{"url":"https://nivawealth.com/firms/blackrock-financial-management-107105","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107105","regulatoryAum":1595099828916,"crd":"107105","secFileNumber":"801-48433","legalName":"Blackrock Financial Management, Inc","displayName":"Blackrock Financial Management","website":"https://www.blackrock.com","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"50 Hudson Yards","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10001"},"tradeNames":[],"registration":{"secApproved":"28 February 1995","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":7987,"advisory":889,"brokerDealerReps":591,"insuranceAgents":1,"promoters":0},"aum":{"discretionary":1592825862153,"discretionaryAccounts":2236,"nonDiscretionary":2273966763,"nonDiscretionaryAccounts":47,"wrapProgram":null,"nonUsClientsPct":37,"nonAumClients":137},"clientTypes":[{"label":"Individuals (other than HNW)","clients":6,"regulatoryAum":1603926},{"label":"High-net-worth individuals","clients":64,"regulatoryAum":5434214822},{"label":"Banking or thrift institutions","clients":6,"regulatoryAum":839141433},{"label":"Investment companies","clients":21,"regulatoryAum":17373069588},{"label":"Pooled investment vehicles","clients":399,"regulatoryAum":548161289739},{"label":"Pension and profit-sharing plans","clients":154,"regulatoryAum":163893476960},{"label":"Charitable organizations","clients":58,"regulatoryAum":28582354196},{"label":"State or municipal government entities","clients":54,"regulatoryAum":172829187022},{"label":"Other investment advisers","clients":9,"regulatoryAum":8763349958},{"label":"Insurance companies","clients":294,"regulatoryAum":457645185538},{"label":"Sovereign wealth funds and foreign official institutions","clients":49,"regulatoryAum":90420609613},{"label":"Corporations and other businesses","clients":195,"regulatoryAum":101077223020},{"label":"Other","clients":null,"regulatoryAum":79123101}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bank of New York Mellon, N.A.","shortName":"Bank of New York Mellon, N.A.","location":"New York, NY","smaAssets":273701521804},{"name":"SSB New York Institutional","shortName":"SSB New York Institutional","location":"Boston, MA","smaAssets":125356280798},{"name":"JP Morgan Chase Bank N.A.","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":124739242780},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":159919807355},{"name":"State Street Bank & Trust Company","shortName":"State Street Bank & Trust","location":"Boston, MA","smaAssets":166239831146}],"custodyNote":"Blackrock Financial Management has custody of $10.71B for 40 clients.","otherCustodians":[],"leadership":[{"name":"Laurence Fink","title":"Chief Executive Officer","crd":"830137"},{"name":"Robert Kapito","title":"President","crd":"728399"},{"name":"Martin Small","title":"Chief Financial Officer","crd":"6530364"},{"name":"Robert Goldstein","title":"Chief Operating Officer","crd":"2253416"},{"name":"Charles Park","title":"Chief Compliance Officer","crd":"2704483"},{"name":"Robert Dickson","title":"Director","crd":"7502068"},{"name":"Robert Goldstein","title":"Director","crd":"2253416"},{"name":"Christopher Meade","title":"General Counsel and Chief Legal Officer","crd":"6728448"},{"name":"Martin Small","title":"Director","crd":"6530364"}],"ownership":[{"label":"Blackrock Holdco 2, Inc.","detail":"Sole shareholder of applicant in the 75% or more ownership band and a control person, since September 2006."},{"label":"Blackrock Finance, Inc","detail":"Indirect owner: a sole shareholder of Blackrock Holdco 2, Inc. in the 75% or more band and a control person, since September 2006.","parent":"Blackrock Holdco 2, Inc."},{"label":"Blackrock, Inc.","detail":"Indirect owner: a member of Blackrock Saturn Subco, LLC in the 75% or more band and a control person, since July 2025.","parent":"Blackrock Saturn Subco, LLC"},{"label":"Blackrock Saturn Subco, LLC","detail":"Indirect owner: a sole shareholder of Blackrock Finance, Inc in the 75% or more band and a control person, since July 2025.","parent":"Blackrock Finance, Inc"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":20,"privateResidences":0},"listedOfficeAddresses":21,"officesByState":[{"state":"California","offices":4,"addresses":[{"street":"400 Howard Street","city":"San Francisco"},{"street":"2951 28th Street","city":"Santa Monica"},{"street":"3 Harbor DR","city":"Sausalito"},{"street":"4400 Macarthur Boulevard","city":"Newport Beach"}]},{"state":"Colorado","offices":1,"addresses":[{"street":"44 Cook Street","city":"Denver"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"1 Lafayette Place","city":"Greenwich"}]},{"state":"Delaware","offices":2,"addresses":[{"street":"100 Bellevue Parkway","city":"Wilmington"},{"street":"400 Bellevue Parkway","city":"Wilmington"}]},{"state":"District of Columbia","offices":1,"addresses":[{"street":"1401 New York Avenue, N.W.","city":"District of Columbia"}]},{"state":"Florida","offices":2,"addresses":[{"street":"701 Brickell Avenue","city":"Miami"},{"street":"360 S Rosemary Ave","city":"West Palm Beach"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"725 Ponce De Leon Ave Ne","city":"Atlanta"}]},{"state":"Illinois","offices":2,"addresses":[{"street":"227 West Monroe Street","city":"Chicago"},{"street":"110 N Wacker DR.","city":"Chicago"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"60 State Street","city":"Boston"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"1 University Square Drive","city":"Princeton"}]},{"state":"New York","offices":1,"addresses":[{"street":"50 Hudson Yards","city":"New York","headquarters":true}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"2929 Arch Street, 16th Floor","city":"Philadelphia"}]},{"state":"Texas","offices":2,"addresses":[{"street":"609 Main Street","city":"Houston"},{"street":"1717 McKinney Avenue","city":"Dallas"}]},{"state":"Washington","offices":1,"addresses":[{"street":"601 Union Street","city":"Seattle"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-810-5300","stateRegisteredReps":129,"otherAdviserReps":123,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":14},{"label":"U.S. government/agency bonds","percent":11},{"label":"Sovereign bonds","percent":2},{"label":"Investment grade corporate bonds","percent":30},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":21},{"label":"Other","percent":14,"detail":"Other Asset Types Are Generally Structured Products, Alternatives, Loans and Delisted Securities."}],"privateFunds":352},"sources":{"adv1FilingDate":"27 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107105/PDF/107105.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Blackrock Financial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blackrock Financial Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Blackrock Financial Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Blackrock Financial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Blackrock Financial Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Blackrock Financial Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blackrock Financial Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}