Blackrock Fund Advisors

CRD#105247
Investment Advisor Firm

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Learn more about Blackrock Fund Advisors

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Blackrock Fund Advisors is a financial advisor firm based in San Francisco, California. It oversees $1.9 trillion in assets under management across 455 client accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). The company has a large team of 629 employees, including 307 financial advisors. Blackrock Fund Advisors does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as equities, bonds and options.

    Blackrock Fund Advisors oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments for the client's account without needing to seek client consent. The firm's average account size is $4.2 billion. An average financial advisor at Blackrock Fund Advisors administers about one client accounts, making it one of the most individualized firms in the country.

    The firm's central office is at 400 Howard Street, San Francisco, California 94105. Blackrock Fund Advisors is legally permitted to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $1.9 trillion

    Number of Advisors

    307

    Disclosures

    No

    Office Location

    400 Howard Street
    San Francisco, CA 94105

    Blackrock Fund Advisors by the Numbers

    Total Assets Under Management

    $1.9 trillion

    National Average: $3.7 billion
    Total Number of Employees

    629

    National Average: 29
    Total Number of Accounts

    455

    National Average: 2,073
    Average Account Size

    $4.2 billion

    National Average: $1.8 million

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    Fee Structure

    Fees charged by financial advisors usually depend on which services the firm provides the client. However, fee types billed by Blackrock Fund Advisors typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

    Available

    • Offered by 74% 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 35% 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 2% 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

    The company works with investment companies and pooled investment vehicles. Out of its 455 accounts, Blackrock Fund Advisors's biggest client group is investment companies. Just 1% of the company'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 does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Blackrock Fund Advisors

    Paul Lohrey
    San Francisco, CA
    Hollie Fagan
    San Francisco, CA
    Scott Masure
    San Francisco, CA
    Keith Vanorden
    San Francisco, CA
    Greg Adams
    San Francisco, CA
    Elizabeth Deveau
    San Francisco, CA
    Alison Hoffman
    San Francisco, CA
    Mark Tigue
    San Francisco, CA
    Timothy Hsu
    San Francisco, CA

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    This content was compiled from the SEC and FINRA