Skip to content
Welcome to the BlackRock site for wealth managers
Before you proceed, please take a moment to review and accept the following Terms and Conditions.
This section includes investor type descriptions for professional clients and market counterparties.
Professional client
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
- a supranational organisation whose members are either countries, central banks or national monetary authorities
• a government, government agency, central bank or other national monetary authority of any country or jurisdiction
• a public authority or state investment body
• an Authorised Market Institution, Regulated Exchange or regulated clearing house
• a Regulated Financial Institution or the management company of a regulated pension fund;
• a Collective Investment Fund or a regulated pension fund;
• a corporate body whose shares are listed or admitted to trading on any exchange of an IOCSO member country
• trustee of a trust which has, or had during the previous 12 months, assets of at least $10 million;
• a Single Family Office licensed under the Single Family Office Regulations
• a person classified as a ‘large undertaking’ who meetstwoof the following criteria (i) a balance sheet total of at least $20 million; (ii) a net annual turnover of at least $40 million or (iii) own funds or called up capital of at least $2 million
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
- the services provided to the client is in relation to the provision of credit including arranging and/or advising on credit
• the services provided to the client relates to corporate structuring and financing such as advice relating to an acquisition, disposal, structuring, restructuring, financing or refinancing of a corporation or other legal entity i.e. takeovers, mergers and capital raising
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
Individuals
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
- the individual (and primary account holder, if relevant) has net assets of at least $1 million; and
• the individual is, or has been, an employee of an authorised firm or a regulated financial institution in the past two years; or
• the individual can provide evidence which demonstrates that they have sufficient knowledge and experience of relevant markets, products and associated risks
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
- has own funds or called up capital of at least $1 million; and
• can evidence that they have sufficient knowledge and experience of relevant markets, products and associated risks
Market counterparties
A Market Counterparty is any person who is either:
- authorised firm;
• regulated financial institution; or
• professional client
VIDEO SERIES
3+1 weekly market insights
“3 Things You Need to Know + 1 You Don’t!”
The 3+1 Active Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading active investors, each episode highlights three perspectives on what’s driving markets today.
The 3+1 Active Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading active investors, each episode highlights three perspectives on what’s driving markets today.
Yes, of course I have a map of middle Earth. I don’t live in the present. I study the past, and I dream of the future. Alright, serious topics.
Good morning. I’m Tony Kim, Head of Fundamental Equities, Global Technology Group. It’s the week of May 18th. And here are three things you need to know, and one you don’t.
Number one. AI capex are approaching one-trillion dollars this year, and the reason: there is a new economy around compute and tokens, effectively a token economy, where compute = revenue. This trend will continue. I suspect this will double to multiple trillions by the end of the decade. And all that technology companies that serve that mission is where we have aligned all of our capital.
Next up. Number two. We have seen one-to-two trillion of market capitalization come out of the software and services. The center of it is around coding and the ability to create software. That has ramifications on the business model of selling code. So how are we investing right now is those aligned with this new token economy around the creation of data, the managing of data, and on the cyber side - the security of the data.
Which brings us to number three. We could have a world where we have AI that builds AI.Humanoid robotics in scale, autonomous vehicles, autonomous transportation systems by the millions. Scientific breakthroughs of AI and quantum computers that can simulate potentially nature. When you see tectonic shifts align yourself with where the puck is going.
And the one thing you don’t need to know… I love movies. I love sci-fi. That’s always been part of my existence. My hot take? The best embodiment of what is happening, The OG. Stanley Kubrick's: 2001 A Space Odyssey. All in that movie is encapsulated questions of the past…the dawn of man. The future. Many of the questions that we ponder today around AI safety. When an entity like HAL– not opening the pod bay doors…
To get more 3+1 and stay up on everything you need to know, and some things you don’t… Make sure to follow us on LinkedIn & YouTube. We’ll see you next week.
3+1 Episode 3: Tony Kim
In this week’s episode of 3+1, Tony Kim, Head of BlackRock Fundamental Equities’ Global Technology team, breaks down the trends driving today’s tech market. He explores the growth of a new compute-driven economy, the implications of falling software costs and how investors can think about positioning as AI progress accelerates.
Previous episodes
©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.
Explore more
Products
Themes
ETFs & Indexing
Insights
© 2026 BlackRock, Inc. All rights reserved.
MKTG0526-5473331-EXP0527