GeoWealth Partners with iCapital® to Enable BlackRock’s Custom Models Featuring Private Assets in Unified Managed Accounts
GeoWealth, iCapital, and BlackRock (NYSE: BLK) have announced a strategic partnership to enhance unified managed accounts (UMAs) with private assets integration. The collaboration enables registered investment advisors (RIAs) to access BlackRock's custom model portfolios through GeoWealth's platform, featuring private markets, direct indexing, and fixed income SMAs alongside traditional ETFs and mutual funds. The integration leverages iCapital's Multi-Investment Workflow Tool to streamline alternative assets investing, offering unified trade orders, automated processes, and consolidated client communications.
GeoWealth, iCapital e BlackRock (NYSE: BLK) hanno annunciato una partnership strategica per migliorare i conti gestiti unificati (UMA) con l'integrazione di attivi privati. Questa collaborazione consente ai consulenti di investimento registrati (RIA) di accedere ai portafogli modello personalizzati di BlackRock tramite la piattaforma di GeoWealth, che include mercati privati, indicizzazione diretta e SMA a reddito fisso insieme a ETF e fondi comuni tradizionali. L'integrazione sfrutta lo Strumento di Flusso di Lavoro Multi-Investimento di iCapital per semplificare l'investimento in attivi alternativi, offrendo ordini di trading unificati, processi automatizzati e comunicazioni consolidate con i clienti.
GeoWealth, iCapital y BlackRock (NYSE: BLK) han anunciado una asociación estratégica para mejorar las cuentas gestionadas unificadas (UMA) con la integración de activos privados. Esta colaboración permite a los asesores de inversión registrados (RIA) acceder a los portafolios modelo personalizados de BlackRock a través de la plataforma de GeoWealth, que incluye mercados privados, indexación directa y SMAs de renta fija junto a ETFs y fondos mutuos tradicionales. La integración utiliza la Herramienta de Flujo de Trabajo de Multi-Inversión de iCapital para simplificar la inversión en activos alternativos, ofreciendo órdenes de negociación unificadas, procesos automatizados y comunicaciones consolidadas con los clientes.
GeoWealth, iCapital 및 BlackRock (NYSE: BLK)는 사모 자산 통합을 통해 통합 관리 계좌(UMA)를 향상시키기 위한 전략적 파트너십을 발표했습니다. 이 협력은 등록 투자 어드바이저(RIA)가 GeoWealth 플랫폼을 통해 BlackRock의 맞춤형 모델 포트폴리오에 접근할 수 있도록 하며, 여기에는 사모 시장, 직접 지수화, 고정 수익 SMA와 함께 전통적인 ETF 및 뮤추얼 펀드가 포함됩니다. 이 통합은 iCapital의 다중 투자 워크플로 도구를 활용하여 대체 자산 투자를 간소화하고, 통합 거래 주문, 자동화된 프로세스 및 클라이언트 커뮤니케이션 통합을 제공합니다.
GeoWealth, iCapital et BlackRock (NYSE: BLK) ont annoncé un partenariat stratégique pour améliorer les comptes gérés unifiés (UMA) avec l'intégration d'actifs privés. Cette collaboration permet aux conseillers en investissement enregistrés (RIA) d'accéder aux portefeuilles modèles personnalisés de BlackRock via la plateforme de GeoWealth, comprenant des marchés privés, une indexation directe et des SMA à revenu fixe, ainsi que des ETF et des fonds communs traditionnels. L'intégration exploite l'outil de flux de travail multi-investissement d'iCapital pour simplifier l'investissement dans des actifs alternatifs, offrant des ordres de trading unifiés, des processus automatisés et des communications consolidées avec les clients.
GeoWealth, iCapital und BlackRock (NYSE: BLK) haben eine strategische Partnerschaft angekündigt, um die einheitlichen verwalteten Konten (UMA) mit der Integration privater Vermögenswerte zu verbessern. Diese Zusammenarbeit ermöglicht es registrierten Anlageberatern (RIA), auf die maßgeschneiderten Modellportfolios von BlackRock über die GeoWealth-Plattform zuzugreifen, die private Märkte, direkte Indizierung und festverzinsliche SMAs zusammen mit traditionellen ETFs und Investmentfonds umfasst. Die Integration nutzt das Multi-Investment-Workflow-Tool von iCapital, um das Investieren in alternative Vermögenswerte zu optimieren und einheitliche Handelsaufträge, automatisierte Prozesse und konsolidierte Kundenkommunikationen anzubieten.
- Integration enables new revenue stream through private asset offerings
- Expands BlackRock's market reach in the high-net-worth segment
- Streamlines operational efficiency through automated workflow tools
- None.
