Digital advice provider Marstone has partnered with BlackRock to offer their Model Portfolio Solutions on its platform. The model portfolios are made up of low-cost, passive exchange traded funds. Marstone will serve as subadvisor.
Marstone offers strategies from a select group of asset managers without charging additional fees to its clients.
Marstone has partnered with many firms and provided a white-labeled version of its wealth management platform. Most recently, HSBC Bank USA partnered with the company to develop HSBC Wealth Track, a software-based investment advice platform.
“We continue to see tremendous interest in solutions that add ease to financial services and investment management, especially in the banking channel,” said Margaret Hartigan, CEO and founder of Marstone.