Blackrock Fund Advisors

CRD#105247
Investment Advisor Firm

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Overview

Blackrock Fund Advisors is a financial advisory company based in San Francisco, California. The company administers $2.8 trillion in total assets across 471 client accounts, placing it among the largest financial advisory firms in the nation by assets under management (AUM). It has a large team, including 298 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 own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, bonds and equities.

Blackrock Fund Advisors administers all of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell choices are made by an investment advisor without requiring the client's consent. The advisory firm oversees an average of $5.9 billion for each account. The average advisor at Blackrock Fund Advisors oversees about two client accounts, placing it among the most individualized advisor firms in the country.

The firm's central office is located at 400 Howard Street, San Francisco, California 94105. It is registered to serve customers throughout 51 U.S. states and territories.

Assets Under Management

$2.8 trillion

Number of Advisors

298

Disclosures

No

Office Location

400 Howard Street
San Francisco, CA 94105

Blackrock Fund Advisors by the Numbers

Total Assets Under Management

$2.8 trillion

National Average: $9.0 billion
Total Number of Employees

710

National Average: 71,771
Total Number of Accounts

471

National Average: 4,329
Average Account Size

$5.9 billion

National Average: $2.1 million

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Fee Structure

Financial advisory fees largely vary depending on the services offered. However, fees charged by the firm typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 70% 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 21% 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 1% 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 26% 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 0% 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 33% 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 10% 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

It works with investment companies and pooled investment vehicles. Out of its 471 clients, Blackrock Fund Advisors's largest client by number of accounts is investment companies. None of its clients are represented by non-U.S. persons.

  • 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

Alison Hoffman
San Francisco, CA
Scott Masure
San Francisco, CA
Bryan Jacobi
San Francisco, CA
Donna Antinori
San Francisco, CA
Daniel Foley
San Francisco, CA
Mark Tigue
San Francisco, CA
Greg Adams
San Francisco, CA
Keith Vanorden
San Francisco, CA
Carolyn Barnette
San Francisco, CA

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

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