The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Envestnet has gone live with BlackRock custom model portfolios for RIAs.

The back office/software/TAMP and data giant unveiled the arrangement with BlackRock at its Elevate conference in Las Vegas this week. 

RIAs will gain fast access to BlackRock's custom model capabilities, managed within a single account and powered by Envestnet's Unified Managed Account (UMA) technology, Envestnet said. 

In addition to traditional public markets exchange-traded funds, these portfolios are expected to include separately managed accounts (SMAs), private markets and other alternative exposures soon, the firm said. 

Envestnet has worked with BlackRock, the world’s largest asset manager ($11.6 trillion in AuM), for a decade.