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With Brinker Capital its first big proof of concept, BlackRock moves Aladdin onto Microsoft's cloud to automate portfolios at the RIA-client level to surpass what it always did at the fund level

The Berwyn, Pa.-based $21-billion TAMP contracts for Aladdin portfolio construction help after BlackRock chooses Azure to maximize Aladdin to become a 'language'

Author Oisin Breen
May 11, 2020 at 10:47 PM
no description available
Larry Fink: We’re ... in short, making Aladdin the language of portfolio construction.

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Biz Briefs: Vanguard's tax-loss harvest yields a caveat• Vermont green with envy ... of red states? • CFP Board spends $12 million on bungee metaphor • BlackRock isn't neutral on Credit Suisse • Women are the Goliath of 'David' in UK finance

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March 25, 2023 at 1:32 AM

Biz Briefs: Schwab puts checks for $52 million in mail to robo-RIA customers allegedly misled about cash allocations • BlackRock blacklisted (again) • iShares beats NZAM-exiter Vanguard • Fidelity makes first acquisition in eight years • CFP board realizes Moms don't like CFPs

BlackRock gets Kentucky coal in stocking, and Vanguard keeps skating; iShares inches above -- by 2.8% -- Vanguard's annual net new ETF asset haul; Fidelity takes "natural next step" for stock plan business; new CFP chair outlines plans and the DOJ is set to become a major Robinhood shareholder..

January 13, 2023 at 3:01 AM

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'

August 9, 2022 at 1:57 AM

Vanguard Group shows up as 'alpha' disciple with two new fixed-income fund launches as it surpasses PIMCO's $2 trillion with ex-Goldman Sachs partner now calling the shots

The $8 trillion Malvern, Pa. manager owns beta investing, but RIAs are demanding higher income -- hence market timing and cherry picking -- from their fixed-income allocation.

August 10, 2021 at 11:46 PM

Steven Draper

Steven Draper

May 12, 2020 — 2:16 PM
BlackRock develops Aladdin and then buys E-Front for $1.3B for Alternatives. In 2018 - State Street bought Charles River for $2.6B; SS&C bought DST for $5.4B and Eze Software for $1.45B. What is really going on? Given the trends in asset management, they are positioning themselves to provide value-add to clients. Asset Managers will look to outsource more and these companies are building/buying the technical infrastructure to allow them to provide services higher-up up the value chain. In the wings are some stealth startup's who have identified this trend and feel that they can use an integrated ERP approach to be an innovator in this developing model. Will they really impact and reshape the technology base of the industry? Probably no, but they too could be bought for a large sum!

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