The goal of the alliance between BlackRock and BCP Global is to provide investment solutions to financial advisors or wealth managers in Latin America, including banks and other intermediary institutions.
BlackRock, which is one of the leading investment management firms globally, announced a new collaboration with BCP Global, a company providing digital solutions for Latin American financial institutions operating in the United States.
This partnership will enable banks and financial advisors to offer model portfolios designed by BlackRock to a broader audience of investors, thanks to the new digital tools provided by the fintech.
“Investing internationally for Latin Americans has always had higher barriers, making it accessible to a more limited group of people,” explained Federico Moncaleano, BlackRock’s Latam Distribution Director, in an interview with DFSUD.
With this, the executive affirmed their commitment to bring the world of investments to a greater number of people.
BCP Global, with 13 years of experience in providing technology-based investment solutions and serving Latin American investors from its base in Miami, will play a fundamental role in this collaboration.
“We are confident that our extensive experience in creating comprehensive digital solutions, combined with BlackRock’s model portfolio investment solutions, will play a key role in making investments simpler and more accessible,” emphasized Santiago Maggi, Co-founder and COO of BCP Global.
According to the BlackRock executive, model portfolios will be offered, primarily implemented through exchange-traded funds (ETFs).
This means that investors can access various investment strategies based on their risk profile and desired exposures, adjusting the risk percentage in equity and fixed income.
This way, a portfolio manager working with BCP can offer, for example, a balanced approach portfolio investing globally in both fixed income and equity; while another may choose to invest in portfolios with a focus on sustainability, explained Moncaleano.
Regarding the prospects of the alliance between BlackRock and BCP Global, Moncaleano believes that the wealth management industry in the region is continually developing.
These new fund manager solutions are aimed at wealth investors seeking to access global investment opportunities through accounts in the United States, with amounts starting from USD $10,000.
BlackRock, founded in 1988 and present in Latin America since the 1990s, has an established presence in Brazil, Chile, Colombia, and Mexico, with almost 30 years of experience in the region.
