Marstone has added BlackRock’s Model Portfolio Solutions on its digital wealth management platform.
This partnership with BlackRock enables strategies such as the Target Allocation ETF to be accessed by, and offered to, Marstone’s broad client base efficiently, and at scale.
“Partnerships with leading asset managers like BlackRock enable our institutional clients to offer differentiated investment strategies to their end-clients ensuring that as an individual’s financial profile evolves their needs can continue to be met by their preferred partners,” says Margaret J Hartigan, CEO and Founder, Marstone. “BlackRock’s Managed Portfolio Solutions is a perfect fit for Marstone as our clients seek to offer solutions from well-known and respected industry players. We continue to see tremendous interest in solutions that add ease to financial services and investment management, especially in the banking channel.”
Following an intensive review of Marstone’s model management capabilities, BlackRock’s model portfolios were made available to Marstone clients, with Marstone operating as a sub-advisor. In keeping with the company’s commitment to transparency, Marstone offers strategies from a select group of asset managers without charging any additional fees. BlackRock’s model portfolios are comprised of low cost, passive Exchange Traded Funds (ETFs) that are constantly monitored and updated several times per year.
