History
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BlackRock's road to success and growth in asset management.
| Assets Under Management ($ Billions) | |
|---|---|
| 1988 |  1
1988: Founded Blackstone Financial Management
|
| 1989 | 2
|
| 1990 | 4
|
| 1991 | 8
|
| 1992 | 17
1992: Changed name to BlackRock
|
| 1993 | 23
|
| 1994 | 53
|
| 1995 | 69
1995: Merged with PNC, offered common vision & platform
|
| 1996 | 83
|
| 1997 | 105
|
| 1998 | 131
|
| 1999 | 165
1999: IPO (NYSE: BLK) Broad employee ownership
|
| 2000 | 204
2000: Launched BlackRock Solutions®
|
| 2001 | 239
|
| 2002 | 273
|
| 2003 | 309
|
| 2004 | 342
|
| 2005 | 452
2005: State Street Research acquisition
|
| 2006 | 1,125
Sept. 29: Combination of BlackRock and MLIM
|
| 2007 | 1,357
Oct. 1: Acquired Fund of Funds Business from Quellos Group, LLC.
|
| 2008 | 1,310
|
| 2009 | 3,190
Dec. 1: Merged with Barclays Global Investors
|
| 2010 | 3,560
|
| 2011 | 3,513
|
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