BlackRock acquires full ownership of SpiderRock Advisors to expand SMA services.

BlackRock, the world's largest asset manager, is set to expand its separately managed accounts (SMA) services with the acquisition of SpiderRock Advisors. The deal, expected to close in July, sees BlackRock increase its stake from the 25% acquired in 2021 to 100% ownership. SpiderRock, founded in 2015, manages around $4.8bn in client assets and offers customized option overlay strategies for financial advisors and institutional investors.

March 08, 2024
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