Microsoft Teams up with BlackRock for Retirement Planning Tools & Apps

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Microsoft has reached an agreement with BlackRock inc with the premise of building out tools for those seeking to invest their retirement funds.

Some say this will later be used for BlackRock to upsell their services and take more assets under management for their firm.

The move also shows how BlackRock, the world’s largest money manager, wants to shape the technology plumbing that connects it to different parts of the financial ecosystem handling workers’ retirement money.

The firms plan to develop a technology platform that will provide digital financial-planning tools and new BlackRock funds offering guaranteed retirement income to employees through their workplace saving plans.

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