BlackRock, Inc. is a publicly traded investment management firm with $10.0 trillion in assets under management (AUM) as of December 31, 2023. The firm employs approximately 19,800 people in over 30 countries and serves clients in over 100 countries. BlackRock provides investment management and technology services to institutional and retail clients globally. Its diverse investment platform includes alpha-seeking active, index, and cash management strategies across various asset classes. Products are offered through intermediaries and directly in various vehicles, including iShares® ETFs. BlackRock also offers technology solutions such as Aladdin® and Aladdin Wealth. The firm operates as a fiduciary and does not engage in proprietary trading.

• Employees: 19,800 (as of December 31, 2023)
• Geographic Footprint: 30+ countries, serving clients in 100+ countries
• Headquarters: 50 Hudson Yards, New York, NY 10001
• Founded: 1988
• Number of locations/facilities: Not specified, but offices in multiple locations globally including Atlanta, Belgrade, Budapest, Edinburgh, Gurgaon, Hong Kong, London, Mumbai, Princeton, San Francisco, and Singapore. Owns an office building in Wilmington, DE and a data center in Amherst, NY.
• Revenue (FY2023): $17.9 billion
• Market Capitalization: $102 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: iShares

• CEO: Laurence D. Fink
• CFO: Martin S. Small
• Board Chair: Laurence D. Fink
• Chief Accounting Officer: Marc D. Comerchero

• Annual Revenue (FY2023): $17.9 billion
• Net Income (FY2023): $5.5 billion
• Market Cap (as of June 30, 2023): $102 billion
• Total Assets (as of December 31, 2023): $123.2 billion
• Number of employees (as of December 31, 2023): 19,800
• Key Financial Highlights (FY2023): AUM of $10 trillion, 5-year CAGR of AUM at 11%, Operating income declined, non-operating income increased significantly, diluted EPS increased.

BlackRock offers a wide range of investment management and technology services:

• Investment Management: Alpha-seeking active, index, and cash management strategies across asset classes (equities, fixed income, alternatives, money market instruments). Offered through various vehicles including mutual funds, ETFs (iShares), separate accounts, and other pooled investment vehicles.
• Technology Services: Aladdin investment and risk management platform (including Aladdin Wealth and Aladdin Provider), eFront alternative investment management software, and Cachematrix cash management platform for banks and corporations.
• Advisory Services: Risk management, outsourcing, and advisory solutions for institutional and wealth management clients.

BlackRock operates as a single business segment: asset management.

BlackRock's strategy is client-focused and long-term oriented. Key elements include:

• Client Choice: Offering a wide range of investment solutions across asset classes, styles, and geographies.
• Investment Performance: Seeking best risk-adjusted returns for clients.
• Research and Analytics: Leveraging research, data, and analytics to inform investment decisions and product innovation.
• Global Reach: Serving clients locally with a global presence.
• Fiduciary Focus: Acting in the best interests of clients.
• Innovation and Technology: Investing in technology and developing innovative solutions, such as Aladdin, to meet evolving client needs.
• Growth Strategy: Focusing on organic growth, leveraging scale to improve operating margins, and returning capital to shareholders.
• Strategic Acquisitions: Expanding capabilities and market presence through acquisitions such as Kreos Capital and the planned acquisition of GIP.

BlackRock operates in the highly competitive global asset management industry. Key competitors include other investment management firms, mutual fund complexes, insurance companies, banks, brokerage firms, and financial technology providers. Key competitive factors include investment performance, fees, client service, brand recognition, and technology offerings.

• Market Volatility: Changes in market values can significantly impact AUM, revenue, and earnings.
• Competition: Intense competition in the asset management industry can pressure fees and AUM.
• Geopolitical Risks: Global events and political instability can negatively affect markets and operations.
• Cybersecurity: Cyberattacks and data breaches pose a significant risk.
• Regulation: Evolving regulations and increased scrutiny can impact operations and costs.