BlackRock to Acquire FutureAdvisor
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BlackRock (BLK) Bolsters Investment, Risk Management Platform with FutureAdvisor Acquisition
August 26, 2015 9:03 AM EDTBlackRock (NYSE: BLK) has entered into a definitive agreement to acquire FutureAdvisor, a leader in digital wealth management.
FutureAdvisor will operate as a business within BlackRock Solutions (BRS), the firms world-class investment and risk management platform. The unit will provide financial institutions with high quality, technology-enabled advice capabilities to improve their clients investment experience.
The combined offering will enable financial institutions to grow their advisory businesses by leveraging technology to meet a growing consumer trend of engaging with technology to gain insights on their investment portfolios, including when making critical decisions around... More
