BlackRock Buys FutureAdvisor, Bolstering Robo Capability

Money manager chases Fidelity into automated portfolio construction.


BlackRock has reportedly bought robo-advisor software startup FutureAdvisor in a play to target young wealth management clients.

The deal will see FutureAdvisor — which generates client portfolios based on investment objectives, income, and tax at lower fees — integrated into BlackRock Solutions, which is a separate business from BlockRock's $4.7 trillion asset management arm.

FutureAdvisor is valued at between $150 and $200 million, after starting life as a startup at San Francisco's Y Combinator, and will continue to operate on a separate stack following the buy. The move comes after Fidelity introduced Betterment, another robo-advisor, into its Institutional Wealth Services business in 2014.

Other brokers have developed similar capabilities in-house as the technology continues to gain favor among diversified buy-side giants.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: