Core Insights - Envestnet has launched BlackRock custom model portfolios for registered investment advisors (RIAs) at its Elevate conference, enhancing portfolio customization capabilities [1][2]. Group 1: Offering Details - The new offering provides RIAs with streamlined access to BlackRock's custom model capabilities, including traditional public markets ETFs, mutual funds, Separately Managed Accounts (SMAs), and alternative exposures [2]. - This collaboration combines BlackRock's portfolio design and risk management expertise with Envestnet's managed account platform, allowing RIAs to deliver personalized and tax-efficient investment strategies [2][3]. Group 2: Strategic Benefits - The enhanced offering aims to provide advisors and clients with access to institutional-quality portfolios, fostering more strategic and personalized advisor-client relationships [4]. - RIAs can scale their practices more efficiently, reduce operational risk, and focus more on client relationships, as firms allocating over 75% of their practice to model portfolios achieve higher valuations [4]. Group 3: Market Position and Growth - BlackRock is a leading provider of model portfolios, managing approximately $300 billion in assets globally, with expectations for managed model portfolios to double from $5 trillion to $10 trillion over the next four years [6]. - Envestnet has approximately $6.5 trillion in platform assets and serves over one-third of all financial advisors, indicating its significant role in the wealth management industry [7].