National Australia Bank (ASX:NAB) said customers of its JBWere unit will receive insights about the risk and return characteristics of their investment portfolios via BlackRock's Aladdin Wealth platform, according to a Monday statement.
JBWere Chief Executive Michael Saadie said that the wealth manager's advisors will use the Aladdin Wealth platform to provide clients with portfolio analysis, scenario modelling, and value-at-risk calculations.
The bank's shares fell 1% in recent trading on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments