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Who We Are

BlackRock employees on yellow couch

Investing on behalf of our clients is our business

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.

Our story

BlackRock was founded in 1988 by eight colleagues with a single goal – to provide a more thoughtful, analytical approach to investing that could deliver better returns for investors.

Thirty-five years later, BlackRock is still a fiduciary. The money we manage is not our own. We invest it on clients’ behalf and for their benefit. Today, BlackRock’s clients include large institutions: charities, family offices, private pension plans, government pension plans and more. Half the money BlackRock manages is for retirement.

In the beginning, BlackRock attracted clients by providing a deeper level of insight into how their money was being invested. The firm developed a software system called “Aladdin,” which could analyze a portfolio and assess thousands of risk factors to offer a forward-thinking view.

By the early 2000s, BlackRock had become a global company. We'd grown from eight people in a tiny New York office to thousands of investment professionals around the globe, and that growth allowed us to improve the investing process further. We weren’t just offering more advanced risk management technology anymore. Through products like iShares, we were able to make investing cheaper, helping more clients keep more of what they earned, especially for retirement.

As BlackRock has grown, what has really set us apart is choice. To us, being a good fiduciary means being equipped to help clients no matter what they want to invest in. After all, there’s no one way to invest your money. People’s investing preferences are constantly changing because the world is changing. And BlackRock will continue to be there, supporting our clients, every step of the way.

Our journey to today

1

Building the foundation

  • 1988: Eight people, who shared a determination to put clients’ needs and interests first, start a company, which we ultimately name BlackRock in 1992.
  • 1999: We begin to sell our proprietary technology, Aladdin®, to bring transparency, scale and innovation to risk management.
  • 1999: We make our IPO on the New York Stock Exchange on October 1 at $14 a share. By the end of the year, we have $165B in assets under management.
  • 2000: We launch BlackRock Solutions, with Aladdin® as the basis for the business, and embark on our journey as a technology provider.

2

Strategic acquisitions and expansion

  • 2006: We acquire Merrill Lynch Investment Management (MLIM), expanding our retail and international presence.
  • 2008: We play a key advisory role to institutions around the globe seeking to navigate the financial crisis.
  • 2009: We acquire Barclay’s Global Investors (BGI), becoming the world’s largest asset manager with employees in 24 countries.

3

Innovation and technological advancement

  • 2012: We launch iShares Core to provide investors with a low-cost, tax-efficient foundation for their portfolios.
  • 2016: We leverage our diverse platform and portfolio construction technology to support a changing wealth management landscape.
  • 2017: We further increase our commitment to Investment Stewardship, emphasizing the importance of long-term profitability.
  • 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.
  • 2019: We launch the BlackRock Retirement Solutions Group to explore innovative solutions to the most pressing retirement challenges.

4

Commitment to clients and future growth

  • 2019: We acquire eFront and further strengthen our Aladdin investment operating platform, which is used by more than 225 institutions worldwide.
  • 2021: We acquire Aperio, expanding the breadth of our personalization capabilities via tax-managed strategies.
  • 2023: We formed Jio BlackRock, a 50:50 joint venture with Jio Financial Services Limited, to deliver tech-enabled access to affordable, innovative investment solutions for millions of investors in India.

Our guiding principles

The BlackRock story has been consistently underpinned by a set of guiding principles that have continued to evolve as we do. While our mission explains what we do, our principles describe how we work – they are embedded in every aspect of our business and culture. Learn more about our principles below.

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