Blackrock Fund Advisors

CRD#105247
Investment Advisor Firm

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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
Keith Vanorden
San Francisco, CA
Greg Adams
San Francisco, CA
Scott Masure
San Francisco, CA
Hollie Fagan
San Francisco, CA
Elizabeth Deveau
San Francisco, CA
Mark Tigue
San Francisco, CA
Donna Antinori
San Francisco, CA
Bryan Jacobi
San Francisco, CA

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This content was compiled from the SEC and FINRA