BlackRock, Inc. BLK

Company Overview

BlackRock, Inc. is a global asset management and financial technology company headquartered in New York, United States. The company operates primarily in the investment management industry and provides a broad range of services including portfolio management, risk management, advisory solutions, retirement services, exchange-traded funds (ETFs), and institutional technology platforms. BlackRock serves institutional investors, governments, corporations, pension funds, insurers, foundations, financial intermediaries, and retail investors globally. Its largest revenue drivers include investment advisory and administration fees derived from assets under management (AUM), technology services revenue from its risk management platform, and securities lending and performance-related fees.

The company’s principal business lines include iShares, its ETF platform; actively managed equity and fixed income strategies; multi-asset and alternatives investing; and the Aladdin investment and risk management technology platform. BlackRock has developed a competitive position through scale, diversified investment capabilities, extensive institutional relationships, and integrated technology infrastructure. Originally founded in 1988 by Larry Fink and partners as a fixed-income risk management and institutional asset manager, BlackRock expanded through acquisitions and organic growth, including the acquisition of Barclays Global Investors in 2009, which significantly expanded its ETF and index investing business through iShares.