BlackRock to Scrap FutureAdvisor’s Retail Business, Transfer Clients to Ritholtz

BlackRock plans to close the retail business of FutureAdvisor, the robo-advisor it bought in 2015. The giant asset manager will transfer its FutureAdvisor retail accounts later this year to Ritholtz Wealth Management, a registered investment advisor firm based in New York, representatives for the companies confirmed. BlackRock and Ritholtz did not disclose terms of the deal. When… Free Registration Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please provide the information below so we can confirm that you work in the industry. All fields are required. If you’re not a wealth management professional, you can find other great financial content at barrons.com . If you have any questions, please contact us a advisor.editors@barrons.com

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