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Stock impact report

BlackRock Completes Acquisition of SpiderRock Advisors

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Business Wire
NEW YORK & CHICAGO--(BUSINESS WIRE)--BlackRock (NYSE: BLK) today announced the completion of its acquisition of SpiderRock Advisors, LLC, a leading provider of option overlay-based strategies for separately managed accounts (SMAs). The acquisition strengthens BlackRock’s ability to deliver a robust platform of SMA solutions and customization capabilities to financial advisors and clients.SpiderRock Advisors will be integrated into BlackRock’s U.S. Wealth Advisory business, which manages $186 billion in U.S. Wealth SMAs as of December 2023.“This strategic move expands on our commitment to meeting the evolving needs of wealth managers and their clients,” said Joe DeVico, Co-Head of BlackRock’s U.S. Wealth Advisory business. “We are excited to finalize the acquisition of SpiderRock Advisors, further solidifying BlackRock’s leadership in SMA solutions.”“SpiderRock complements BlackRock’s existing SMA product portfolio and the completion of this acquisition further enhances our ability Show less Read more
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