Team players
OUR COLLECTIVE INTELLIGENCE

Family Offices

Our dedicated family office team leverages the resources, relationships and insights of BlackRock to help family offices of all sizes achieve their objectives across a full range of private and public markets.
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We partner with family offices to help you reach your most important goals

Value Proposition

01

Market expertise

We offer tailored portfolio analytics leveraging Aladdin technology, market insights through research reports.

02

Investment & technology solutions

We provide a range of solutions both within asset classes and across whole portfolios to help you achieve your objectives.

03

Network intelligence

We know you excel but we believe that outside input is always helpful. That is why we bring our experts to you: enabling introductions with like-minded Families so you can connect on a human level.

We leverage our Collective Intelligence to become your long-term partner and help you achieve your objectives

Our dedicated family office team leverages the depth and breadth of BlackRock to deliver investment solutions that are aligned with family office priorities. From preserving wealth to maintaining cash flow to outperforming public markets, our family office clients use BlackRock’s full spectrum of public and private markets strategies to help secure their financial futures.

Collective Intelligence: we understand that you are highly sophisticated investment professionals and we are here to support you by bringing the breadth of our resources: our collective market, technology and network intelligence - to you.

Quotation start

With regional offices throughout LatAm, BlackRock's dedicated family office team serves as a central community for investment and risk management. - Pablo Arteaga, Head of BlackRock's Family Office Business, Latin America.

Quotation end
Pablo Arteaga Head of BlackRock’s Family Office Business, LatAm

Our Solutions

Increase40
years committed to cash and liquidity

Differentiated liquidity solutions: we have reached scale through our 40+ years commitment to cash and liquidity solutions during all market cycles, garnering trust by exceeding expectations.

Increase1000
ETFs globally

Tracking the market efficiently: we have huge breadth and depth of market knowledge as the largest ETF provider globally with over 1,000 ETFs across most asset classes and with flexible structures.

$279
Billion’s dollars in alternative assets managed under LatAm

Outperformance with true partnership: we have designed a $297B 1 alternatives platform to deliver better aligned high quality investments, no matter the market cycle.

Increase140
Investment professionals

Holistic tailored solutions: we have 140+ professionals developing tailor made investment solutions, outsourced solutions including asset allocation, manager selection & risk management.

Increase5000
portfolio stress tests a week

Robust analytics & risk management: feel confident in the robustness of our analytics, as Aladdin monitors 2,000+ risk factors each day and performs 5,000 portfolio stress tests and 180 million option-adjusted calculations each week.

Source: BlackRock, data as of 31 December 2020 unless otherwise noted. 1 Data as of March 31, 2021, includes Currencies and Commodities; includes Private Credit, Multi-Strategy Credit and Managed CLOs only. While proprietary technology platforms may help manage risk, risk cannot be eliminated. There is no guarantee that a positive investment outcome will be achieved.

Family Office video series

The World Ahead: Family Office Collective Intelligence Video Series
The Family Office Collective Intelligence Video Series – is a unique digital series featuring interactive video “conversations”, addressing topics of interest and challenges facing families of great wealth, including alternative investments, sustainability, wealth transfer, risk management and asset allocation, and digital adoption.
Family Offices and Foundations

The World Ahead
The Family Office Collective Intelligence Video Series
Investing with an Impact: The New Frontier
Caroline:
I’m Caroline Brady, Product Strategist for Impact Investing at BlackRock.

2020 represented a watershed moment for sustainable investing in Latin America and the world. Looking back over 18 months ago, sustainable was viewed as more of a ‟nice to have.” Today, it is part of every conversation we discuss – and arguably, it is now time for Family Offices to move from learning about sustainable investing to actively incorporating it. Simply put – sustainable investing is here to stay.

In BlackRock’s ‟Inside View” Survey, one of the three key themes that emerged was an increasing interest in sustainability - 80% of Family Office respondents indicated that they are starting to engage in some form of sustainable investing but overall allocations within portfolios remain relatively low: with 22% in EMEA, 14% in the US, and a mere 3% of portfolios in Latin America, as of today.

The intent to ‟do more” is driven by the interest and demand of the next generation of family members in addition to a growing recognition and proven data that pursuing positive social, societal and environmental outcomes through investments does not compromise returns.

Today, we’re joined by Eric Rice, Head of Fundamental Equities Impact Investing at BlackRock and the Portfolio Manager of the Flagship Global Impact Fund. 
Eric, with your wealth of knowledge and many years of expertise in the field, being known as the ‟Architect of Impact Investing and Public Equities”; how does investing solve for the investment needs of family office investors?

