Is there a way to change a material instance asset?

I probably worded the title horribly but picture this situation, I use the same material instance multiple times in different assets in the level and
i want to change the color of the material instance without doing the following…

SpecificAsset->GetMaterialInstance->ChangeColor

Is there a way for me to change the material instance color so that any asset that uses the instance will be affected?

You would need to do that only once. All assets with this material instance will be affected.

Maybe this might be helpful.