Leave the BlackRock site for Professionals to explore other content

I manage my money myself.

I want to learn more about BlackRock.

An individual investor, also known as a retail client, is a client organisation or individual who cannot meet both:
(i) one or more of the professional client criteria laid down in Annex II to the Markets in Financial Instruments Directive (Directive 2004/39/EC); and
(ii) one or more of the qualified investor criteria set out in Article 2 of the Prospectus Directive (Directive 2003/71/EC).

On this website, Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.

In summary a person who can both be classified as a professional client under the Markets in Financial Instruments Directive and a qualified investor in accordance with the Prospectus Directive will generally need to meet one or more of the following requirements:

(1) An entity required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) any other authorised or regulated financial institution;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension fund or the management company of a pension fund;
(g) a commodity or commodity derivatives dealer;
(h) a local;
(i) any other intermediaries investor.

(2) a large undertaking that meets two of the following tests:
(i) a balance sheet total of EUR 43,000,000;
(ii) an annual net turnover of EUR 50,000,000;
(iii) an average number of employees during the year of 250.

(3) a national or regional government, a public body that manages public debt, a central bank, an international or supranational intermediaries (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organisation.

(4) a natural person resident in an EEA State that permits the authorisation of natural persons as qualified investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria:
(i) he/she has carried out transactions on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application;
(ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500.000;
(iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of securities investment.

Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under the Markets in Financial Instruments Directive and classed as a qualified investor under the Prospectus Directive then you should seek independent advice.

Change location

Americas Offshore Australia Austria Belgium Brazil Canada Chile China Offshore - 中国境内 China Onshore - 中国境外 Colombia Denmark Dubai (IFC) Finland France Germany Hong Kong - 香港 Hungary Israel Italy Japan - 日本 Korea - 한국 Luxembourg México Netherlands Norway Poland Portugal Saudi Arabia Singapore South Africa Spain Sweden Switzerland Taiwan - 台灣 United Kingdom United States Location not listed

Welcome to the BlackRock site for advisors

To reach a different BlackRock site directly, please update your user type.

About us
Products
Themes
ETFs & Indexing
Insights
Education

About us
BlackRock in Europe
Investment stewardship
Financial Markets Advisory
Our approach to sustainability

Product List
Style
Active
Index
Product type
iShares
Mutual funds

Sustainable investing
Alternative investments
Investing in Europe
Equities: a new playbook
Fixed income opportunities
Megatrends & thematic investing
Cash management

Sustainable Indexing
Fixed Income
ETF and Index range

Lifting global growth by investing in women
Global Weekly Commentary
BlackRock Investment Institute
Portfolio Pioneers
Stock Market Monitor – Q4 2022
2023 Outlook and Implementation Guide

Women and investing
Behavioural finance
Distribution Trades
Education center
ETFs explained
Mutual funds explained
Securities lending
Library

Wealth isn’t just for the wealthy

Discover the world of ETFs

RESET

Updates on the US debt ceiling debate Updates on the US debt ceiling debate

Change location

Updates on the US debt ceiling debate Updates on the US debt ceiling debate

MARKET INSIGHTS

Financial cracks show: what to do now

This week’s market commentary calls out three clear takeaways for portfolios as financial cracks from the most rapid hiking cycle since the early 1980s start to emerge: First, we stay underweight equities and downgrade credit to neutral. Second, we overweight very short-term government paper for income. And third, we like emerging market assets.

Funds that match up with investing goals and values

Each investor has a different story, and we are steadfast partners to our clients in Luxembourg because we listen to every one of them. Our full range of funds is one way we’re helping more investors build solid financial futures.

 
View all results
View all funds

View all results
View all funds

The world of investing

Discover the world of investing

Get to know everything about investing thanks to our education center.

Discover more about investing Discover more about investing

ETFs

ETFs explained

ETF stands for Exchange Traded Funds. ETFs attempt to track the performance of a specific index - such as the S&P 500 - as closely as possible.

Discover the different types of ETFs and myths about them Discover the different types of ETFs and myths about them

Mutual Funds

Discover the world of mutual funds

An easy way to invest in stocks and/or bonds is through mutual funds, or professionally managed portfolios.

Learn more about fixed income indexing Learn more about fixed income indexing

Our funds

All of our products

Take a look at all our products.

Discover all of our products Discover all of our products

ABOUT US

About BlackRock in Luxembourg

Well, it’s actually about you: our stakeholders. As a global asset manager and fiduciary to our clients, our purpose has always been to continue finding new ways to help more and more people experience financial well-being.

Learn more about BlackRock Learn more about BlackRock

Explore more

About us

Products

- Product List

Themes

ETFs & Indexing

Insights

Education

As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals.

Corporate

Careers Careers Newsroom Newsroom Investor relations Investor relations Complaints handling procedure Complaints handling procedure Contact us Contact us

Legal

Terms and conditions Terms and conditions Privacy policy Privacy policy Business continuity Business continuity

BIIM0323U/M-2803028