SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
BlackRock Financial Management, Inc
New York, NY
CRD 107105
Firm filing updated August 27, 2026 ·
- $1595.1BAssets
- 889Advisory staff
- 2,283Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Pooled vehicles399
- Insurance companies294
- Corporations or other businesses195
- Pension and profit sharing plans154
- High net worth individuals64
- and 7 more203
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 6 | $1.6 million |
| High net worth individuals | 64 | $5.4 billion |
| Banking or thrift institutions | 6 | $839.1 million |
| Investment companies | 21 | $17.4 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 399 | $548.2 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 154 | $163.9 billion |
| Charitable organizations | 58 | $28.6 billion |
| State or municipal government entities (including government pension plans) | 54 | $172.8 billion |
| Other investment advisors | 9 | $8.8 billion |
| Insurance companies | 294 | $457.6 billion |
| Sovereign wealth funds and foreign official institutions | 49 | $90.4 billion |
| Corporations or other businesses not listed above | 195 | $101.1 billion |
| Other: "INSURANCE - GENERAL ACCOUNT" | Fewer than 5 clients | $79.1 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 6 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$1595.1 billion
- Accounts2,283
- Discretionary$1592.8 billion · 2,236 accounts
- Non-discretionary$2.3 billion · 47 accounts
People
- Employees7,987
- Advisory staff889
- Broker-dealer reps591
- Licensed insurance agents1
Advisors
19 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 107105, SEC file 801-48433.
- Registered with the SEC as an investment advisor (status date on record: February 28, 1995).
Is Blackrock Financial Management, Inc a fiduciary?
Short answer: Blackrock Financial Management, Inc is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 591 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
1 staff member is a licensed insurance agent and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.