Announced
Completed
Financials
Tags
asset management
wealth management
United States
Asset Managers and Custodians
Acquisition
Majority
Private
Private Equity
Domestic
Friendly
Single Bidder
Completed
Synopsis
BlackRock, an American multinational investment company, completed the acquisition of the remaining stake in SpiderRock Advisors, an asset management firm. Financial terms were not disclosed. “We are excited to partner with BlackRock and broaden access to innovative option management solutions. Together, we aim to empower more advisors in delivering tailored option overlay strategies to their clients,” Eric Metz, SpiderRock Advisors President and Chief Investment Officer.
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