Blackrock Financial Management, Inc

Registered investment adviser · New York, NY · CRD #107105

Form ADV data as of 2026-09-01

Regulatory assets

$1.60 trillion

Total accounts

2,283

Employees

7,987

Disclosure events

Firm details

Website: https://www.linkedin.com/company/ishares
Telephone: 212 810 5300
SEC file number: 801-48433
Most recent Form ADV filing: 2026-08-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 11 disclosure questions answered Yes, covering 37 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
A court dismissed an investment-related civil action under a settlement agreement
Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$1.59 trillion
Non-discretionary regulatory assets under management	$2.27 billion
Total regulatory assets under management	$1.60 trillion
Discretionary accounts	2,236
Non-discretionary accounts	47
Total accounts	2,283
Regulatory assets under management attributable to non-U.S. persons	$739.24 billion

People

Total employees (excluding clerical)	7,987
Employees performing investment advisory functions (including research)	889
Employees who are registered representatives of a broker-dealer	591
Employees registered as investment adviser representatives with a state	129
Employees registered as IARs for another investment adviser	123
Employees who are licensed insurance agents	1
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$10.71 billion
Clients for whom the firm has custody	40
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$10.34 billion
Clients for whom a related person has custody	38
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	14

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)

Other business activities

Commodity pool operator or commodity trading advisorOther financial product salesperson

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorCommodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyInsurance company or agencyReal estate broker or dealerSponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	6	$1.6 million
High net worth individuals	64	$5.43 billion
Banking or thrift institutions	6	$839.1 million
Investment companies	21	$17.37 billion
Pooled investment vehicles (other than investment companies and BDCs)	399	$548.16 billion
Pension and profit sharing plans (not the participants or government plans)	154	$163.89 billion
Charitable organizations	58	$28.58 billion
State or municipal government entities (including government pension plans)	54	$172.83 billion
Other investment advisers	9	$8.76 billion
Insurance companies	294	$457.65 billion
Sovereign wealth funds and foreign official institutions	49	$90.42 billion
Corporations or other businesses not listed above	195	$101.08 billion
Other	Not reported	$79.1 million