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The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Ascot Lloyd Investment Management, BlackRock
Ascot Lloyd, a
private equity-backed UK financial advice firm, has signed a deal
with investment giant BlackRock that will see its
£2.8 billion ($3.8 billion) investment arm only use the asset
manager”s strategies.
Under the new arrangement, Ascot Lloyd Investment Management
(ALIM) will transition from a multi-manager model to a single
investment management structure with BlackRock. This will provide
ALIM clients with access to BlackRock’s investment solutions
across a range of asset classes, brought together by the ALIM
investment team. Changing to a single investment provider is
expected to deliver cost efficiencies. By bringing assets
together under one manager, ALIM said it will be able to manage
the total cost of investment for clients, reflecting its
commitment to ensuring that clients receive access to a diverse
range of strategies to meet their needs at a fair price.
BlackRock, which has about $15.3 trillion in assets under
management, has investment expertise across active, index and
alternative strategies, underpinned by its risk analytics and
technology capabilities through the BlackRock Aladdin(®)
platform. The proposition will become effective by the end of the
year.
Since its inception in 2014, Ascot Lloyd IM has grown to manage
over £2.8 billion ($3.8 billion) in assets, collaborating with
financial advisors to deliver risk-targeted managed investment
solutions. Its product range includes multi-asset and
multi-manager funds, a model portfolio service, and a private
wealth solution for more customised client needs.
