Money Makers Mentor

BlackRock Acquires Aperio for $1 Billion

One of the world’s largest investment platforms, BlackRock Inc., has acquired wealth management company Aperio Group LLC for a cash deal of $1.05 billion. The acquisition will be funded from existing corporate liquidity and is expected to close in the first quarter of 2021.

Aperio has previously been owned by Golden Gate Capital, and BlackRock plans to keep the brand just as it is. The firm will keep the Aperio brand and all it represents. In terms of organization, Aperio will become part of BlackRock’s US Wealth Advisory division.

The management team will see some changes, however it seems as though there will be no major replacements. Both the Chief of Staff Liz Michaels and Chief Investment Officer Ran Leshem will become co-heads of Aperio’s business unit. CEO of Aperio, Patrick …

Leave A Reply

Your email address will not be published.