BlackRock and Vestmark Partner to Enhance Custom Model Portfolios

Vestmark and BlackRock have struck a new commercial partnership that will combine Vestmark’s tax management capabilities across equities, exchange-traded funds and separately managed accounts with BlackRock’s custom model portfolio construction methodology.

The goal of the collaboration, according to the announcement, is to give financial advisors greater flexibility to offer investment solutions personalized for clients’ tax management needs at increasing scale.

Through the partnership, BlackRock will offer its range of standard and RIA custom model portfolios through Vestmark’s Manager Marketplace. The Vestmark platform is used by wealth managers to access and deploy a variety of investment strategies.

Wealth managers accessing BlackRock model portfolios will also gain access to Vestmark VAST, according to the announcement. It is described as a scalable program providing personalization and tax management resources to growth-focused advisory professionals.

The collaboration also relies on Vestmark’s unified managed account platform, which integrates the implementation of mutual funds, ETFs, equity separately managed accounts, fixed income separately managed accounts and alternatives within a single custodian account.