Webull, a St. Petersburg, Fla.-based on-line funding platform, has expanded its advisory providers with the addition of BlackRock mannequin portfolios to its product lineup.
To entry the portfolios, Webull customers can choose an funding technique by finishing a threat tolerance questionnaire. After that, they’re matched to a mannequin portfolio most aligned with their targets. WeBull Advisors routinely rebalances and actively oversees the accounts.
Based on its most up-to-date type ADV, Webull Advisors is an SEC-registered advisor with $33.6 million in regulatory AUM for 136,277 shoppers. It supplies a “vary of diversified portfolios spanning a number of asset lessons, together with alternate options and digital property, tailor-made to fulfill various threat appetites and monetary targets.”
The corporate just lately went public through a SPAC. Total, Webull helps 23 million clients and virtually $14 billion in property.
“By integrating BlackRock’s mannequin portfolio capabilities into our advisory platform, we’re increasing entry to high-quality, professionally managed mannequin portfolios that align with a various vary of economic objectives and threat appetites,” Webull Advisors CEO Sara Schwartz mentioned in a press release.
“As an increasing number of Individuals start to take a position, the launch of BlackRock customized mannequin portfolios on Webull’s platform allows people extra option to in the end ship in opposition to a spread of investing objectives in a simplified and streamlined method,” Amy Jenkins, head of U.S. direct investing at BlackRock, mentioned in a press release. “This new providing additionally delivers on BlackRock’s mission, to assist extra individuals construct wealth that serve them all through their lives by making investing simpler and extra accessible.”
Webull was based 2018 as an equities-trading platform. It later added choices and a yr in the past, Webull Monetary started providing futures and commodities buying and selling.