Eric:
What we’ve realized, Caroline, is almost a decade ago when we started looking at this, we were hearing from families that they had this dilemma: How do I do something with my wealth that is going to generate positive measurable impact outcomes? You know, in social or environmental solutions to the world’s biggest problems but at the same time ensure that I’m getting a return, that I’m maximizing the alpha on my wealth.

And as you think about that ESG pops up as a sort of an answer; but this is not ESG investing. ESG investing is about how companies operate, you know, so you can imagine a company like Coca-Cola, a very highly rated ESG company because they treat their employees well, because they have good environmental practices, but what we’re talking about is not how companies operate but how companies do.

We’re investing in companies whose goods and services are solving the great social and environmental problems of the world. That’s the big difference. So, examples in Latin America of our impact companies are, for instance, MRV, the affordable housing developer in Brazil, or Mercado Libre from Argentina, or Orbi Advanced in Mexico all of which have strong returns over these last year and are part of our universe of more than a thousand companies globally.

Caroline:
Thanks, Eric. You’ve touched a such an important point. Impact investing is being focused on maximizing long term returns. So, what in your eyes makes a company impactful and how to create a universe?

Eric:
We have some very clear criteria for this. The first thing is: are these companies aligned with our Impact Themes? And those are themes around people - like access to education, access to healthcare, safety and security or around the environment; cleaning up the mess of the environment, renewable power, electrification, digitization, there are more than that, but we have a set of themes that we identify and that is what you might consider a ‟Thematic portfolio”. 
Which makes an ‟impact portfolio” is, first of all, materiality. Which means that every company in there has to be at least 50% oriented toward those impact goals. And, as well, what we call additionality. Additionality means that if it weren´t for the fact that this company existing, that problem wouldn’t be getting solved. And so typically, that comes from the company either having new technologies or new business models or bringing that to a population that hasn’t been served before. And through that, we have companies that are real agents of change in the world.

Caroline:
Thanks Eric. So just to drill down a little bit more on to the financial returns and elements of impact investing; how do you think about return generation as a Portfolio Manager?
Eric: 
I’d say two parts. One is being really disciplined about what each company that would go in the portfolio is going to achieve. So, we have an overall target of MSCI ACWI, the Global Equities Index plus 4%, so we have to be very disciplined that every company is, by our forecast, going to achieve that hurdle rate or more.

The second part of that is that we have very different companies. So, if you have a very early stage company, a company doing electric vehicle charging stations; you’re going have to look for that company to achieve an even higher hurdle rate ex-anti, because you want to be sure that portfolio as a whole gets you to Global Equities plus 4%.

The other thing that we focus on is Risk Management. We have a multifaceted approach to risk management. It goes from the fact that having different stage companies, having a broad range of geographies, and also statistically keeping track of every aspect of the risk. And I think that’s the reason why we’ve been able to have an alpha-oriented portfolio over such a long time.

Caroline:
And it’s true this type of approach delivering strong returns alongside measurable impact that has contributed to a large optic and asset gathering across impact investing in the last year. But with Family Office clients that we’ve being working with we are now in the implementation phase. However, we are still in relatively early stages of this switch.

At BlackRock, we're working tirelessly to keep up with client interest, learnings, and demand. And in 2020 alone, our platform doubled in assets under management, and we were close to doubling the number of strategies available for our clients. As we look toward 2021 and beyond, we will continue to focus on innovating and leading in this space – together with you, our clients.

Thank you.

The World Ahead
The Family Office Collective Intelligence Video Series
Investing with an Impact: The New Frontier
Caroline:
I’m Caroline Brady, Product Strategist for Impact Investing at BlackRock.

2020 represented a watershed moment for sustainable investing in Latin America and the world. Looking back over 18 months ago, sustainable was viewed as more of a ‟nice to have.” Today, it is part of every conversation we discuss – and arguably, it is now time for Family Offices to move from learning about sustainable investing to actively incorporating it. Simply put – sustainable investing is here to stay.

In BlackRock’s ‟Inside View” Survey, one of the three key themes that emerged was an increasing interest in sustainability - 80% of Family Office respondents indicated that they are starting to engage in some form of sustainable investing but overall allocations within portfolios remain relatively low: with 22% in EMEA, 14% in the US, and a mere 3% of portfolios in Latin America, as of today.

