Blackrock Financial Management, Inc
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Overview
Blackrock Financial Management, Inc is a financial advisor firm headquartered in New York, New York. The firm has $1.0 trillion in assets under management throughout 1,989 client accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). The company has a very large team of 5,615 employees, including 980 financial advisors. Blackrock Financial Management, Inc is not a registered broker-dealer, signifying that it 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 exchangable fiscal investments like stocks, options and bonds.
Blackrock Financial Management, Inc manages the majority of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction judgments for the client's account without needing to seek client authorization. Blackrock Financial Management, Inc also administers 34 non-discretionary accounts with a total of $1.7 billion in assets under management. The advisory firm's average account size is $519.3 million. The average financial advisor at Blackrock Financial Management, Inc oversees about two client accounts, making it one of the most personalized financial advisor firms in the country.
The company's central office is located at 55 East 52Nd Street, New York, New York 10055. It is legally permitted to provide services to customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Blackrock Financial Management, Inc by the Numbers

$1.0 trillion

5,615

1,989

$519.3 million
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Products and Services
Blackrock Financial Management, Inc provides multiple financial services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The firm does sell products or offer services aside from investment advisory services to its customers. The firm is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, real estate broker or dealer and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 62% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 23% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely vary depending on which services are provided. Fee types billed by the company likely are comprised of the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 74% of firms
Percentage of Assets
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Offered by 17% of firms
Performance-based
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Offered by 40% of firms
Fixed
Unavailable
Types of Clients
Blackrock Financial Management, Inc works with a number of different clients. It works with high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 1,989 customers, Blackrock Financial Management, Inc's biggest client type is pooled investment vehicles, though it also manages money for 79 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 33% of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 6.52%
- Other Individuals - 0%
- Corporations - 89.77%
- Charitable Organizations - 3.71%
* 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 Financial Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Blackrock Financial Management, Inc
New York, NY
New York, NY
Princeton, NJ
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
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