Clients
Blackrock Financial Management serves 1,309 clients, 399 of them pooled investment vehicles. The average client has about $1.22 billion with the firm, and high-net-worth clients hold 0% of its $1595.1 billion in assets.
- Pooled investment vehicles399 clients34%
- Pension and profit-sharing plans154 clients10%
- State or municipal government entities54 clients11%
- Insurance companies294 clients29%
- Sovereign wealth funds and foreign official institutions49 clients6%
- OtherCorporations and other businesses, Individuals, High-net-worth individuals, Banking or thrift institutions, Investment companies, Charitable organizations, Other investment advisers, Other10%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 6 | $1,603,926 | 0.0% | $267K |
| High-net-worth individuals | 64 | $5,434,214,822 | 0.3% | $84.9M |
| Banking or thrift institutions | 6 | $839,141,433 | 0.1% | $139.9M |
| Investment companies | 21 | $17,373,069,588 | 1.1% | $827.3M |
| Pooled investment vehicles | 399 | $548,161,289,739 | 34.4% | $1.37B |
| Pension and profit-sharing plans | 154 | $163,893,476,960 | 10.3% | $1.06B |
| Charitable organizations | 58 | $28,582,354,196 | 1.8% | $492.8M |
| State or municipal government entities | 54 | $172,829,187,022 | 10.8% | $3.20B |
| Other investment advisers | 9 | $8,763,349,958 | 0.5% | $973.7M |
| Insurance companies | 294 | $457,645,185,538 | 28.7% | $1.56B |
| Sovereign wealth funds and foreign official institutions | 49 | $90,420,609,613 | 5.7% | $1.85B |
| Corporations and other businesses | 195 | $101,077,223,020 | 6.3% | $518.3M |
| Other | Not reported | $79,123,101 | 0.0% | — |
| Total | 1,309 | $1,595,099,828,916 | 100% | $1.22B |
- Clients
- 6
- Regulatory AUM
- $1,603,926
- Share
- 0.0%
- Avg. per client
- $267K
- Clients
- 64
- Regulatory AUM
- $5,434,214,822
- Share
- 0.3%
- Avg. per client
- $84.9M
- Clients
- 6
- Regulatory AUM
- $839,141,433
- Share
- 0.1%
- Avg. per client
- $139.9M
- Clients
- 21
- Regulatory AUM
- $17,373,069,588
- Share
- 1.1%
- Avg. per client
- $827.3M
- Clients
- 399
- Regulatory AUM
- $548,161,289,739
- Share
- 34.4%
- Avg. per client
- $1.37B
- Clients
- 154
- Regulatory AUM
- $163,893,476,960
- Share
- 10.3%
- Avg. per client
- $1.06B
- Clients
- 58
- Regulatory AUM
- $28,582,354,196
- Share
- 1.8%
- Avg. per client
- $492.8M
- Clients
- 54
- Regulatory AUM
- $172,829,187,022
- Share
- 10.8%
- Avg. per client
- $3.20B
- Clients
- 9
- Regulatory AUM
- $8,763,349,958
- Share
- 0.5%
- Avg. per client
- $973.7M
- Clients
- 294
- Regulatory AUM
- $457,645,185,538
- Share
- 28.7%
- Avg. per client
- $1.56B
- Clients
- 49
- Regulatory AUM
- $90,420,609,613
- Share
- 5.7%
- Avg. per client
- $1.85B
- Clients
- 195
- Regulatory AUM
- $101,077,223,020
- Share
- 6.3%
- Avg. per client
- $518.3M
- Clients
- Not reported
- Regulatory AUM
- $79,123,101
- Share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 1,309
- Regulatory AUM
- $1,595,099,828,916
- Share
- 100%
- Avg. per client
- $1.22B
What it does
Blackrock Financial Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.
Blackrock Financial Management advises 352 private funds.
99.9% of assets ($1592.83B across 2,236 accounts) are managed with discretion; $2.27B across 47 accounts are not. 37% of clients are outside the U.S., and 137 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks14%
- Funds4%
- Pooled vehicles3%
- Registered funds1%
- Bonds45%
- Investment grade corporate bonds30%
- U.S. government and agency bonds11%
- Sovereign bonds2%
- High-yield corporate bonds2%
- Cash21%
- Other15%
- Other asset types are generally structured products, alternatives, loans and delisted securities.14%
- Derivatives1%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Blackrock Financial Management’s client accounts are held mainly at Bank of New York Mellon, N.A., with 17% of managed assets, and State Street Bank & Trust, with 10%. Blackrock Financial Management has custody of $10.71B for 40 clients.
- Bank of New York Mellon, N.A.Bank of New York Mellon, N.A. · New York, NY · $273.70B17%
- SSB New York InstitutionalSSB New York Institutional · Boston, MA · $125.36B8%
- J.P. MorganJP Morgan Chase Bank N.A. · New York, NY · $124.74B8%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $159.92B10%
- State Street Bank & TrustState Street Bank & Trust Company · Boston, MA · $166.24B10%
- All other custodians$745.14B47%
Ownership and leadership
Blackrock Holdco 2, Inc. owns 75% or more of Blackrock Financial Management, and Laurence Fink is its CEO.
