2024 has been a whirlwind of change, but BlackRock's ambition and purpose remains steadfast.
Our mission is to make investing simpler, more affordable, and to help our clients grow and achieve more.
Through continuous innovation, we offer a wide breadth of investment solutions across the whole portfolio, public and private markets, seeking to meet individual needs and leverage our technology and expertise to help navigate risks and opportunities.
So how did BlackRock evolve this year to stay at the forefront of the industry?
We’ve seen RIAs and independent advisors adopt turnkey asset management programs, or TAMPs, to streamline their operations and focus more on client relationships. BlackRock has partnered with GeoWealth and Vestmark to help advisors meet high-net-worth client demand for private markets, direct indexing, and fixed income separately managed accounts, all within a single account.
Infrastructure, a $1 trillion market, is set to soar, driven by long-term structural trends. We acquired Global Infrastructure Partners (GIP) to boost our private markets investment platform.
Multi-media text: Screen will show trends, including digital infrastructure, logistical hubs and decarbonization/energy security.
[Source: BlackRock, 2024.The New Infrastructure Blueprint: 3658990]
Private markets data is growing at a rate of 12% per year. BlackRock is set to acquire Preqin, a leading private markets data solutions provider, to make investing for our clients easier while building a better-connected platform.
[Source: Source: BlackRock, Preqin, 2024.]
Through our partnership with Partners Group, we are positioned to launch a first-of-its-kind model portfolio solution, which aims to streamline retail wealth access to private equity, private credit, and real assets.
[Source: BlackRock 2024.]
iShares expanded exposure to digital assets through the launch of Bitcoin and Ethereum exchange-traded products. Among the first of its kind, BlackRock’s iShares Bitcoin Trust ETF, IBIT, became the fastest exchange-traded product ever to reach $40 billion in assets under management.
[Multi-Media text: The iShares Bitcoin Trust ETF is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.]
[Source: Bloomberg, as of November 14, 2024. IBIT crossed the $40B AUM milestone on November 12, 2024, just 306 days since launch. In comparison, IEMG and GLD took 1,820 and 1,838 days, respectively. For current fund AUM please visit ishares.com/ibit.]
We are expanding our ability to help clients target specific outcomes, such as enhanced income potential and targeted downside protection, through our Outcomes ETF platform, including the launch of four options-based ETF strategies.
We acquired SpiderRock Advisors to better meet the growing demand for tax-efficient solutions through the use of option overlays. The acquisition further expands our SMA Solutions platform, enabling us to remain a leader in tax-managed investment solutions for our clients.
Since our founding over 36 years ago, BlackRock has grown from a company of eight people in a tiny Manhattan office into one of the largest and most innovative asset managers in the world. We are relentless about finding better ways to serve our clients and improve our firm, with innovation at the core of how we try to stay ahead of their needs. We aspire to build better financial futures for our clients in a way no other firm can, and we look forward to continuing to partner with financial advisors in 2025.
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