BlackRock Completes Acquisition of Aperio
February 01 2021 - 4:00PM
Business Wire
Combination Sets a New Standard for
Personalized Whole Portfolio Solutions in the Separately Managed
Account Market
BlackRock, Inc. (NYSE: BLK) has completed the acquisition of
Aperio, a pioneer in customizing tax-optimized index equity
separately managed accounts (SMAs), from Golden Gate Capital and
Aperio employees. The combination expands the breadth of
BlackRock’s personalization capabilities via tax-managed strategies
across factors, broad market indexing, and investor ESG
preferences.
“Completion of the Aperio transaction accelerates BlackRock’s
ambition to lead the industry from ‘one size fits all’ to ‘one size
fits one’ – a portfolio that is hyper-personalized to reflect an
investor’s unique risk, tax, and personal values preferences,” said
Martin Small, head of BlackRock’s U.S. Wealth Advisory business.
“We are excited to welcome the talented Aperio team to
BlackRock.”
“Working with BlackRock, we will be able to enhance Aperio’s
bespoke problem-solving capabilities for our current clients and
expand our reach across wealth managers serving ultra-high net
worth families and institutions,” said Aperio Co-heads, Liz
Michaels and Ran Leshem. “We look forward to Aperio’s next chapter
as part of BlackRock.”
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
About Aperio
Aperio Group LLC is based in Sausalito, California. Its mission
is to reconfigure wealth management by embracing the unique needs
of each investor, including the impact s/he may want to have on the
world while incorporating the impact of taxes so much of the
investment industry would prefer to ignore. Aperio is a pioneer in
custom index equity portfolios delivering tax optimization,
targeted risk factors or ESG (environmental, social, and
governance) values and shareholder engagement. As an investment
manager, Aperio provides high-touch client service to both taxable
and tax-exempt investors across a broad range of US and
international strategies. For additional information on Aperio,
please visit www.Aperiogroup.com | Blog:
https://www.Aperiogroup.com/blogs | LinkedIn:
www.linkedin.com/company/Aperio-group-llc
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version on businesswire.com: https://www.businesswire.com/news/home/20210201005902/en/
Media: Aziz Nayani Phone: (646) 231-0809 Email:
Aziz.Nayani@BlackRock.com
Investor Relations: Samantha Tortora Phone: (212)
810-5397 Email: Samantha.Tortora@BlackRock.com
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