Asset Management

BlackRock looks ahead with FutureAdvisor

The world's largest asset manager aims to make its recent acquisition the robo-adviser standard

The world's largest asset manager aims to make its recent acquisition the robo-adviser standard
The world's largest asset manager aims to make its recent acquisition the robo-adviser standard

Asset manager BlackRock is preparing to launch a robo-advisory service in Europe later in 2016 a huge vote of confidence in the technology.

The world's largest asset manager entered the fray in August with the purchase of US-based FutureAdvisor, founded in 2012 by former Microsoft software engineers Bo Lu and Jon Xu. Assets under management at FutureAdvisor have risen by a quarter to $750 million since BlackRock's deal.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump