BlackRock
Merrill Lynch Curbs New Investments in BlackRock-managed SMAs
The decision to “soft close” managed commission accounts that Merrill has offered for 36 years and that hold $45 billion reflects Reg BI-era restrictions, the firm said.
Advisors Step Up Portfolio Risk Analysis to Calm Clients, Gather More Assets
Risk-management software usage skyrockets as advisors seek to persuade homebound clients to stress-test portfolios and consolidate more held-away assets with them.
BlackRock Shed $1 Trillion AUM in First Quarter, Profit Fell 23%
Sales of Aladdin risk and portfolio management software used by some wealth managers accelerate during the coronavirus crisis.
BlackRock Employee in New York Tests Positive for Coronavirus
BlackRock Inc., the world’s biggest asset manager, said that an employee in New York City tested positive for coronavirus.
BlackRock Amasses $7 Trillion of Assets on Record Net Inflow
World’s biggest asset manager attracted $429 billion in new money in 2019, with $75 billion pouring into ETFs in the fourth quarter.
BlackRock’s Fink: Zero Commissions at Brokers Should Boost iShares Growth
Despite no-cost trading for RIAs and self-directed investors, BlackRock will not pull off of Fidelity’s no-commission ETF platform to save costs, said CEO Larry Fink.
BlackRock’s Tech Services Unit Flourishes as Advisory Fees Lag
Sales of Aladdin risk and portfolio management software to wealth managers help offset lower revenue from active-fund management.
BlackRock Looks to Five ‘Megatrends’ to Expand Its ETF Business
The world’s largest asset manager, which runs some of the cheapest investment products available, plans to place a greater focus on the quality of the engineering, construction and management of its funds going forward, according to Armando Senra, who recently took over as head of the firm’s exchange-traded fund business for the U.S., Canada and Latin America.
BlackRock Starts Biggest Organization Overhaul in Years: Memo
BlackRock Inc. is launching its largest sweeping organizational overhaul in years, according to an internal memo.
BlackRock Exposed Personal Data on 12,000 LPL Brokers
A data leak revealed last week at BlackRock Inc. exposed names, email addresses and other information of about 20,000 advisers who are clients of the asset manager, including 12,000 at LPL Financial, the largest U.S. independent broker dealer.
BlackRock Exposes Data on Thousands of Advisors on iShares Site
BlackRock Inc., the world’s largest asset manager, inadvertently posted confidential information about thousands of financial advisor clients on its website.
