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 company located in New York, New York. The firm manages $1.0 trillion in total assets over 316 client accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). The company has a large group, including 183 financial advisors. Blackrock Advisors, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as bonds, equities and options.

    Blackrock Advisors, LLC manages all of its accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without needing to seek the customer's approval. The firm supervises an average of $3.2 billion in assets for every account. The average advisor at Blackrock Advisors, LLC manages about two client accounts, making it one of the most personalized financial advisor firms in the country.

    The firm's main office is located at 55 East 52Nd Street, New York, New York 10055. The company is legally registered to serve investors across 51 U.S. states and territories.

    Assets Under Management

    $1.0 trillion

    Number of Advisors

    183

    Disclosures

    No

    Office Location

    55 East 52Nd Street
    New York, NY 10055

    Blackrock Advisors, LLC by the Numbers

    Total Assets Under Management

    $1.0 trillion

    National Average: $9.0 billion
    Total Number of Employees

    273

    National Average: 71,771
    Total Number of Accounts

    316

    National Average: 4,329
    Average Account Size

    $3.2 billion

    National Average: $2.1 million

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    Fee Structure

    Fees charged by financial advisors largely are based on the financial services offered. Fee types charged by the company typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Blackrock Advisors, LLC.

    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

    Blackrock Advisors, LLC provides services to investment companies, business development companies and pooled investment vehicles. Out of its 316 clients, Blackrock Advisors, LLC's biggest client by number of accounts is investment companies. Just 2% of its customers are from outside of the U.S.

    • 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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    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.

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