BlackRock Completes Acquisition of SpiderRock Advisors-February 2024-www.financetom.com

BlackRock Completes Acquisition of SpiderRock Advisors

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BlackRock Completes Acquisition of SpiderRock Advisors

May 1, 2024 8:50 AM

11:35 AM EDT, 05/01/2024 (MT Newswires) -- BlackRock ( BLK ) said Wednesday that it has completed its acquisition of SpiderRock Advisors, which provides option overlay-based strategies for separately managed accounts.

Financial terms were not disclosed. SpiderRock will be integrated into its US Wealth Advisory business, BlackRock ( BLK ) said.

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