BlackRock, Inc. (BlackRock) operates as an investment management firm in the United States. As of December 31, 2008, the Company had $1.307 trillion of assets under management (AUM). BlackRock provides diversified investment management services to institutional clients and to individual investors through various investment vehicles. Its investment management services primarily consist of the active management of fixed income, cash management and equity client accounts; the management of a number of open-end and closed-end mutual fund families, and other non-United States equivalent retail products serving the institutional and retail markets, and the management of alternative funds developed to serve various customer needs. In addition, BlackRock provides market risk management, financial markets advisory and enterprise investment system services to a broad base of clients.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Black Rock,Inc.'s revenues decreased 21% to $3.16B. Net income decreased 15% to $619M. Revenues reflect a decrease in investment advisory & administration & performance fees, lower other revenue and a fall in distribution fees. Net income also reflects lower interest & dividend income decreased operating margin and the presence of restructuring expenses.
Company Address
BlackRock, Inc.
40 East 52nd Street New York NY 10022
P: +1212.8105300 F: +1212.7543123