Blackrock Capital Management, Inc. (Wilmington)

Blackrock Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Capital Management: assets under management

The assets under management (AUM) of Blackrock Capital Management, Inc. is $62.82 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 250% since the beginning of its operation, and $53.09 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $62.82 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $532.38 million each.

Blackrock Capital Management has custody of $125.86 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 50% of the total AUM. The second-largest asset type is state and local bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackrock Capital Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Daniel Russell Waltcher is pooled investment vehicles with 7 clients and $49.21 billion of assets under management. Among the 7 most similar advisory firms, Blackrock Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $58.79 billion for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 29% of the firm’s clients are foreign persons or businesses.

Blackrock Capital Management also advises several private funds. Namely, six hedge funds and two liquidity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $5,000,000.

Careers at Blackrock Capital Management, Inc.

The company employs 1,021 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 Oct 1998. Christopher Joseph Meade joined the executive team most recently as the General Counsel And Chief Legal Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 16 indirect owners.

Based in Wilmington

The principal office where Blackrock Capital Management, Inc. performs its advisory services is located at 100 Bellevue Parkway, Wilmington, DE 19809 3700, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-797-2000. 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.

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