{
  "crd_number": 107105,
  "slug": "blackrock-financial-management-inc-new-york-ny-107105",
  "primary_business_name": "BLACKROCK FINANCIAL MANAGEMENT, INC",
  "legal_name": "BLACKROCK FINANCIAL MANAGEMENT, INC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1995-02-28",
  "years_registered": 31,
  "period": "2026-10-01",
  "filing_date": "2026-08-27",
  "carried_forward": false,
  "raum_total": 1595099828916.0,
  "raum_discretionary": 1592825862153.0,
  "raum_non_discretionary": 2273966763.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 7987,
  "advisory_employees": 889,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 79123101.0,
      "count": null,
      "description": "INSURANCE - GENERAL ACCOUNT",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 28582354196.0,
      "count": 58
    },
    "individuals": {
      "raum": 1603926.0,
      "count": 6
    },
    "banking_thrift": {
      "raum": 839141433.0,
      "count": 6
    },
    "state_municipal": {
      "raum": 172829187022.0,
      "count": 54
    },
    "insurance_companies": {
      "raum": 457645185538.0,
      "count": 294
    },
    "investment_companies": {
      "raum": 17373069588.0,
      "count": 21
    },
    "pension_profit_sharing": {
      "raum": 163893476960.0,
      "count": 154
    },
    "other_investment_advisers": {
      "raum": 8763349958.0,
      "count": 9
    },
    "high_net_worth_individuals": {
      "raum": 5434214822.0,
      "count": 64
    },
    "pooled_investment_vehicles": {
      "raum": 548161289739.0,
      "count": 399
    },
    "corporations_other_businesses": {
      "raum": 101077223020.0,
      "count": 195
    },
    "sovereign_wealth_foreign_official": {
      "raum": 90420609613.0,
      "count": 49
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 11,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://blackrock.com",
    "https://douyin.com/user/MS4wLjABAAAATX0BkoY3SXPImjHUWTdWi02SNLwyACHjdmAnkjp298lIw88FuDLmYo-nln-UitiK",
    "https://facebook.com/BlackRock",
    "https://facebook.com/iShares",
    "https://instagram.com/blackrock",
    "https://ishares.com",
    "https://line.naver.jp/ti/p/@blackrocktw",
    "https://linkedin.com/company/blackrock",
    "https://linkedin.com/company/ishares",
    "https://mp.weixin.qq.com/mp/profile_ext?__biz=MzIzMTc3MTQ2Mw%3D%3D&action=home&scene=124",
    "https://tiktok.com/@blackrock?lang=en",
    "https://twitter.com/blackrock",
    "https://twitter.com/ishares",
    "https://youtube.com/channel/UC61MWzrpcsazp23LOxCsTcg",
    "https://youtube.com/channel/UCrIXkHfv2tMzebAI1TcdDhg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107105",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.G",
      "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?"
    },
    {
      "item": "11.H(1)(c)",
      "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?"
    },
    {
      "item": "11.H(2)",
      "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/blackrock-financial-management-inc-new-york-ny-107105",
  "display_name": "Blackrock Financial Management, Inc",
  "summary": "Blackrock Financial Management, Inc is an SEC-registered investment advisory firm in New York, NY, registered since 1995, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 27, 2026.",
  "citation": "AdvisorCensus. Blackrock Financial Management, Inc (CRD 107105): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development 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 advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Blackrock Financial Management, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Blackrock Financial Management, Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Blackrock Financial Management, Inc located?",
      "a": "Blackrock Financial Management, Inc's principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 18 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Blackrock Financial Management, Inc registered with the SEC or a state?",
      "a": "Blackrock Financial Management, Inc is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 107105."
    },
    {
      "q": "How much does Blackrock Financial Management, Inc manage?",
      "a": "Blackrock Financial Management, Inc reports $1,595,099,828,916 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Blackrock Financial Management, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Blackrock Financial Management, Inc: Regulatory assets under management: $1,145,405,781,401 in the October 2021 data and $1,595,099,828,916 in the October 2026 data, up 39%. Total employees: 5,644 in October 2021 and 7,987 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Blackrock Financial Management, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (399); insurance companies (294); corporations or other businesses not listed above (195)."
    },
    {
      "q": "Which custodians does Blackrock Financial Management, Inc use?",
      "a": "Blackrock Financial Management, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, N.A., JP Morgan Chase Bank N.A., SSB New York Institutional, State Street Bank & Trust Company and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Blackrock Financial Management, Inc report any disciplinary disclosures?",
      "a": "Reports 11 disclosure items on Form ADV Item 11: yes answers to 9 questions about regulatory matters and 2 questions about civil court matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.E(2), 11.G, 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107105"
    },
    {
      "q": "What changed in Blackrock Financial Management, Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 828 to 889. Regulatory assets under management went from $1,327,868,750,254 to $1,595,099,828,916 (+20%). Changed its office addresses in Chicago, IL. Changed its office addresses in Houston, TX. Added an office in Dallas, TX. Added an office in Miami, FL. Added an office in Wilmington, DE. No longer lists an office in New York, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1145405781401.0,
      "total_employees": 5644,
      "filing_date": "2021-08-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1318243655697.0,
      "total_employees": 6043,
      "filing_date": "2022-09-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1163046943604.0,
      "total_employees": 6491,
      "filing_date": "2023-08-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1288497806439.0,
      "total_employees": 6407,
      "filing_date": "2024-09-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1327868750254.0,
      "total_employees": 7410,
      "filing_date": "2025-07-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1595099828916.0,
      "total_employees": 7987,
      "filing_date": "2026-08-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 828 to 889.",
        "Regulatory assets under management went from $1,327,868,750,254 to $1,595,099,828,916 (+20%).",
        "Changed its office addresses in Chicago, IL.",
        "Changed its office addresses in Houston, TX.",
        "Added an office in Dallas, TX.",
        "Added an office in Miami, FL.",
        "Added an office in Wilmington, DE.",
        "No longer lists an office in New York, NY."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon, N.A.",
      "name_as_filed": "BANK OF NEW YORK MELLON, N.A.",
      "affiliated": false
    },
    {
      "name": "JP Morgan Chase Bank N.A.",
      "name_as_filed": "JP MORGAN CHASE BANK N.A.",
      "affiliated": false
    },
    {
      "name": "SSB New York Institutional",
      "name_as_filed": "SSB NEW YORK INSTITUTIONAL",
      "affiliated": false
    },
    {
      "name": "State Street Bank & Trust Company",
      "name_as_filed": "STATE STREET BANK & TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/blackrock-financial-management-inc-new-york-ny-107105.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 1603926.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 64,
      "fewer_than_5": false,
      "raum": 5434214822.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 6,
      "fewer_than_5": false,
      "raum": 839141433.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 21,
      "fewer_than_5": false,
      "raum": 17373069588.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 399,
      "fewer_than_5": false,
      "raum": 548161289739.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 154,
      "fewer_than_5": false,
      "raum": 163893476960.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 58,
      "fewer_than_5": false,
      "raum": 28582354196.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 54,
      "fewer_than_5": false,
      "raum": 172829187022.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 9,
      "fewer_than_5": false,
      "raum": 8763349958.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 294,
      "fewer_than_5": false,
      "raum": 457645185538.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 49,
      "fewer_than_5": false,
      "raum": 90420609613.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 195,
      "fewer_than_5": false,
      "raum": 101077223020.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 79123101.0
    }
  ],
  "disclosure_line": "Reports 11 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107105",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}