Morningstar Rating

Stock Research and Analysis

by Greggory Warren, CFA

Bulls Say

BlackRock is the largest asset manager in the world, with $4.525 trillion in total AUM and clients in more than 100 countries.
Product diversity and a heavier concentration in the institutional channel have traditionally provided BlackRock with a much stickier set of assets than its peers.
BlackRock's well diversified product mix makes it agnostic to shifts among asset classes and investment strategies, limiting the impact that market swings and/or withdrawals from individual asset classes or investment styles can have on its AUM. Read more 

Bears Say

The sheer size and scale of BlackRock's operations could end up being the biggest impediment to the firm's AUM growth longer term.
Despite accounting for two thirds of total long-term AUM, institutional clients generate less than one third of BlackRock's long-term base fees given the lower fee structure attached to these large investment mandates.
While actively managed funds account for just over one third of total long-term AUM, they account for more than half of long-term base fees, increasing the pressure on BlackRock to fix its active equity and fixed-income offerings. Read more 

Management

Larry Fink has been chairman and CEO of BlackRock since the company first went public in 1999, having run the entities that would eventually be formed into the asset management firm since 1988. Fink's exceptional leadership has been the driving force   Read more 

Profile

BlackRock provides investment management services primarily for institutional investors. At the end of the third quarter of 2014, the firm had $4.525 trillion in total AUM   Read more 

3 Long-Term Stock Picks in a Market With Few Opportunities 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.