Blackrock Fund Advisors (San Francisco)

Name: Blackrock Fund Advisors
Address: 400 Howard Street, San Francisco, CA, 94105
Telephone: 415-670-2000

Blackrock Fund Advisors is a large advisory firm based in San Francisco. It manages $1.5 trillion of regulatory assets for 458 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Blackrock Fund Advisors provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackrock Fund Advisors: assets under management

The assets under management (AUM) of Blackrock Fund Advisors is $1.5 trillion, all of which is managed in discretionary accounts. The firm's AUM has grown by 404% since the beginning of its operation, and $1.3 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.5 trillion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.26 billion each.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blackrock Fund Advisors for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel Russell Waltcher serves?

The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Daniel Russell Waltcher is investment companies with 416 clients and $1.49 trillion of assets under management. Among the 12 most similar advisory firms, Blackrock Fund Advisors has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.5 trillion for 425 clients. 1% of the firm’s clients are foreign persons or businesses.

Blackrock Fund Advisors doesn't advise any private funds.

Careers at Blackrock Fund Advisors

The company employs 409 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Daniel Russell Waltcher has been acting as President since 1 Dec 2009. Christopher Joseph Meade joined the executive team most recently as the General Counsel And Chief Legal Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Blackrock Delaware Holding Inc.	Sole shareholder of applicant	1 Jan 1996	75% - 100%	27-1037825
Blackrock Delaware Holdings Inc.	Sole shareholder of applicant	1 Jan 1996	75% - 100%	27-1037825
N.A. Blackrock Institutional Trust Company	Sole shareholder of applicant	1 Jan 1996	75% - 100%	94-3112180
Charles Choon Sik Park	Chief compliance officer	1 Aug 2006	Other	2704483
Laurence Douglas Fink	Chief executive officer & chairman	1 Dec 2009	Other	830137
Robert Steven Kapito	President & director	1 Dec 2009	Other	728399
Daniel Russell Waltcher	Director	1 Dec 2009	Other	2903300
Robert Peter Connolly	General counsel, secretary, & managing director	1 Dec 2009	Other	2024363
Ann Marie Petach	Chief financial officer & managing director	1 Dec 2009	Other	5569378
Susan Lynne Wagner	Vice chairman & co-chief operating officer	1 Dec 2009	Other	1310482
Charles Shaul Hallac	Vice chairman & co-chief operating officer	1 Dec 2009	Other	1523213
Daniel R Waltcher	Director	1 Dec 2009	Other	2903300
Matthew Jonathan Mallow	General counsel	1 Feb 2012	Other	6033549
Matthew J. Mallow	General counsel	1 Feb 2012	Other	6033549
Joseph Feliciani	Chief financial officer	1 May 2013	Other	5773942
Joseph Nmn Feliciani	Chief financial officer	1 May 2013	Other	5773942
Charles Shaul Hallac	Co-president	1 Jun 2014	Other	1523213
Robert Lawrence Goldstein	Cheif operating officer	1 Jun 2014	Other	2253416
Charles Shaul Hallac	Co-president	1 Jul 2014	Other	1523213
Robert Lawrence Goldstein	Chief operating officer	1 Jul 2014	Other	2253416
Gary Stephen Shedlin	Chief financial officer	1 Apr 2015	Other	2094106
Gary Stephen Shedlin	Director	1 Jun 2015	Other	2094106
Robert Lawrence Goldstein	Director	1 Jun 2015	Other	2253416
Christopher Joseph Meade	General counsel and chief legal officer	1 Nov 2016	Other	6728448

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Blackrock Financial Management	Sole member	1 Oct 1994	75% - 100%	13-3806691
Inc. Blackrock	Sole shareholder	1 Sep 2006	75% - 100%	32-0174431
Inc. Blackrock Holdco 2	Sole shareholder	1 Sep 2006	75% - 100%	68-0635711
Llc Blackrock Holdco 4	Sole member	1 Sep 2009	75% - 100%	27-1438207
Llc Blackrock Holdco 5	Sole member of 100% preferred interests	1 Sep 2009	Other	27-1438320
Llc Blackrock Holdco 6	Sole shareholder	1 Sep 2009	75% - 100%	27-1438468
Blackrock Delaware Holding Inc.	Sole shareholder	1 Sep 2009	75% - 100%	27-1037825
Llc Blackrock Holdco 4	Sole member	1 Dec 2009	75% - 100%	27-1438207
Llc Blackrock Holdco 5	Sole member of 100% preferred interests	1 Dec 2009	Other	27-1438320
Llc Blackrock Holdco 6	Sole shareholder	1 Dec 2009	75% - 100%	27-1438468
Blackrock Delaware Holding Inc.	Sole shareholder	1 Dec 2009	75% - 100%	27-1037825

Based in San Francisco

The principal office where Blackrock Fund Advisors performs its advisory services is located at 400 Howard Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-670-2000. The normal business hours are 7:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at blackrock.com.