The intent to ‟do more” is driven by the interest and demand of the next generation of family members in addition to a growing recognition and proven data that pursuing positive social, societal and environmental outcomes through investments does not compromise returns.

Today, we’re joined by Eric Rice, Head of Fundamental Equities Impact Investing at BlackRock and the Portfolio Manager of the Flagship Global Impact Fund. 
Eric, with your wealth of knowledge and many years of expertise in the field, being known as the ‟Architect of Impact Investing and Public Equities”; how does investing solve for the investment needs of family office investors?

Eric:
What we’ve realized, Caroline, is almost a decade ago when we started looking at this, we were hearing from families that they had this dilemma: How do I do something with my wealth that is going to generate positive measurable impact outcomes? You know, in social or environmental solutions to the world’s biggest problems but at the same time ensure that I’m getting a return, that I’m maximizing the alpha on my wealth.

And as you think about that ESG pops up as a sort of an answer; but this is not ESG investing. ESG investing is about how companies operate, you know, so you can imagine a company like Coca-Cola, a very highly rated ESG company because they treat their employees well, because they have good environmental practices, but what we’re talking about is not how companies operate but how companies do.

We’re investing in companies whose goods and services are solving the great social and environmental problems of the world. That’s the big difference. So, examples in Latin America of our impact companies are, for instance, MRV, the affordable housing developer in Brazil, or Mercado Libre from Argentina, or Orbi Advanced in Mexico all of which have strong returns over these last year and are part of our universe of more than a thousand companies globally.

Caroline:
Thanks, Eric. You’ve touched a such an important point. Impact investing is being focused on maximizing long term returns. So, what in your eyes makes a company impactful and how to create a universe?

Eric:
We have some very clear criteria for this. The first thing is: are these companies aligned with our Impact Themes? And those are themes around people - like access to education, access to healthcare, safety and security or around the environment; cleaning up the mess of the environment, renewable power, electrification, digitization, there are more than that, but we have a set of themes that we identify and that is what you might consider a ‟Thematic portfolio”. 
Which makes an ‟impact portfolio” is, first of all, materiality. Which means that every company in there has to be at least 50% oriented toward those impact goals. And, as well, what we call additionality. Additionality means that if it weren´t for the fact that this company existing, that problem wouldn’t be getting solved. And so typically, that comes from the company either having new technologies or new business models or bringing that to a population that hasn’t been served before. And through that, we have companies that are real agents of change in the world.

Caroline:
Thanks Eric. So just to drill down a little bit more on to the financial returns and elements of impact investing; how do you think about return generation as a Portfolio Manager?
Eric: 
I’d say two parts. One is being really disciplined about what each company that would go in the portfolio is going to achieve. So, we have an overall target of MSCI ACWI, the Global Equities Index plus 4%, so we have to be very disciplined that every company is, by our forecast, going to achieve that hurdle rate or more.

The second part of that is that we have very different companies. So, if you have a very early stage company, a company doing electric vehicle charging stations; you’re going have to look for that company to achieve an even higher hurdle rate ex-anti, because you want to be sure that portfolio as a whole gets you to Global Equities plus 4%.

The other thing that we focus on is Risk Management. We have a multifaceted approach to risk management. It goes from the fact that having different stage companies, having a broad range of geographies, and also statistically keeping track of every aspect of the risk. And I think that’s the reason why we’ve been able to have an alpha-oriented portfolio over such a long time.

Caroline:
And it’s true this type of approach delivering strong returns alongside measurable impact that has contributed to a large optic and asset gathering across impact investing in the last year. But with Family Office clients that we’ve being working with we are now in the implementation phase. However, we are still in relatively early stages of this switch.

At BlackRock, we're working tirelessly to keep up with client interest, learnings, and demand. And in 2020 alone, our platform doubled in assets under management, and we were close to doubling the number of strategies available for our clients. As we look toward 2021 and beyond, we will continue to focus on innovating and leading in this space – together with you, our clients.

Thank you.

BlackRock’s latest insights for family office investors

Inside view: BlackRock Global Family Office Survey

2020 was a year unlike any other.

To understand how family offices across the globe are navigating it, we:

Surveyed 185 participants
Conducted 20 interviews

They gave us the inside view.

