BlackRock finalizes acquisition of SpiderRock Advisors, LLC to strengthen SMA solutions
05/01/24, 1:03 PM
Location
Industry
lending
fintech
financial services
financial services
BlackRock, a leading provider of financial technology and investment management services, has completed the acquisition of SpiderRock Advisors, LLC, a Chicago-based asset management firm specializing in customized option overlay strategies. This acquisition enhances BlackRock’s capabilities in delivering robust separately managed account solutions to wealth managers and their clients, reinforcing its commitment to meeting evolving needs in the wealth advisory market.