Jio Financial and BlackRock Forge New Joint Venture for Wealth Management and Broking

Jio Financial Services and BlackRock are forming a joint venture to offer wealth management and broking in India
This builds on their existing joint venture, announced last year, to provide asset management services pending regulatory approval
The partnership shows Reliance's growing ambitions in financial services as India's largest conglomerate
Jio Financial is taking a direct-to-customer approach enabled by alternate data models and a unified app
Since its debut in August, Jio Financial has expanded into insurance and lending