Openbank , the digital arm of Spanish bank Santander , has signed an agreement with US asset manager BlackRock to offer five portfolios of third - party funds to customers in Spain . Openbank will pay BlackRock to advise on fund allocation and distribution with the asset manager also providing market analysis . de gestión activa The fund will charge no commission to clients beyond those fees charged by the funds themselves .
Openbank , the digital arm of Spanish bank Santander , has signed an agreement with US asset manager BlackRock to offer five portfolios of third - party funds to customers in Spain . Openbank will pay BlackRock to advise on fund allocation and distribution with the asset manager also providing market analysis . The fund will charge no commission to clients beyond those fees charged by the funds themselves .