Blackrock Institutional Management Corporation (Wilmington)


Blackrock Institutional Management Corporation is a large advisory firm based in Wilmington. It manages $100.36 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Delaware, Maryland, Massachusetts, and New York.

Blackrock Institutional Management Corporation provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackrock Institutional Management Corporation: assets under management

The assets under management (AUM) of Blackrock Institutional Management Corporation is $100.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 161% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.36 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.69 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blackrock Institutional Management Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Blackrock Institutional Management Corporation

Paul L Audet has been acting as President since 1 Apr 1999. Inc. Pnc Bancorp joined the executive team most recently as the Majority Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Blackrock Advisors Sole shareholder of applicant 1 Mar 1995 75% - 100% 23-2784752
Llc Blackrock Advisors Sole shareholder of applicant 1 Mar 1995 75% - 100% 23-2784752
Laurence Douglas Fink Chief executive officer 1 Feb 1998 Other 830137
Ralph Lewis Schlosstein President and director 1 Feb 1998 Other 2041885
Robert Steven Kapito Vice chairman and director 1 Feb 1998 Other 728399
Robert Peter Connolly General counsel, secretary and managing director 1 Feb 1998 Other 2024363
Henry Gabbay Managing director, portfolio compliance 1 Feb 1998 Other 2041887
Bartholomew Angelo Battista Director, regulatory compliance 1 Aug 1998 Other 1263745
Daniel R Waltcher Assistant secretary, director 1 Oct 1998 Other 2903300
Paul L Audet Director 1 Apr 1999 Other 4340709
Laurence James Carolan Managing director and director 1 Feb 2000 Other 2310920
Kevin Michael Klingert Managing director and director 1 Feb 2000 Other 1477924
John Patrick Moran Managing director and director 1 Feb 2000 Other 714067
Thomas Hunter Nevin Managing director and director 1 Feb 2000 Other 346828
Mark Gordon Steinberg Director 1 Jul 2004 Other 434845
Steven E. Buller Chief financial officer 1 Oct 2005 Other 5050207
Charles Shaul Hallac Chief administrative officer & managing director 1 Jul 2007 Other 1523213
Robert S Kapito President and managing director 1 Sep 2007 Other 728399
Robert Steven Kapito President and managing director 1 Sep 2007 Other 728399
Ann Marie Petach Chief financial officer 1 Jun 2008 Other 5569378
Paul Louis Audet Director 1 Jun 2008 Other 4340709
Susan Lynne Wagner Vice chairman & chief operating officer 1 Mar 2009 Other 1310482
Charles Shaul Hallac Vice chairman & co-chief operating officer 1 Mar 2009 Other 1523213
Amy J. Engel Treasurer and managing director 1 Dec 2009 Other 5745269

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
N.A. Pnc Bank Sole shareholder 1 Mar 1995 75% - 100% 22-1146430
Inc. Pnc Bancorp Sole shareholder 1 Mar 1995 75% - 100% 51-0326854
Inc. The Pnc Financial Services Group Sole shareholder 1 Mar 1995 75% - 100% 23-6477964
Inc. Blackrock Sole shareholder 1 Mar 1998 75% - 100% 51-0380803
Inc. Pnc Asset Management Majority shareholder 1 Mar 1998 50% - 75% 51-0380821
Inc. Pnc Investment Holdings Sole shareholder 1 Mar 1998 75% - 100% 51-0380820
Inc. Blackrock Sole shareholder 1 Sep 2006 75% - 100% 51-0380803
Inc. Blackrock Us Newco Sole shareholder 1 Sep 2006 75% - 100% 12-3456789
Llc Blackrock Holdco 1 Sole shareholder 1 Sep 2006 75% - 100% 68-0635710
Llc Br Holdco 2 Majority shareholder 1 Sep 2006 50% - 75% 68-0635711
Inc. Blackrock Holdco 2 Majority member 1 Sep 2006 50% - 75% 68-0635711
Inc. Blackrock Capital Holdings Sole shareholder 1 Sep 2006 75% - 100% 12-3456789
Inc. Pnc Bancorp Majority shareholder 1 Jan 2055 50% - 75% 51-0380821

Based in Wilmington

The principal office where Blackrock Institutional Management Corporation performs its advisory services is located at 100 Bellevue Parkway, Wilmington, DE 19809, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-797-2000 or by fax 302-797-2473. The normal business hours are 7:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at www.blackrock.com.