BlackRock (BLK) Acquires SpiderRock, Boosts SMA Offerings

BlackRock Inc. (BLK) has completed the acquisition of SpiderRock Advisors, LLC, which is a leading provider of option overlay-based strategies for separately managed accounts (SMAs). This strengthens the company’s capabilities to provide a robust platform to its clients with customized SMA solutions.SpiderRock will be integrated into BlackRock’s U.S. Wealth Advisory business, which managed $186 billion in U.S. Wealth SMAs as of Dec 31, 2023.Eve Cout, head of the Portfolio Design & Solutions pillar of BlackR ...