Vestmark Teams with BlackRock to Enhance Custom Model Portfolio Offerings

Core Insights - Vestmark has announced a commercial partnership with BlackRock to enhance custom model portfolio solutions for registered investment advisors (RIAs) [1][2] - The partnership combines Vestmark's tax management capabilities with BlackRock's portfolio construction capabilities, providing financial advisors with personalized investment solutions [1][2] - Vestmark's Unified Managed Account (UMA) platform will integrate various investment vehicles, allowing for efficient management within a single custodian account [2] Company Overview - Vestmark is a leading provider of wealth management software and services, headquartered in Wakefield, Massachusetts, and founded in 2001 [4] - The company supports over $1.5 trillion in assets and 5.5 million accounts, partnering with some of the largest wealth management firms [4] - Vestmark's technology supports six of the ten largest managed account platforms in the industry, with over 65,000 advisors accessing more than 1,200 strategies [3] Partnership Details - BlackRock will offer its range of standard and RIA custom model portfolios through Vestmark's Manager Marketplace, enhancing the investment strategies available to wealth managers [1][2] - The collaboration reflects both companies' commitment to innovation and growth in the model portfolio business, which is increasingly favored by advisors [2][3] - The partnership aims to provide advisors with valuable tools and resources to build diversified portfolios using mutual funds, ETFs, and SMAs [3]