Goldman, BlackRock Tap GeoWealth to Offer RIAs Customized UMAs

Goldman Sachs and BlackRock have separately partnered with GeoWealth and its unified managed account (UMA) solutions in an effort to expand their respective appeal to RIAs and their high-net-worth clients.

Goldman Sachs Asset Management and GeoWealth will offer “open-architecture custom models,” designed with SMAs, ETFs, direct indexing, mutual funds, and alternatives to support RIAS in servicing high-net-worth clients. BlackRock, meanwhile, is teaming up with GeoWealth and iCapital to provide a “custom platform experience” for RIAs that would streamline access to private assets within UMAs. The solution will include workflows, reporting tools, and investment management capabilities that would integrate private markets, direct indexing and fixed income SMAs in a single account.

GeoWealth specializes in the creation of tech-enabled financial solutions that are customizable and diversified through its “open-architecture platform.”

View the press releases here:

https://geowealth.com/news/press-release-gsam-and-geowealth-announce-uma-partnership/

https://geowealth.com/news/press-release-geowealth-icapital-alternative-investments-in-umas/