Advisors rule.

InvestmentNews reports that BlackRock is working to develop an RIA advisory council over the next few months.

The article quotes Sue Thompson, head of the RIA and institutional asset management channels, who told the trade publication that "the council will help BlackRock better understand the needs of advisers and how to better serve those needs, Ms. Thompson said. The size of the council and which RIAs will be included are still being determined."

The asset giant is now reaching out to RIAs for help in developing new products, according to InvestmentNews. For example, the recently launched iShares Enhanced U.S. Large-Cap ETF and the iShares Enhanced U.S. Small-Cap ETF both were developed in collaboration with a group of RIAs.

Read more in InvestmentNews. 

Edited by: Tommy Fernandez


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