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FT Partners Advises BlackRock in its Acquisition of FutureAdvisor

Overview of Transaction

  • On August 26, 2015, BlackRock (NYSE: BLK) announced a definitive agreement to acquire 100% of FutureAdvisor
  • FutureAdvisor is a leading digital wealth management platform with technology-enabled investment advice capabilities
  • BlackRock offers investment management, risk management and advisory services to institutional and retail clients worldwide and has over $4.7tn in assets under management(1)
  • Following the transaction, FutureAdvisor will operate as a business within BlackRock Solutions ("BRS"), BlackRock's investment and risk management platform
  • The transaction is expected to close in Q4 2015

Significance of Transaction

  • Combines FutureAdvisor's tech-enabled advice capabilities with BRS' investment and risk management solutions
  • Enables BlackRock to provide a B2B digital advice platform, which helps financial institution partners both improve their clients' investment experiences and grow advisory assets
  • Empowers partners to meet the growing demand among consumers to engage with technology to gain insights on their investment portfolios
  • Demand is particularly strong among the mass-affluent, who account for ~30% of investable assets in the U.S.
  • Recognized as Corporate and Strategic Deal of the Year by The M&A Advisor

FT Partners' Role

  • FT Partners served as exclusive advisor to BlackRock
  • Highlights FT Partners' continued success advising a broad range of top-tier strategic investors across the financial technology landscape

(1) As of June 30, 2015