• Simplified Access Made Possible by GeoWealth and iCapital’s Technology

• Models provide customizable access to private markets alongside public markets in a single account

BlackRock has gone live with a first-of-its-kind customizable public-private model portfolio within a Unified Managed Account (UMA). The models are powered by GeoWealth’s UMA technology and supported by iCapital’s underlying technology capabilities.

The launch marks the first time a customizable model portfolio that includes access to both private and public market assets is available through a UMA, featuring streamlined administration and custodial integration.

Advisors are increasingly turning to models-based solutions to meet demands for more tailored products and access to diversified exposures. This collaboration is designed to simplify and enhance advisors’ ability to allocate across public and private markets.

“This launch represents a significant step forward, helping advisors allocate across both public and private markets all in one unified, professionally managed portfolio,” said Jaime Magyera, Co-Head of BlackRock’s U.S. Wealth Advisory Business. “BlackRock’s mission is to make investing easier and help more people access the full power of capital markets. Through our partnership with GeoWealth and iCapital, we are doing just that, helping advisors deliver differentiated service and outcomes for their clients across their whole portfolio.”

BlackRock is a leading provider of models, with approximately $300 billion in assets in such models, globally. As more RIAs adopt model portfolios into their practices, managed models present a significant growth opportunity, driven by the customization, efficiency and scalability of these solutions. BlackRock expects managed model portfolios to roughly double in assets over the next four years, growing from $5 trillion today into a $10 trillion business. BlackRock’s custom models business is its fastest growing models segment, accounting for $50 billion in new assets over the past 5 years.

“We are proud to support the launch of the first customizable public-private model portfolio within a Unified Managed Account (UMA). This innovative solution enables advisors to easily incorporate alternative investments into their investment strategies for their clients in a simplified way, within a single account,” said Lawrence Calcano, Chairman and CEO of iCapital. “We believe models will be an important way for advisors to allocate to private markets, and iCapital’s underlying technology allows our clients to customize what they want to buy or deliver into the market.”