Company report just out, says; " Aperio, a direct competitor of Fyniti, was recently acquired by BlackRock for $1.05 billion. Aperio offers only one aspect of what Fyniti’s platform can do, which is tax loss harvesting, and does not enable customization or direct investing, as Fyniti’s platform does. In our view, this is indicative of the massive potential Fyniti offers – in terms of its acquisition potential, should SMC ever choose to sell Fyniti, its monetization potential as a SaaS, and its capability to unseat RIAs, money managers and stock analysts and be a major disruptor in the wealth management space. SMC is seeking viable acquisition targets on a daily basis and is further pursuing multibillion dollar international opportunities related to its Fyniti platform. We believe this company is poised to explode and become a major player and disruptor in the fintech realm, in terms of its wealth management disruption potential and far beyond.
Google: About Blackrock, "BlackRock is the world's largest asset manager with $10 trillion currently in its portfolio. According to Marketwatch, there is currently around $40 trillion in circulation around the world — which means BlackRock manages a quarter of the world's money."
Why is BlackRock so rich? By leveraging technology, data analytics, and a focus on passive index investing, BlackRock has become one of the world's largest and most powerful financial firms. BlackRock's business model has transformed the investment management industry, and its influence will likely continue for years. Jun 20, 2023