Blackrock Advisors, LLC

CRD#106614
Investment Advisor Firm

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Overview

Blackrock Advisors, LLC is a financial advisory firm based in New York, New York. The company administers $595.0 billion in total assets across 306 accounts, making it one of the largest firms in the nation by assets under management (AUM). The firm has a large group of 338 employees, including 209 financial advisors. Blackrock Advisors, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like equities, bonds and options.

Blackrock Advisors, LLC manages all of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without requiring the customer's permission. Blackrock Advisors, LLC's typical account size is $1.9 billion. The average financial advisor at Blackrock Advisors, LLC manages around one client accounts, making it one of the most individualized advisor firms in the country.

The company's main office is located at 55 East 52Nd Street, New York, New York 10055. Blackrock Advisors, LLC is registered to provide services to customers across 51 U.S. states and territories.

Assets Under Management

$595.0 billion

Number of Advisors

209

Disclosures

No

Office Location

55 East 52Nd Street
New York, NY 10055

Blackrock Advisors, LLC by the Numbers

Total Assets Under Management

$595.0 billion

National Average: $3.3 billion
Total Number of Employees

338

National Average: 31
Total Number of Accounts

306

National Average: 1,935
Average Account Size

$1.9 billion

National Average: $1.7 million

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Fee Structure

Fees charged by financial advisors are based on which services the firm provides the client. Fee types charged by the company likely include some combination of the following fee structures: asset-based or performance-based. The firm does not provide a wrap fee program, in which the firm offers a service bundle 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.

  • 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 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 firm provides services to investment companies and pooled investment vehicles. Out of its 306 clients, Blackrock Advisors, LLC's biggest client by number of accounts is investment companies. Just 1% of its clients 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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This content was compiled from the SEC and FINRA