How BlackRock Became The World's Largest Asset Manager

BlackRock is one of the world’s most influential companies in finance. At the end of the third quarter, it had $9.464 trillion in assets under management, making it the biggest asset manager in the world.

That scale gives CEO Larry Fink a voice in the international effort to fight global warming. Fink kicked off the decade with a letter to shareholders that called for better stewardship of environment, social and corporate governance issues.

These concerns stem from BlackRock’s conversations with clients across the globe. At a conference at the Bank of Italy earlier this year, Fink said that enforcing emissions reporting standards for public companies “will have the unintended consequences of fueling a backlash against our big companies, and it will promote a narrative of big versus small, and it will create greater and greater political polarization.”

Legal scholars like University of Virginia’s Paul Mahoney say the push for better ESG standards may transcend the typical boundaries of fiduciary responsibility.

“BlackRock in particular has been quite clear in their messaging that they believe that using ESG factors across its portfolio will help them deliver better returns,” the law professor told CNBC.

Fink and his team built their empire by focusing on long-term risk management and technology. This made BlackRock one of the world’s most powerful firms in a relatively short period of time. Now, they’re using that influence to push public corporations into taking action on ESG issues.

Watch the video above to see how BlackRock rose to the top of the financial world, and hear their plans for the future of the global economy.

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How BlackRock Became The World's Largest Asset Manager

[Stoneryt]

I recommend everyone to find the forbidden book titled blackrock secrets; it goes deep into all of this, and it changed my life

[jameswood]

Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is up (39.62%). Thanks for the education!

[ChristopherAbelman]

It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.

[jessieyoung-szn]

I recently sold a house in Portland, and I'm considering investing the proceeds in stocks. I know it's a wonderful time to buy, but is this the right moment? When will I fully recover? I'm honestly just perplexed at this point as to how other folks in the same market are making over $450, 000 in gains in a matter of months.

[oneiljerry]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[jessicamoore]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[CJ-wright]

Why you should start accumulating undervalued stocks.

Later, when stocks begin to rally, short-term investors, day traders, technical analysts, brokerage firms and news media work for long-term investors and help stocks rise significantly.

Let them work for you.

[lawerencemiller]

There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[charleslauter]

Blackrock is also buying houses like crazy. As a renter just try to get something repaired.

[jonadams]

Black rock is one of the top institutional stock holders of
Comcast which indirectly owns NBC, which owns CNBC.

[OBrienHayden-guqb]

In the middle of 2024, I think we'll start to see more market diversification. I'm hoping to invest about $300, 000 from a recent home sale into the financial markets, but I'm still not sure how rates will effect the market just yet, which worries me a lot. Like how long will the bull rally last before the reset?.

[MilesGardner-exym]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[RealCherry]

CNBC finally reported about their owner ;)

[gingerkilkus]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[Andrian-chon]

I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.

[jerifw]

Company’s like this should not be allowed to exist.

[philcrowley]

Venturing into investments without knowledge and experience is like walking on a shattered glass blindfolded, it is very detrimental

[chrismoore]

Basically, BlackRocks success came from the Federal Reserve manipulating markets, also known as insider trading, it's hard to lose when you know the moves before everyone else.

[lawrencedyke]

Every time I watch a video like this, I'm reminded of how much I regret not buying bitcoin at the time. invested a large sum of money in early-stage crypto assets with the expectation that they would eventually flourish. How are other people in the same market making over $250k in earnings in a matter of months, baffling.

[claraclouse]

Concluding 2022 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2023. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k—attributing it to discipline and focus.