Standard Chartered taps BlackRock for wealth platform

Standard Chartered has entered a global collaboration with BlackRock's Aladdin Wealth to enhance its myWealth Advisor platform, with an initial rollout in Singapore and Hong Kong.

The integration is aimed at relationship managers and investment advisers serving affluent clients across the bank's Priority, Priority Private and Private Banking segments. It adds portfolio analytics and risk tools from Aladdin Wealth to Standard Chartered's existing advisory platform.

myWealth Advisor is Standard Chartered's investment planning tool, combining the bank's Chief Investment Office views with market insights for client use. With the latest addition, staff will be able to access broader portfolio risk and return analysis across asset classes, including equities, fixed income, funds, exchange-traded funds and alternatives.

The move extends an existing relationship between Standard Chartered and BlackRock. It also highlights how global banks are using external wealth technology to support advisers as clients demand more detailed analysis of portfolio risks and outcomes.

Platform upgrade

The integration will give advisers a consolidated view of portfolio risks within myWealth Advisor. It will also bring stress testing, scenario analysis and portfolio management tools to help advisers discuss how portfolios may behave under different market conditions.

These features are intended to support more tailored investment discussions with clients, particularly as expectations for personalised advice rise. Banks across Asia's affluent and private banking markets have been investing in digital tools that combine house views, portfolio data and risk analytics in a single workflow for front-line staff.

Standard Chartered has a sizeable wealth presence in Asia, where competition for affluent client assets has intensified. Singapore and Hong Kong remain two of the region's main centres for international wealth management, making them logical starting points for technology deployments aimed at relationship teams and investment advisers.

Samir Subberwal, Global Head of Wealth Solutions, Retail Products, Data & Analytics at Standard Chartered, outlined the bank's rationale for the collaboration.

"We remain committed to enhancing our wealth advisory capabilities to better serve the evolving needs of our affluent clients. By integrating BlackRock's industry-recognised Aladdin Wealth platform into myWealth Advisor, we are strengthening how we deliver personalised, insights-led advice at scale. At the same time, we are equipping our frontline with advanced tools to support more informed conversations and help clients navigate the increasingly complex market environment with confidence," Subberwal said.

Wealth focus

For Standard Chartered, the collaboration sits within a broader push to deepen its wealth offering for affluent retail and private banking clients. Advisory tools have become a more prominent battleground for banks seeking to improve client engagement while helping staff manage growing product ranges and cross-asset allocations.

BlackRock's Aladdin platform is widely known in institutional markets for its portfolio and risk management capabilities. Aladdin Wealth is the group's version for wealth managers, adapting portfolio analytics for advisers who need to assess a client's total holdings and explain investment risks in a more accessible format.

Integrating it into myWealth Advisor means Standard Chartered's front-line teams will be able to draw on those analytics within a system already used for client planning. In practice, that should reduce the need to switch between separate systems when reviewing allocations, testing scenarios, or assessing the impact of market moves on portfolios.

BlackRock said the tie-up reflects a shared focus on improving advisers' use of portfolio risk information. The asset manager has been expanding Aladdin Wealth's reach among banks and wealth firms seeking greater consistency in advisory processes.

Susan Chan, Head of Asia Pacific at BlackRock, set out the firm's view of the market backdrop.

"Building on our broader relationship with Standard Chartered, this collaboration reflects our shared commitment to delivering innovative client solutions and supporting the Bank's digital innovation agenda through enhanced portfolio risk capabilities. As portfolio complexity and client expectations evolve, deeper risk insights and analytics can help wealth managers take a whole portfolio view and deliver tailored advice at scale," Chan said.

Standard Chartered expects to extend the rollout to additional markets over time, following the first phase in Singapore and Hong Kong.