Letter to shareholders

$5.1T
IT’S MORE
THAN A NUMBER

IT’S PEOPLE'S
FUTURE

$5.1T: assets that BlackRock is trusted to manage on behalf of our clients

BlackRock manages assets for institutional and retail clients across a range of products, including iShares ETFs. More than two-thirds of the assets we manage are related to retirement, through pension and defined contribution plans, and intermediaries on behalf of individuals.

ASSETS BY CLIENT TYPE
  • 64% Institutional
  • 25% iShares®
  • 11% Retail
With more than $5.1 trillion in assets under management, BlackRock is trusted to manage more money than any other investment firm in the world — but $5.1 trillion is more than just a number.
The assets we manage do not belong to us. They belong to our clients. And those assets represent our clients’ futures — from buying a home, to paying tuition for college, to affording the simple basics in retirement.
That is why each of our employees works every single day towards a common goal: to create better financial futures for our clients.
We help the world’s largest pension funds keep their promises to their employees, insurance companies honor their obligations to their policyholders and equip financial advisors with holistic tool sets to fulfill their fiduciary duties to their clients. Like the firefighters, teachers, police officers, nurses and countless others who are always there for us —
BLACKROCK IS THERE FOR THEM.
In a period of historically low yields, macroeconomic and political uncertainty, and technological change, clients are turning to BlackRock more than ever. Clients want safety, clarity and to trust that we are working in their best interest. Our responsibility to our clients is our only business — and we continue to invest in BlackRock so that as the world changes, we can evolve and continue to help our clients achieve their investment goals.