BlackRock Will Acquire SpiderRock


March 28, 2024

On March 8, 2024, BlackRock announced that it will acquire SpiderRock.

BlackRock, Inc. (“BlackRock”) announced on March 8, 2024 that it will acquire the remaining equity interest in SpiderRock Advisors (“SRA”). BlackRock made a minority investment in SRA in July 2021. With this transaction, SRA’s team will be fully integrated into BlackRock’s U.S. Wealth Advisory business. Further terms of the transaction were not disclosed.

BlackRock (NYSE: BLK), based in New York City, is an investment management firm. As of January 2024, BlackRock had approximately $10 trillion in assets under management.

SpiderRock, based in Chicago, is an asset management firm that provides option overlay strategies to financial advisors and institutions. SpiderRock manages approximately $4.8 billion in assets for registered investment adviser firms, family offices, national broker/dealers and institutional channels.

To read the press release: please click here.

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