- Owns 75% or more of Blackrock Financial Management, Inc
Blackrock Holdco 2, Inc.
Control person · since September 2006
- Owns 75% or more of Blackrock Holdco 2, Inc.
Blackrock Finance, Inc
Control person · since September 2006
- Owns 75% or more of Blackrock Finance, Inc
Blackrock Saturn Subco, LLC
Control person · since July 2025
- Owns 75% or more of Blackrock Saturn Subco, LLC
Blackrock, Inc.
Control person · since July 2025
Leadership
- Laurence FinkChief Executive Officer
- Robert KapitoPresident
- Martin SmallChief Financial Officer
- Robert GoldsteinChief Operating Officer
- Charles ParkChief Compliance Officer
- Robert DicksonDirector
- Robert GoldsteinDirector
- Christopher MeadeGeneral Counsel and Chief Legal Officer
- Martin SmallDirector
Staff
- 7,987 employees
- 889 in advisory functions
- 129 state-registered reps
- 591 broker-dealer reps
- 1 insurance agent
Fees
Blackrock Financial Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Blackrock Financial Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Blackrock Financial Management has 20 offices, with 21 listed addresses across 14 states.
California · 4 listed addresses
- 400 Howard Street, San Francisco
- 2951 28th Street, Santa Monica
- 3 Harbor DR, Sausalito
- 4400 Macarthur Boulevard, Newport Beach
Delaware · 2 listed addresses
- 100 Bellevue Parkway, Wilmington
- 400 Bellevue Parkway, Wilmington
Florida · 2 listed addresses
- 701 Brickell Avenue, Miami
- 360 S Rosemary Ave, West Palm Beach
Illinois · 2 listed addresses
- 227 West Monroe Street, Chicago
- 110 N Wacker DR., Chicago
Texas · 2 listed addresses
- 609 Main Street, Houston
- 1717 McKinney Avenue, Dallas
Colorado · 1 listed address
- 44 Cook Street, Denver
Connecticut · 1 listed address
- 1 Lafayette Place, Greenwich
District of Columbia · 1 listed address
- 1401 New York Avenue, N.W., District of Columbia
Georgia · 1 listed address
- 725 Ponce De Leon Ave Ne, Atlanta
Massachusetts · 1 listed address
- 60 State Street, Boston
New Jersey · 1 listed address
- 1 University Square Drive, Princeton
New York · 1 listed address
- 50 Hudson Yards, New YorkHQ
Pennsylvania · 1 listed address
- 2929 Arch Street, 16th Floor, Philadelphia
Washington · 1 listed address
- 601 Union Street, Seattle
Registration details
- Legal name
- Blackrock Financial Management, Inc
- Headquarters
- 50 Hudson Yards, New York, NY 10001
- Phone
- 212-810-5300
- Website
- www.blackrock.com
- SEC file
- 801-48433
- Structure
- Delaware corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Blackrock Financial Management have?
Blackrock Financial Management has 1,309 clients and manages $1595.1 billion for them, as of August 2026. They include 399 pooled investment vehicles, 294 insurance companies and 195 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026
What services does Blackrock Financial Management offer?
Blackrock Financial Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Blackrock Financial Management use?
Blackrock Financial Management’s separately managed account assets are held at Bank of New York Mellon, N.A. (New York, NY), with $273,701,521,804, State Street Bank & Trust Company (Boston, MA), with $166,239,831,146, The Northern Trust Company (Chicago, IL), with $159,919,807,355, SSB New York Institutional (Boston, MA), with $125,356,280,798 and JP Morgan Chase Bank N.A. (New York, NY), with $124,739,242,780. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 August 2026
How many financial advisors does Blackrock Financial Management have?
Blackrock Financial Management has 129 investment adviser representatives registered with state securities authorities, out of 7,987 employees, and 889 perform investment advisory functions. 591 are registered representatives of a broker-dealer and 1 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Blackrock Financial Management invest in?
At the end of its last fiscal year, Blackrock Financial Management’s separately managed accounts held 30% investment grade corporate bonds, 21% cash and equivalents, 14% exchange-traded equities, 14% other asset types are generally structured products, alternatives, loans and delisted securities., 11% U.S. government and agency bonds, 3% pooled vehicles (private funds and similar), 2% sovereign bonds, 2% high-yield corporate bonds, 1% derivatives and 1% registered funds (mutual funds, ETFs, BDCs). It advises 352 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blackrock Financial Management?
Blackrock Financial Management is owned through a chain of holding companies by Blackrock, Inc. Its direct owner is Blackrock Holdco 2, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026
How does Blackrock Financial Management get paid?
Blackrock Financial Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file