Our story

BlackRock’s story is about new ideas, innovative thinking and growth through collaboration.

In 1988, our founders set out to create a better asset management firm—one that was purpose-driven, focused on clients and risk management, and driven by data and technology. Our breakthrough Aladdin® platform unified trading, risk management and reporting onto one system connecting the information, people and technology needed to manage money.

Over the years, we’ve evolved from an eight-person start up into a global company who’s trusted to manage more assets (*) than to any other investment manager. We’ve always been laser focused on delivering long-term value for our clients and our shareholders.

And because we’ve purposefully invested in developing our platform, our technology and our people for more than 30 years, we have the capabilities to create better portfolios that help more and more people experience financial well-being and, ultimately, better futures.

(*) Source: BlackRock. Based on $6.84 trillion in AUM as of June 30, 2019.

Culture inspires employees to go above and beyond their responsibilities every day, to solve the most difficult problems, and to join together as One BlackRock to help people invest for retirement and achieve their most important financial goals.

-Larry Fink
Founder, Chairman and CEO – New York City

What we do

BlackRock is trusted to manage more money than any other investment manager in the world, helping millions of people and the world’s biggest institutions and governments reach their investing goals. We challenge businesses to reach higher standards by leading with purpose and promoting policies and practices that support long-term value creation. We use technology to think beyond what’s possible and bring greater transparency to investing while democratizing access.

Our promise to our clients is to deliver products and services that provide clarity on the financial markets to help influence better investments decisions. That’s why investors of all kinds come to us for help.

Our journey to today

Blackrock founders, 1988

1988
Eight people, who shared a determination to put clients’ needs and interests first, start a company, which we ultimately named BlackRock in 1992.

BlackRock Alladin

1999
We begin to sell our proprietary technology, Aladdin®, to bring transparency, scale and innovation to risk management.

BlackRock founders at initial public offering

1999
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.

Aladdin new logo

2000
We launch BlackRock Solutions, with Aladdin® as the basis for the business and paved the way for our future as a technology provider.

Bell ringing

2006
We acquire Merrill Lynch Investment Management (MLIM), expanding our retail and international presence.

Ping pong balls representing market volatility

2008
We play a key advisory role to institutions across the globe seeking to navigate the financial crisis.

BlackRock offices, exterior

2009
We acquire Barclay’s Global Investors (BGI), becoming the world’s largest asset manager, with employees in 24 countries.

iShares

2012
We launch iShares Core to provide investors with a low-cost, tax-efficient foundation for their portfolios.

Diverse shapes

2016
We leverage our diverse platform and portfolio construction technology to support a changing wealth management landscape.

Fiduciary

2017
We further increase our commitment to Investment Stewardship, emphasizing the importance of purpose to long-term profitability.

Technology

2018
We open our first AI Lab in Palo Alto to accelerate the use of artificial intelligence, machine learning, data science and natural language processing in the investment process.

Women with child, exercising

2019
We launch the BlackRock Retirement Solutions Group to explore innovative solutions to the most pressing retirement challenges.

Blackrock founders, 1988

1988
Eight people, who shared a determination to put clients’ needs and interests first, start a company, which we ultimately named BlackRock in 1992.

BlackRock Alladin

1999
We begin to sell our proprietary technology, Aladdin®, to bring transparency, scale and innovation to risk management.

BlackRock founders at initial public offering

1999
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.

Aladdin new logo

2000
We launch BlackRock Solutions, with Aladdin® as the basis for the business and paved the way for our future as a technology provider.

Bell ringing

2006
We acquire Merrill Lynch Investment Management (MLIM), expanding our retail and international presence.

Ping pong balls representing market volatility

2008
We play a key advisory role to institutions across the globe seeking to navigate the financial crisis.

BlackRock offices, exterior

2009
We acquire Barclay’s Global Investors (BGI), becoming the world’s largest asset manager, with employees in 24 countries.

iShares

2012
We launch iShares Core to provide investors with a low-cost, tax-efficient foundation for their portfolios.

Diverse shapes

2016
We leverage our diverse platform and portfolio construction technology to support a changing wealth management landscape.

Fiduciary

2017
We further increase our commitment to Investment Stewardship, emphasizing the importance of purpose to long-term profitability.

Technology

2018
We open our first AI Lab in Palo Alto to accelerate the use of artificial intelligence, machine learning, data science and natural language processing in the investment process.

Women with child, exercising

2019
We launch the BlackRock Retirement Solutions Group to explore innovative solutions to the most pressing retirement challenges.

What we stand for

BlackRock’s long-term success depends on our ability to fulfill our mission of creating better financial futures for our clients. As we pursue that mission, we are guided by our culture and a set of principles that ensure we never forget what we stand for – to help more and more people experience financial well-being. That is our ultimate purpose.

We seek to hire people who believe in this pursuit and our values, known as the BlackRock Principles:

Put simply, our mission is what we do. Our principles describe how we work and our purpose explains the reason we exist. Our dedication to this cause is what drives our long-term strategy and the evolution of our business. It’s also what inspires our employees and helps deepen relationships with our clients.

Our culture

We are building a culture where people can thrive. Where every voice can contribute and help drive innovation and performance.

Our culture is highly collaborative and entrepreneurial. We work in a fast-paced, sometimes intense, environment that encourages – and allows – us to challenge ourselves and one another. We look for opportunities to learn and develop great teams and leaders.

We want people to take ownership of their work and create sound financial futures for themselves and their families, as well as give back to their local communities and society at large. All while never forgetting our purpose as a company and always striving to help our clients meet their goals.

 

Working in finance myths

Cake cutting ceremony, pride day

Minority women at BlackRock

Award-winning workplace

Indeed

Top-Rated Workplaces in 2019 (Top 50), 2019

Glassdoor

Highest Rated CEOs
US: 2016-2018
UK: 2017-2019

Fortune

World’s Most Admired Companies,
2014-2019

Human Rights Campaign

Corporate Equality Index (perfect score), 2013-2019

Pensions & Investments

Best Places to Work in Money Management, 2014-2018

eFinancial Careers

#1 Ideal Employer in Asset Management, 2017-2018

LinkedIn

Top Companies, 2016-2017

The BID

Money talks, stress walks

Money is ranked the #1 source of stress in people’s lives, higher than physical health, work or family. But while we’re often willing to talk about the rest of these stressors, money is surrounded by taboo. How can we turn this concept into an approachable part of cultural conversation?

Listen to podcast

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