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Markets  + ETFs  |  June 7, 2024
Blackrock, OneVest Collaborate to Deliver Model Portfolios
Joe Palmisano
By: Joe Palmisano

Blackrock, OneVest Collaborate to Deliver Model Portfolios

Advisors utilizing OneVest, a wealth management platform provider, will soon be able to access model portfolios built from BlackRock exchange-traded funds, including one of the first Bitcoin ETFs.

OneVest customers will be able to access BlackRock’s iShares Strategic Allocation ETF Models.

OneVest, based in Toronto, said its new relationship makes BlackRock the first asset manager to offer model portfolios on its model marketplace, which provides institutionally managed investment solutions to financial institutions such as client onboarding, portfolio management, and analytics.

“This collaboration aligns with BlackRock’s purpose to help more and more people experience financial well-being,” Helen Hayes, head of iShares Canada at BlackRock, said. “By offering our Strategic Asset Allocation ETF models through OneVest’s innovative platform, we aim to help a broader range of investors access low-cost diversified portfolios with confidence and ease.”

Meanwhile, BlackRock’s newly launched spot Bitcoin ETF, iShares Bitcoin Trust, held $19.68 billion of the token as of last week, making it the largest fund for Bitcoin, according to Bloomberg.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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