3 key themes emerged:

1. Portfolios prove resilient but concerns grow
2. The growing importance of alternatives
3. Increased interest in sustainable investing

1. Portfolios prove resilient but concerns grow

55% of family offices describe their outlook as neutral to positive proving resilience despite recent turbulence

Only 23% of family offices felt the need for material change in their portfolios but diversification is a growing concern

BlackRock View
We believe that all investors would benefit from reviewing their strategic asset allocation to account for the changing macro environment and uncertainty in future asset class returns.

2. The growing importance of alternatives

49% of family offices intend to increase their allocation to alternatives over the next 5 to 10 years

Private equity and private credit are key areas of focus.

55% of family offices view private equity as a key driver of returns and intend to grow their exposure to this asset class

40% intend to increase future exposure in private credit, seeking enhanced yields and alternatives to public fixed income allocations

3 .Increased interest in sustainable investing

80% of family offices now include some form of sustainable investing within their portfolio

This trend is likely to continue due to both generational pressure and increasing public awareness.

“We observe within our family office that profits alone for the next generation perhaps is not enough.”  US Family Office CIO

59% of family offices do not believe they have to compromise on performance to achieve their sustainable goals

BlackRock View
We believe incorporating environment, social and governance (ESG) data and insights within the investment processes or portfolio design can lead to improved outcomes for investors.

Visit blackrock.com/family-offices for the full report.

RO code: 1527180

Global family office survey

The BlackRock global family office survey combines data about the experiences and plans of 185 family offices across the globe, featuring insights around market outlook, asset allocation and sustainable investing.

Contact our dedicated family office team
Get in touch with BlackRock to discover how we partner with high-net-worth individuals, single-family offices and multi-family offices with institutional investment and risk management solutions across asset classes.
Contact our team Contact our team
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Common questions from family office investors

  • BlackRock is a fiduciary to family office clients. We have a30+ year history of client-first mindset and continuous innovation with expertise spanning all asset classes and investment stylesWe build holistic portfolios for our clients, from active funds, to alternatives and ESG solutions, to factors and index funds, designed to deliver the most extensive set of investment solutions for specific Family Office needs.

  • BlackRock has more than 800 family office clients globally and US$60bn in family office AUM (as of December 31, 2020). In the Latin America region, more than 100 family offices entrust us to manage their investments and US$XXbn in AUM (as of xxxx)

  • Yes, we offer Family Offices access to the BlackRock Educational Academy which offers specific courses and learnings for CIOs, your teams and also for your family’s next generation.

  • We host dedicated in-person Family Office events, as well as virtual events, including our annual Global Family Office Investor Forum, and many more intimate roundtables that enable you to enjoy peer-to-peer discussions and share insight.

  • BlackRock investments benefit from Aladdin, our end-to-end portfolio management software that combines sophisticated risk analytics with comprehensive portfolio management tools on a single platform to deliver a best-in-class solution. Feel confident in the robustness of our analytics, as Aladdin monitors 2,000+ risk factors each day - from interest rates to currencies - and performs 5,000 portfolio stress tests and 180 million option-adjusted calculations each week.

  • At BlackRock we draw on market intelligence globally with over 2,000 investment professionals at your disposal: the BlackRock Investment Institute, authors proprietary research providing insights on the global economy, markets, geopolitics and asset allocationWe pride ourselves on our LatAm specific insights – such as our Family Office Collective Intelligence Video Series and emails - with dedicated Family Office experts in 25 markets across LatAm, EMEA, North America, and APAC looking after over $50B of Family Office investments.

  • We have a comprehensive, US$264B alternatives platform (of as September 20, 2020) that seeks to deliver outperformance with true partnership.  We offer family office clients access to high-quality opportunities across real estate, infrastructure, private equity, credit, hedge funds and multi-alternative solutions. Global reach across private and public markets powers our sourcing, and industry-leading technology delivers improved transparency on investments.

  • Our purpose is to help more and more people experience financial well-being. In pursuit of this, we have embedded a focus on long-term sustainability across the entirety of our business. From integrating environmental, social and governance (ESG) practices into our investment processes to creating positive social impact by serving communities throughout the LatAm – and globally -  we are dedicated to helping clients, employees, shareholders and communities achieve long-term, financial well-being.

Meet our family offices team

With regional offices throughout Latin America, BlackRock’s dedicated family office team serves as a central point of contact for investment and risk management.

Map

Your local Americas Offshore team

Jordie Olivella
Director, United States
Jenny Riera
Vice President, United States
Rodrigo Castañeda
Director, Texas
Jane Lam
Vice President, California
Kane Nerys
Associate, New York