BlackRock’s purpose is to help more and more people experience financial well-being. The money we manage as a fiduciary is not our own. It belongs to the individuals and organizations representing more than 120 million people around the world who rely on BlackRock to help them reach their long-term investment goals.1
We manage money for institutional clients like corporate or public pension plans and provide investment solutions that help both professional and personal investors build long term wealth. We help make it possible for our clients and the people they serve to save for retirement, pay for college, buy homes, and start new businesses.
Over the past 30 years, BlackRock has shown our commitment to our platform, our people and our technology so that we can continue to deliver long term value for our clients and our shareholders.
BlackRock began in 1988 with eight people in a single room who shared a determination to put clients’ needs and interests first. Our founders believed they could manage assets in a way that was better for their clients by utilizing their passion for understanding and managing risk. This is the way the firm continues to be managed today.
Pictured above Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson
We make our IPO on the New York Stock Exchange on October 1st, for $14 a share. By the end of the year, we had $165B in assets under management.
Launches Financial Markets Advisory business to help solve the complex financial challenges of governments, central banks, and financial institutions.
BlackRock acquires Barclays Global Investors (BGI), becoming the world's largest asset manager, with employees in 24 countries. With this acquisition, BlackRock makes the unprecedented move of bringing alpha and index strategies under one roof to provide a wider breadth of solutions for its clients.
BlackRock acquires Aperio. This combination expands the breadth of our personalization capabilities via tax managed strategies.
Fortune Magazine ranked BlackRock among the World’s Most Admired Companies and #1 in its industry.5
BlackRock is entrusted with more assets than any other investment firm in the world.