Blackrock Fund Advisors

CRD#105247
Investment Advisor Firm

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Overview

Blackrock Fund Advisors operates as an advisory firm headquartered in San Francisco, California. It handles $1.5 trillion in assets over 458 client accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). It has a large team of 409 employees, sixty-four of whom are financial advisors. Blackrock Fund Advisors is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like options, bonds and stocks.

Blackrock Fund Advisors administers all of its client assets in a discretionary manner. Discretionary management means that transaction judgments are made by an investment advisor without requiring the client's authorization. The company administers about $3.3 billion in assets for each client account. The typical advisor at Blackrock Fund Advisors administers around seven client accounts, making it one of the more individualized financial advisor firms in the country.

Blackrock Fund Advisors's central office is located at 400 Howard Street, San Francisco, California 94105. It is allowed to serve clients throughout 52 U.S. states and territories.

Assets Under Management

$1.5 trillion

Number of Advisors

64

Fee Structure

Asset-based

Disclosures

Yes

Office Location

400 Howard Street
San Francisco, CA 94105

Blackrock Fund Advisors by the Numbers

Total Assets Under Management

$1.5 trillion

National Average: $3.3 billion
Total Number of Employees

409

National Average: 4,943
Total Number of Accounts

458

National Average: 2,522
Average Account Size

$3.3 billion

National Average: $1.3 million

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Fee Structure

Financial advisory fees typically vary depending on the type of financial services provided. Fee types charged by Blackrock Fund Advisors typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Blackrock Fund Advisors caters to investment companies, pooled investment vehicles and state or municipal government entities. Out of its 458 accounts, Blackrock Fund Advisors's biggest client group by number of accounts is investment companies. Just 1% of the firm's accounts reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Blackrock Fund Advisors has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA