Wealthtech

BlackRock and Avaloq Form Strategic Investment Solution Partnership

Avaloq and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks. As part of the strategic partnership, BlackRock is making a minority investment in Avaloq.

This collaboration will enable wealth managers and private banks to enhance their operations throughout the entire client journey, encompassing onboarding, portfolio construction, client reporting and risk management. By combining Avaloq’s leading core banking, client relationship management and mobile banking services with the Aladdin Wealth platform’s robust risk analytics and portfolio management capabilities, the two firms aim to deliver one of the most advanced technology offerings available to the wealth industry.

Martin Greweldinger

“Avaloq is excited to enter into this strategic partnership with BlackRock. Through our relationship with BlackRock and the integration of their Aladdin Wealth capabilities, Avaloq is further solidifying our commitment to providing innovative investment technology solutions for the wealth management industry. This partnership will help us empower our clients to streamline processes, enhance risk analytics, and make more informed portfolio decisions, ultimately delivering greater value to their clients.”

said Martin Greweldinger, Co-CEO of Avaloq.

Venu Krishnamurthy,

“BlackRock and Avaloq joining forces will help clients reduce the complexity and friction inherent in many of today’s digital transformations. Our combined offering will make it extremely convenient for clients to implement and adopt Aladdin Wealth’s industry-leading capabilities as it will be deeply integrated with Avaloq’s core banking solutions,”

said Venu Krishnamurthy, Global Head of Aladdin Wealth Tech.

Wealth management clients in Europe and Asia will benefit from access to an integrated wealth tech platform that unlocks the entire value chain including:

Digital portals that enhance the client experience
Comprehensive client reporting, powerful onboarding, and risk profiling tools
Scaled portfolio construction capability and advanced portfolio analytics technology
Unified data model providing consistency throughout client journeys

Featured image credit: Edited from freepik