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.
