Blackrock Advisors, LLC

CRD#106614
Investment Advisor Firm

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Overview

Blackrock Advisors, LLC operates as an advisory company based in Wilmington, Delaware. Blackrock Advisors, LLC handles $595.0 billion in assets under management throughout 306 customer accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The firm has a large group of 338 employees, including 209 financial advisors. Blackrock Advisors, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets such as stocks, bonds and options.

Blackrock Advisors, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell decisions without requiring the client's consent. The firm supervises an average of $1.9 billion in assets for every customer account. An average advisor at Blackrock Advisors, LLC manages about one client accounts, placing it among the most personalized financial advisor firms in the country.

The firm's headquarters is located at 100 Bellevue Parkway, Wilmington, Delaware 19809-3700. It is permitted to serve investors throughout 52 U.S. states and territories.

Number of Advisors

209

Disclosures

No

Office Location

100 Bellevue Parkway
Wilmington, DE 19809-3700

Blackrock Advisors, LLC by the Numbers

Total Number of Employees

338

National Average: 4,943
Total Number of Accounts

306

National Average: 2,522
Average Account Size

$1.9 billion

National Average: $1.3 million

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Fee Structure

Financial advisory fees largely vary depending on which services the firm provides the client. However, fee types charged by the firm can consist of some blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided 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.

  • Offered by 17% of firms

    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.

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 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 Advisors, LLC works with investment companies and pooled investment vehicles. Out of its 306 accounts, Blackrock Advisors, LLC's biggest client type is investment companies. Just 1% of the firm's clients 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 Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA