding principal
- Illiquidity risks in private investment funds
- Potential valuation challenges for private investment assets
Insights
BlackRock's launch of customizable public-private model portfolios represents a significant strategic advancement in the wealth management technology space. This innovation addresses a critical gap in the market by simplifying advisors' ability to incorporate private market investments alongside traditional assets in a unified account structure.
The timing is particularly strategic as BlackRock's data indicates its custom models business has been its fastest growing segment, generating
This initiative strengthens BlackRock's competitive positioning in three dimensions: First, it enhances their wealth management technology stack through partnerships with GeoWealth and iCapital. Second, it directly addresses operational friction that has historically advisor adoption of private market allocations. Third, it reinforces BlackRock's strategy of becoming an integrated portfolio solutions provider rather than just a product manufacturer.
With U.S. Wealth Advisory already generating
The technical integration between BlackRock, GeoWealth and iCapital represents a breakthrough in solving the persistent operational challenges of incorporating private market investments into wealth management platforms. The technology stack combines GeoWealth's UMA architecture with iCapital's private markets infrastructure to create a seamless advisor experience—historically impossible due to the distinct operational requirements of these asset classes.
What makes this development technically impressive is the integration of fundamentally different investment vehicles with disparate subscription processes, capital call mechanisms, and reporting structures into a single portfolio framework. iCapital's Multi-Investment Workflow Tool addresses a critical friction point by streamlining the notoriously paperwork-intensive alternative investment subscription process.
From a market positioning perspective, this creates a considerable technological moat. BlackRock's strategic investments in both GeoWealth and iCapital have created a vertically integrated solution that competitors will struggle to replicate without similar partnership structures. The unified reporting and portfolio management capabilities directly address the documentation and workflow challenges that have historically deterred advisors from allocating to private markets.
This technology integration positions BlackRock advantageously as the wealth management industry evolves toward more comprehensive asset allocation models incorporating alternatives. By making private market access operationally comparable to traditional investments, BlackRock potentially expands the addressable market for these higher-fee strategies, particularly among RIAs who have been underserved in this space due to implementation challenges.
- Simplified Access Made Possible by GeoWealth and iCapital’s Technology
- Models provide customizable access to private markets alongside public markets in a single account
The launch marks the first time a customizable model portfolio that includes access to both private and public market assets is available through a UMA, featuring streamlined administration and custodial integration.
Advisors are increasingly turning to models-based solutions to meet demands for more tailored products and access to diversified exposures. This collaboration is designed to simplify and enhance advisors’ ability to allocate across public and private markets.
“This launch represents a significant step forward, helping advisors allocate across both public and private markets all in one unified, professionally managed portfolio,” said Jaime Magyera, Co-Head of BlackRock’s
BlackRock is a leading provider of models, with approximately
"We are proud to support the launch of the first customizable public-private model portfolio within a Unified Managed Account (UMA). This innovative solution enables advisors to easily incorporate alternative investments into their investment strategies for their clients in a simplified way, within a single account," said Lawrence Calcano, Chairman and CEO of iCapital. "We believe models will be an important way for advisors to allocate to private markets, and iCapital’s underlying technology allows our clients to customize what they want to buy or deliver into the market.”
Tech enhancements to better enable portfolio management and data analytics are also driving the growing adoption of model portfolios among RIAs. This growing theme underscores the broader benefits of the collaboration with iCapital, a global fintech platform helping drive the world’s alternative investment marketplace, and GeoWealth, a proprietary technology and turnkey asset management platform (TAMP) serving RIAs.
“Advisors and asset managers have long understood the role of private markets investments, the challenge has been the inability to systematically integrate and implement at scale in a wealth management practice,” said Colin Falls, CEO of GeoWealth. “GeoWealth’s UMA technology and workflow solutions, in partnership with BlackRock and iCapital, creates an entirely new paradigm for advisors considering a public-private portfolio.”
These models will provide advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management capabilities throughout the investment’s lifecycle. iCapital’s Multi-Investment Workflow Tool streamlines the entire alternative assets investing experience.
BlackRock sees significant growth opportunity in the
BlackRock, GeoWealth and iCapital are separate and non-affiliated companies. GeoWealth provides rebalancing capabilities for portfolios containing private market vehicles. iCapital offers streamlined subscription document processing to invest in the private market vehicles. BlackRock is a strategic investor in GeoWealth and iCapital.
Incorporating products providing private market exposure into a portfolio presents the opportunity for significant losses, including in some cases losses which exceed the principal amount invested. Funds that seek to provide exposure to private assets (“private investment funds”) may have experienced periods of high volatility and in general, are not suitable for all investors. Asset allocation and diversification strategies do not ensure profit or protect against loss in declining markets. An investment in shares of the private investment funds should be considered illiquid. In addition, the securities in which the private investment funds invest may be valued at prices that the funds are unable to obtain upon sale due to factors such as incomplete data or market instability. Such private investment funds may not be able to realize the investment at the latest fair value price. End client account performance may differ due to the illiquidity of the private investment funds.
Forward-Looking Statements
This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
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
About GeoWealth
GeoWealth is a turnkey asset management platform (TAMP) and financial technology solution built specifically for the needs of modern RIAs. GeoWealth’s user-friendly, cost-efficient, integrated technology enables advisors to access a diversified lineup of model portfolios and fully offload mid-and back-office responsibilities, including performance reporting, billing, portfolio accounting and more. Via its customizable open-architecture platform, GeoWealth enables advisors and firms to grow faster and serve clients more efficiently. Founded in 2010, GeoWealth is headquartered in
About iCapital
iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets, structured investments (SI), and annuities into the core portfolio strategies for their clients.
At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With
iCapital employs more than 1,750 people globally and has 16 offices worldwide, including
View source version on businesswire.com: https://www.businesswire.com/news/home/20250326374537/en/
For media inquiries, please contact:
BlackRock: Reem Jazar, 646-357-6135, reem.jazar@blackrock.com
iCapital: 919-602-2806, icapital@neibartgroup.com
GeoWealth: Will Ruben, 847 208 8289, william@streetcredpr.com
Source: BlackRock
FAQ
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