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
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.
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
