WANT IT ALL: BlackRock Buys Stake in SpiderRock Advisors
Posted on 07/14/2021
BlackRock Inc sought to boost its separately managed account offerings for wealth managers and financial advisers. BlackRock acquired a minority stake in SpiderRock Advisors. SpiderRock Advisors managed US$ 2.5 billion as of March 31, 2021 in options-based strategies in customized SMAs for U.S. wealthy individuals, the release said. BlackRock’s U.S. Wealth Advisory business primarily will […]
