Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets Monthly Alts Pulse Ep. 15: Live from iCapital Connect - announcing the BlackRock, iCapital, GeoWealth unified managed account partnership
May 2, 2025
Jaime Magyera, Managing Director at BlackRock, discusses a groundbreaking partnership with iCapital and GeoWealth. They unveil a new unified managed account (UMA) that streamlines public and private market investments for wealth advisors. Magyera highlights the current challenges advisors face in allocating private investments and emphasizes the importance of scalability and customization. The conversation also explores the evolving market structure and the future of integrating public-private models, aiming to enhance portfolio efficiency for clients.
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Unified Portfolio Management Innovation
- Integrating public and private markets in a single UMA simplifies advisors' portfolio management.
- This unified approach expands advisors' capabilities to better serve clients holistically.
Meeting Advisors Where They Are
- Advisors are moving past early adoption and want simpler private market access.
- Model portfolios with public and private assets meet advisors where they are comfortably working.
Advisors Should Leverage Custom Models
- Use model portfolios to reduce advisor workload on rebalancing and administration.
- Customize portfolios to retain advisor input while freeing time to focus on clients.