Avaloq and BlackRock’s Aladdin Wealth join forces for wealth managers in Europe and Asia

Rick Steves

“Our combined offering will make it extremely convenient for clients to implement and adopt Aladdin Wealth’s industry-leading capabilities as it will be deeply integrated with Avaloq’s core banking solutions.”

BlackRock office in US

BlackRock’s Aladdin Wealth business has formed a strategic partnership with Avaloq aimed at enhancing its investment technology solutions for wealth managers and private banks.

Avaloq offers front-to-back software and services for financial institutions around the world, managing around $4 trillion of client assets. BlackRock’s Aladdin Wealth platform provides sophisticated risk analytics and portfolio management capabilities for wealth management clients.

By combining Avaloq’s leading core banking, client relationship management, and mobile banking services with the Aladdin Wealth platform’s robust risk analytics and portfolio management capabilities, the two firms will look to deliver a solution for the entire client journey, encompassing onboarding, portfolio construction, client reporting, and risk management.

Digital portals, client onboarding, risk tools, portfolio, client journeys

Martin Greweldinger, Co-CEO of Avaloq, said: “Avaloq is excited to enter into this strategic partnership with BlackRock. Through our relationship with BlackRock and the integration of their Aladdin Wealth capabilities, Avaloq is further solidifying our commitment to providing innovative investment technology solutions for the wealth management industry. This partnership will help us empower our clients to streamline processes, enhance risk analytics, and make more informed portfolio decisions, ultimately delivering greater value to their clients.”

Venu Krishnamurthy, Global Head of Aladdin Wealth Tech, commented: “BlackRock and Avaloq joining forces will help clients reduce the complexity and friction inherent in many of today’s digital transformations. Our combined offering will make it extremely convenient for clients to implement and adopt Aladdin Wealth’s industry-leading capabilities as it will be deeply integrated with Avaloq’s core banking solutions.”

According to Avaloq and Aladdin Wealth, wealth management clients in Europe and Asia will benefit from access to an integrated wealth tech platform that unlocks the entire value chain including:

  • Digital portals that enhance the client experience
  • Comprehensive client reporting, powerful onboarding, and risk profiling tools
  • Scaled portfolio construction capability and advanced portfolio analytics technology
  • Unified data model providing consistency throughout client journeys

Tomoki Kubo, Chairman at Avaloq, as well as Corporate SVP and Head of the Digital Finance Global Business Unit, said: “We are delighted to have BlackRock’s investment in Avaloq as it demonstrates their recognition of the value and potential of Avaloq’s wealth management technology solutions. This collaboration will not only fortify NEC’s strengthened position in the realm of digital finance but also reinforce its unwavering commitment to orchestrating a brighter world. NEC looks forward to working with BlackRock to grow the Avaloq business.”

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