BlackRock, Inc. has completed the acquisition of Aperio, a pioneer in customizing tax-optimized index equity separately managed accounts (SMAs), from Golden Gate Capital and Aperio employees. The combination expands the breadth of BlackRock’s personalization capabilities via tax-managed strategies across factors, broad market indexing, and investor ESG preferences.
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“Completion of the Aperio transaction accelerates BlackRock’s ambition to lead the industry from ‘one size fits all’ to ‘one size fits one’ – a portfolio that is hyper-personalized to reflect an investor’s unique risk, tax, and personal values preferences,” said Martin Small, head of BlackRock’s U.S. Wealth Advisory business. “We are excited to welcome the talented Aperio team to BlackRock.”
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“Working with BlackRock, we will be able to enhance Aperio’s bespoke problem-solving capabilities for our current clients and expand our reach across wealth managers serving ultra-high net worth families and institutions,” said Aperio Co-heads, Liz Michaels and Ran Leshem. “We look forward to Aperio’s next chapter as part of BlackRock.”
