Standard Chartered adds BlackRock Aladdin tools to wealth platform

Standard Chartered has announced a global collaboration with BlackRock’s Aladdin Wealth to add portfolio analytics and risk-management capabilities to its myWealth Advisor platform. The bank said the rollout will begin in Singapore and Hong Kong for Priority, Priority Private and Private Banking clients, with further markets planned over time.

The arrangement extends Standard Chartered’s existing relationship with BlackRock and is aimed at giving relationship managers and investment advisers a broader set of tools for client portfolio discussions. The bank said the integration is part of its continued spending on digital capabilities for wealth management.

Aladdin Wealth is BlackRock’s technology platform for wealth managers. According to Standard Chartered, the system will bring risk and return analysis across asset classes including equities, fixed income, funds, exchange traded funds and alternatives into myWealth Advisor.

The added functions include stress testing and scenario analysis. In practice, those tools allow advisers to model how a client portfolio might behave under different market conditions, rather than looking only at current holdings or recent performance. Standard Chartered said the platform will also support portfolio management functions intended to help advisers discuss more tailored investment approaches with clients.

Broader risk view for advisers

Standard Chartered said the integration will give its frontline wealth teams a consolidated view of portfolio risk and more complete analytics for client conversations. myWealth Advisor is the bank’s personalised investment planning tool and incorporates views from its Chief Investment Office alongside other investment insights.

Samir Subberwal, Standard Chartered’s global head of wealth solutions, retail products, data and analytics, said the bank was investing in its advisory capabilities as affluent clients’ needs change. He said adding Aladdin Wealth to myWealth Advisor would help the bank deliver more personalised advice at scale and give advisers more advanced tools for discussions with clients.

Susan Chan, BlackRock’s head of Asia Pacific, said the collaboration builds on the two firms’ wider relationship. She said stronger portfolio risk analytics can help wealth managers assess client portfolios more comprehensively as portfolios become more complex and client expectations rise.

The collaboration comes as large wealth managers continue to add data and analytics systems to adviser workstations. Such platforms typically combine holdings data, market assumptions and risk models so advisers can test exposures across different asset classes and discuss potential outcomes with clients. Standard Chartered said the Aladdin Wealth integration is designed to strengthen advisory and risk-management capabilities within its own wealth platform.

The bank did not disclose commercial terms for the collaboration or provide a timetable for expansion beyond the initial Singapore and Hong Kong rollout.

This story draws on original reporting from Finextra Research.