Blackrock Advisors, LLC

CRD#106614
Investment Advisor Firm

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Learn more about Blackrock Advisors, LLC

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

    • Overview

    Blackrock Advisors, LLC is a financial advisory firm based in New York, New York. The firm is registered across all 50 states and the District of Columbia, but it is not a registered broker-dealer.

    With $745.8 billion in assets under management (AUM), Blackrock Advisors, LLC is classified as a large-sized firm. The firm manages 322 accounts, with a team of 176 financial advisors. Of these accounts, 321 are managed on a discretionary basis, where the firm's portfolio managers have the authority to make investment decisions without requiring prior approval from their clients. Only one account is managed on a non-discretionary basis.

    Blackrock Advisors, LLC provides portfolio management services for individuals, small businesses, investment companies, pooled investment vehicles, and institutional clients. The firm has affiliations across various sectors of the financial industry, including broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer, and commodity pool advisor.

    The firm operates on an asset-based fee structure and does not participate in a wrap fee program. Blackrock Advisors, LLC works with various investor types, such as investment companies, business development companies, and pooled investment vehicles. The most common client type by accounts at Blackrock Advisors, LLC is investment companies.

    Assets Under Management

    $745.8 billion

    Number of Advisors

    176

    Disclosures

    No

    Office Location

    50 Hudson Yards
    New York, NY 10001

    Blackrock Advisors, LLC by the Numbers

    Total Assets Under Management

    $745.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    256

    National Average: 64
    Total Number of Accounts

    322

    National Average: 375,227
    Average Account Size

    $2.3 billion

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees are based on which services the firm provides the client. However, fees billed by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

    Available

    • Offered by 69% 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 32% 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

    Blackrock Advisors, LLC provides services to investment companies, business development companies and pooled investment vehicles. Out of its 322 clients, Blackrock Advisors, LLC's biggest client group is investment companies. Just 2% of the firm's customers 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 Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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