RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

BlackRock's audacious Microsoft hook-up reveals fee-compression busting pivot to annuities sales and software distribution, as eMoney and Envestnet deals increasingly make sense, but analysts warn of existential RIA risk if Vanguard et al. join the fray

Next

Author Oisin Breen January 3, 2019 at 7:28 PM
1 Comment
no description available
Larry Fink (BlackRock CEO): Retirement systems worldwide are under stress and providing financial security to retirees has become one of the most defining societal challenges of our time. Working with Microsoft will enable us to build a powerful solution for millions of hardworking Americans.

Black Rock

|

RetireOne


Brian Murphy

Brian Murphy

January 4, 2019 — 1:01 AM
This should be entertaining to watch. Problem is that in order to deliver the correct solution to end users, BlackRock and MSFT would need to move beyond products to generalized solutions, which I suspect BlackRock is not yet willing to do. As noted, packaging up iShares products with an insurance wrapper might be a viable solution, but looking at the problem from a product perspective isn't moving the ball forward - nor any sort of a gamechanger. It's just finding another use for a screwdriver. And that's the bigger problem for "disruptions" from inside the industry - they often aren't.

Related Moves

May 15, 2024 at 12:48 AM

Bill Crager makes critical hire of 'step back from the numbers,' Joshua Warren, replacing 'brother' Pete D'Arrigo at CFO; Warren had a big role at BlackRock -- Envestnet's biggest stakeholder

The Envestnet CEO gets 'very, very impressive' 43 year-old BlackRock exec; the New York asset manager happens to be Envestnet's largest stakeholder.

September 27, 2023 at 2:48 AM

How Edelman Financial Engines spin-off deal became a RetireOne engine that's heating up the RIA annuity game again

The fee-based annuities marketplace of Aria Retirement Solutions adds Edelman's broker-dealer, 6,000 clients, 'hundreds of millions' in client assets and an old hand

November 20, 2019 at 10:19 PM


Mentioned in this article:

RetireOne
Consulting Firm, Specialized Breakaway Service, Insurance
Top Executive: David Stone



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.