Blackrock Advisors, LLC

CRD#106614
Investment Advisor Firm

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Overview

Blackrock Advisors, LLC operates as a financial advisory firm that has its headquarters in New York, New York. The company has $687.6 billion in assets under management over 298 accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). Blackrock Advisors, LLC has a large team of 296 employees, one hundred ninety-eight of whom are financial advisors. Blackrock Advisors, LLC does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments like options, equities and bonds.

Blackrock Advisors, LLC administers all of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction decisions without requiring client approval. The company's average account size is $2.3 billion. The average advisor at Blackrock Advisors, LLC oversees about two client accounts, making it one of the most individualized firms in the country.

Blackrock Advisors, LLC's central office is at 55 East 52Nd Street, New York, New York 10055. It is legally permitted to serve clients across 51 U.S. states and territories.

Assets Under Management

$687.6 billion

Number of Advisors

198

Disclosures

No

Office Location

55 East 52Nd Street
New York, NY 10055

Blackrock Advisors, LLC by the Numbers

Total Assets Under Management

$687.6 billion

National Average: $3.7 billion
Total Number of Employees

296

National Average: 29
Total Number of Accounts

298

National Average: 2,073
Average Account Size

$2.3 billion

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors largely depend on the type of services offered. However, fees charged by the firm may include any 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 offered by Blackrock Advisors, LLC.

Available

  • Offered by 74% 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 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 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

It works with investment companies and pooled investment vehicles. Out of its 298 customers, Blackrock Advisors, LLC's biggest client type is investment companies. Just 1% of its clients 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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This content was compiled from the SEC and FINRA