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. Blackrock Fund Advisors has $1.5 trillion in assets under management throughout 458 customer accounts, placing it among the largest 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 it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable financial investments like options, equities and bonds.

Blackrock Fund Advisors administers all of the company's client assets on a discretionary basis. Discretionary management means that transaction judgments are made by an investment advisor without requiring client authorization. The firm's average account size is $3.3 billion. The average financial advisor at Blackrock Fund Advisors administers around seven client accounts, making it one of the more personalized firms in the country.

The company's main office is at 400 Howard Street, San Francisco, California 94105. It is legally permitted to serve investors across 51 U.S. states and territories.

Assets Under Management

$1.5 trillion

Number of Advisors

64

Disclosures

No

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: 31
Total Number of Accounts

458

National Average: 1,935
Average Account Size

$3.3 billion

National Average: $1.7 million

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Fee Structure

Financial advisory fees are based on which services the firm provides the client. However, fee types billed by the company typically consist of the following fee types: asset-based. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 72% 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 39% 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 caters to investment companies, pooled investment vehicles and state or municipal government entities. Out of its 458 clients, Blackrock Fund Advisors's biggest client is investment companies. Just 1% of the firm's customers 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

Keith Vanorden
San Francisco, CA
Timothy Hsu
San Francisco, CA
Carolyn Barnette
San Francisco, CA
Bryan Jacobi
San Francisco, CA
William Bowe
San Francisco, CA
Alison Hoffman
San Francisco, CA
Arin Horesh
San Francisco, CA
Lindsay Axerio-Cilies
San Francisco, CA
Donna Antinori
San Francisco, CA

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This content was compiled from the SEC and FINRA