BlackRock Investing in Growth Is this Sustainable?

I contemplate where markets allocate resources and assets and how the signals are about economic wellbeing not social wellbeing.  It is a major problem as vital resources are pumped into pursuits that serve self interest not global interests given the serious problems humanity is facing. 
 
When I hear of the good they do and the back patting I see no success when the titanic is sinking.
 
BlackRock is interesting it has assets in excess of $125 trillion. How much love can that buy? Imagine if this was invested in real peace and REAL HOPES. I can only dream of a better world that puts the people before profit.
 
2018 Annual Report
 
 
Investing today.
Unlocking tomorrow.
Training for a marathon.
Learning to play an instrument.
And investing for the future.
In order to succeed tomorrow,
you have to take action today —
and keep at it.
 
Investing on behalf of clients is BlackRock’s business.
And because we have 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 achieve better financial
futures and, ultimately, experience financial well-being
 
https://www.blackrock.com/corporate/about-us/blackrock-history

HISTORY

1999

BlackRock makes its Initial Public Offering on the New York Stock Exchange on October 1st, for $14 a share. By the end of that year, the firm had $165 billion in assets under management due to its strengthening relationships with global institutions.

2000

BlackRock founds BlackRock Solutions, with Aladdin as the basis for the business. This marked the beginning of BlackRock’s role as a technology provider.

2006

BlackRock acquires Merrill Lynch Investment Management, expanding its retail and international presence.

2008

Amidst the financial crisis, the Head of the Federal Reserve Bank of New York asks BlackRock to analyze Bear Stearns’ mortgage-backed securities assets and determine their value. BlackRock plays a key advisory role to institutions across the globe seeking to navigate the financial crisis. 

2009

BlackRock acquires Barclay’s 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.

2012

BlackRock launches iShares Core to provide investors with broad stock and bond market exposure at the foundation of their portfolios in a low-cost and tax-efficient way.

2016

Given the changing wealth management landscape, BlackRock focuses on providing portfolio construction expertise to financial advisors by leveraging our diverse platform and portfolio construction technology. Aladdin Wealth, which benefits from the same data and risk capabilities used by our own investment teams, is sold to our first wealth management client.  

2017

BlackRock further increases our commitment to Investment Stewardship, emphasizing the importance of purpose to long-term profitability. Through this work and the overall dedication to Investment Stewardship over the past seven years, we go beyond proxy voting to engage with companies to drive long-term, sustainable financial performance and ultimately the value of our clients’ assets.

2018

BlackRock launches its first AI Lab in Palo Alto to accelerate its use of artificial intelligence and associated disciplines – machine learning, data science, natural language processing – to improve outcomes and drive progress for investors, clients and the firm.

2019

BlackRock further focuses its role in the retirement crisis, launching BlackRock Retirement Solutions Group. With two thirds of the assets we manage related to retirement, this new initiative was formed to explore innovative solutions to the most pressing retirement challenges.

*Source: BlackRock. Based on $6.52 trillion in AUM as of 03/31/19.

 
Global needs.
Growth opportunities.
Please refer to the Important notes section on page 25 for source.
The increasing need for asset management around the world presents significant growth opportunities for BlackRock.
Over the next 4 years, global industry assets under management are expected to grow by $30 trillion to $125 trillion.
 
ANNUAL REPORT pdf:
http://ir.blackrock.com/Cache/1001251220.PDF?O=PDF&T=&Y=&D=&FID=1001251220&iid=4048287  
 
https://www.blackrock.com/corporate/about-us/global-impact

Global impact

Worldwide reach. Local service
and relationships.

With 70 offices in 30 countries, BlackRock is a truly global firm that can combine the benefits of worldwide reach with local service and relationships. We manage assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa.

 

Over 70 offices in more than 30 countries

BlackRock office locations

100+ countries where we have clients

Countries with clients

Clients and partners

BlackRock is trusted by clients of all types, from individual investors from all walks of life to pension funds, endowments, foundations and sovereign wealth funds as well as companies and governments facing significant financial challenges.
We work for
We work for
Foundations
Doctors and nurses
Firefighters and teachers
Parents and grandparents
Sovereign wealth & pension funds
We've advised
We’ve advised
AIG
UBS
Bank of Greece
Her Majesty’s Treasury
Central Bank of Ireland
Federal Reserve Bank of NY
We partner with
We partner with
ING
AT&T
HSBC
Google
MetLife
Freddie Mac
Merrill Lynch
Morgan Stanley

Assets managed for clients in 100 countries

Percent AUM by region

Mohandas Gandhi

“Each one has to find his peace from within. And peace to be real must be unaffected by outside circumstances.”

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