BlackRock has partnered with fintech firm Artivest to provide qualified investors broader distribution and better access to its alternative investment strategies.
Artivest’s investment platform connects a wider audience of investors with alternative investment opportunities that have traditionally been available only to institutional investors.
The deal will enable advisors to access BlackRock’s private infrastructure investment opportunities.
The partnership will also provide the advisor community with a custom site for secure review of select BlackRock offerings; specialised access funds for lower-minimum investing; streamlined online processes for client onboarding and reporting; and educational content and full-service support to make complex strategies more accessible., the companies said in joint statement.
Hollie Fagan, head of BlackRock’s RIA business, said: “This relationship is a first-of-its kind for BlackRock and highlights our continued focus on providing leading portfolio solutions to our advisors and their clients. RIAs in particular are placing a greater emphasis on illiquid alternatives to insulate their clients from market volatility while seeking to deliver competitive market returns.”
Artivest founder and CEO James Waldinger said: “BlackRock is not only the largest asset manager, but is also among the industry’s leading innovators. We’re thrilled to be working together with their world-class team to bring next-generation alternative investment solutions to BlackRock’s vast network of advisory clients at scale.”
BlackRock has approximately $120bn in assets under management across alternative investment strategies.