Vestmark, Inc., a leading provider of wealth management software and services, announced a commercial partnership with BlackRock to enhance custom model portfolio solutions for registered investment advisors (RIAs). By combining Vestmark VAST’s tax management capabilities across equities, ETFs, and separately managed accounts (SMAs) with BlackRock’s extensive custom model portfolio construction capabilities, this partnership empowers financial advisors with the flexibility to offer investment solutions personalized for tax at scale.
Through this partnership, BlackRock will offer its range of standard and RIA custom model portfolios, all managed and rebalanced, through Vestmark’s Manager Marketplace. Vestmark’s platform allows wealth managers to access and deploy a variety of investment strategies available.
An essential component of this partnership is Vestmark’s Unified Managed Account (UMA) platform. This platform integrates the implementation of mutual funds, ETFs, equity separately managed accounts (SMAs), fixed-income SMAs, and alternatives within a single custodian account.
“Partnering with BlackRock underscores the trust and confidence that many of the industry’s leading firms have in Vestmark’s capabilities,” said Karl Roessner, CEO of Vestmark. “This collaboration strengthens our position as a prominent solution that combines advanced portfolio management with tax management capabilities. We are excited to offer our unique UMA proposition to advisors, providing an innovative, sophisticated solution to help meet their clients’ diverse needs.”
The solutions resulting from this partnership will offer advisors access to a comprehensive suite of model portfolios. Wealth managers accessing BlackRock model portfolios will also gain access to Vestmark VAST®, an innovative solution providing personalization and tax management at scale. The collaboration with BlackRock reflects both companies’ commitment to innovation and growth in the model portfolio business, a growing vehicle of choice for advisors.
“Collaborating with Vestmark allows us to continue expanding choice to RIAs who want our portfolio design solutions,” said Eve Cout, Head of Portfolio Design & Solutions within BlackRock’s U.S. Wealth Advisory business. “This effort aligns with BlackRock’s commitment to providing advisors with valuable tools and resources. By leveraging Vestmark’s technology, we can help RIAs build portfolios combining mutual funds, ETFs and SMAs.”
Vestmark supports six of the ten largest managed account platforms in the industry, with $1.5 trillion in assets flowing through its platform. More than 65,000 advisors supported by Vestmark technology have access to a model marketplace with more than 1,200 strategies.
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