By June 30, 2015, BlackRock had US$4.721 trillion of assets under management.[32] On August 26, 2015, BlackRock entered into a definitive agreement to acquire FutureAdvisor,[33] a digital wealth management provider with reported assets under management of $600 million.[34] Under the deal, FutureAdvisor would operate as a business within BlackRock Solutions (BRS).[33] BlackRock announced in November 2015 that they would wind down the BlackRock Global Ascent hedge fund after losses.