Insights
This partnership marks a significant advancement in wealth management technology, integrating private market investments into unified managed accounts - a capability previously fragmented and complex. The collaboration between BlackRock, iCapital and GeoWealth creates a streamlined infrastructure for RIAs to access alternative investments, potentially increasing BlackRock's market share in the growing alternatives space.
The integration should drive additional revenue streams through increased adoption of BlackRock's custom models and alternative investment products. This positions BlackRock strategically in the high-net-worth market segment, where demand for private market investments is rising. The platform's efficiency improvements could lead to higher assets under management and recurring fee income for BlackRock.
This technological integration addresses a important gap in the wealth management industry by simplifying the historically complex process of incorporating alternative investments into client portfolios. For BlackRock, this represents a competitive advantage in the rapidly evolving RIA channel, where advisors increasingly seek comprehensive portfolio solutions including private markets exposure.
The platform's ability to combine traditional and alternative investments in a single account structure reduces operational friction and could accelerate the democratization of alternative investments. This positions BlackRock to capture a larger share of the growing alternative investment market, estimated at trillions of dollars, while potentially increasing their fee revenue through higher-margin alternative products.
Collaboration equips RIAs with seamless UMA experience across all investment types for the first time.
With the partnership, GeoWealth, a proprietary technology and turnkey asset management platform (TAMP) serving the RIA channel, will provide advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management capabilities throughout the investment’s lifecycle, while iCapital’s Multi-Investment Workflow Tool streamlines the entire alternative assets investing experience.
“Modern RIAs require solutions to provide high-net-worth clients access to alternatives at scale," said Colin Falls, CEO of GeoWealth. “The industry is racing to solve the challenge of implementing alternatives into model portfolios, while GeoWealth’s proprietary UMA technology will make this possible. We look forward to continuing to work with BlackRock and iCapital to offer this practice-differentiating offering to RIAs.”
The integration streamlines access to BlackRock custom models that are intended to incorporate private markets, direct indexing and fixed income SMAs – in addition to traditionally offered ETFs and mutual funds – in a single account.
“Retail wealth investors are leading the adoption of private markets as they seek portfolios offering exposure to investments they cannot access via public markets and the potential for uncorrelated returns,” said Jaime Magyera, Co-Head of
iCapital’s technology, which notably reduces the complexity and multi-step process of investing in alternatives for the advisor and investor, includes unified trade orders across multiple investment products, intelligent automation, one-stop e-signature solutions, and consolidated client communications.
“iCapital’s technology was designed to advance the industry and enable efficient management of alternative investments in client portfolios, and this partnership underscores that mission,” said Lawrence Calcano, Chairman and CEO of iCapital. “We’re thrilled to be partnering with these two industry leaders to build out the infrastructure needed to support alternatives in the same accounts as the rest of the portfolio. Our deep integrations with GeoWealth and BlackRock will further transform the digital alternatives investing experience for advisors and their high-net-worth clients.”
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 1,675 people globally and has 17 offices worldwide, including
For more information, visit icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc/
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 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 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 https://www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
This material has been provided to you for informational purposes only by iCapital, Inc. and/or one of its affiliates including Institutional Capital Network, Inc. (collectively, “iCapital”). This material is the property of iCapital and may not be shared without its written permission. No part of this material may be reproduced in any form or referred to in any other publication without express written permission of iCapital. This is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation to employ a specific investment strategy, or as an offer to sell, a solicitation of an offer to purchase, or a recommendation of any interest in any fund or security. Security products and services are offered through iCapital Markets LLC, a registered broker/dealer, member FINRA and SIPC. Financial products made available by iCapital Markets LLC may be complex and/or speculative and are not suitable for all investors. iCapital Advisors, LLC is an investment adviser registered with the Securities and Exchange Commission and acts as an adviser to certain privately offered investment funds. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc.
© 2024 Institutional Capital Network, Inc. All Rights Reserved.
_________________________
1 iCapital, Inc., and its affiliates (together, “iCapital”)
2 As of September 30, 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029970843/en/
For media inquiries, please contact:
iCapital: 919-602-2806, icapital@neibartgroup.com
GeoWealth: Will Ruben, 847 208 8289, william@streetcredpr.com
BlackRock: Reem Jazar, 646-357-6135, reem.jazar@blackrock.com
Source: iCapital, Inc.
FAQ
What is the purpose of BlackRock's (BLK) partnership with GeoWealth and iCapital?
What new features does the BlackRock (BLK) and GeoWealth integration offer to RIAs?
How does iCapital's technology benefit BlackRock's (BLK) UMA platform?
