Webull partners with BlackRock to expand advisory services

ST. PETERSBURG, Fla. - In a move to enhance its advisory platform, Webull (NASDAQ: BULL), an online investment platform whose stock has shown strong momentum with a 25% return over the past year, today announced a collaboration with BlackRock to integrate model portfolio capabilities into its services. This partnership aims to provide US-based investors with a broader range of investment options through Webull Advisors, the advisory arm of the company. According to InvestingPro analysis, the company maintains a healthy current ratio of 1.32, indicating solid operational efficiency.

Webull users can now access a variety of diversified portfolios, including alternative and digital assets, through the Webull app. These portfolios are designed to cater to different financial goals and risk tolerances. The process begins with a risk tolerance questionnaire, after which investors are matched with a model portfolio managed by Webull Advisors. The accounts are discretionary and include automatic rebalancing and active oversight by the platform’s registered advisors. For investors seeking deeper insights, InvestingPro reveals that Webull’s stock typically exhibits high price volatility and often moves counter to market trends, making it an interesting consideration for portfolio diversification.

Sara Schwartz, CEO of Webull Advisors, highlighted the significance of the collaboration, stating it represents a step forward in delivering personalized investment experiences. Arianne Adams, Webull’s Chief Strategy Officer and Head of Derivatives, emphasized the synergy between BlackRock’s expertise and Webull’s digital platform, which is expected to cater to the growing demand for dynamic investment solutions.

The collaboration with BlackRock is set to transform the wealth management experience for Webull users by providing access to model portfolios supported by analytics and real-time data. Amy Jenkins, Head of U.S. Direct Investing at BlackRock, remarked on the initiative’s alignment with BlackRock’s mission of making investing more accessible and helping individuals build wealth.

Webull is a global investment platform offering a range of assets and wealth management services. It is registered with the SEC and other regulatory bodies and is a member of several industry associations. The company serves over 23 million registered users worldwide, providing access to global financial markets and investment strategies.

This expansion of Webull’s advisory services, based on a press release statement, is part of the company’s ongoing efforts to provide sophisticated, technology-driven investment opportunities to its clients.

In other recent news, Webull Corp has successfully completed its merger with SK Growth Opportunities Corporation. This strategic move has been well-received by investors, as evidenced by the significant increase in activity within the company. Webull has reported $370 billion in equity notional volumes and 430 million options contracts traded in 2023. The merger is expected to provide Webull with additional resources and growth opportunities. Analysts and investors are closely monitoring how Webull will capitalize on this merger to sustain its growth in the competitive online brokerage industry. The company, which has grown rapidly since its founding in 2018, now serves 20 million registered users worldwide. Webull’s business model of offering zero-commission trading has gained popularity, especially among retail investors in the United States. As Webull moves forward, there is keen interest in how it will leverage its new partnership to expand its offerings and attract more users.

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