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UBS FAs Score First Access to BlackRock Platform

By Alex Padalka May 9, 2017

Advisors at UBS Wealth Management Americas will soon get access to BlackRock’s risk management and portfolio construction platform, according to a press release from UBS.

UBS will be the first U.S. wealth management practice to get access to BlackRock’s Aladdin, the factor-based multi-asset risk analytics platform BlackRock offers to institutional investors, according to the press release. The two firms are currently customizing the platform for UBS’s private client unit, UBS says. BlackRock and UBS didn’t disclose the financial terms of the deal in the press release.

Aladdin Risk for Wealth Management will first be available this summer to UBS advisors on discretionary portfolios but will then be extended to more financial advisors and types of client portfolios, according to the press release.

Aladdin will also be offered to UBS’s home office staff, the company says. This will let home office better gauge client portfolio risk and tailor guidance to advisors accordingly, Brian Hull, head of UBS WMA Client Advisory Group, says in the press release.

For UBS, the BlackRock partnership is part of a broader digital strategy in its Wealth Management Americas unit, the firm says in the press release. UBS has also recently launched a research and innovation lab in partnership with robo-advice provider SigFig. Last year, UBS said it’s developing a robo-advice platform with SigFig.