Blackrock Asset Management North Asia Limited is a large advisory firm based in Hong Kong. It manages $48.35 billion of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Blackrock Asset Management North Asia Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Blackrock Asset Management North Asia Limited is $48.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 403% since the beginning of its operation, and $47.57 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Blackrock Asset Management North Asia Limited 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.
The firm provides services to insurance companies, investment companies, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Michael Timothy Marquardt is pooled investment vehicles with 31 clients and $27.92 billion of assets under management. Among the 11 most similar advisory firms, Blackrock Asset Management North Asia Limited has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $47.52 billion for 77 clients. 94% of the firm’s clients are foreign persons or businesses.
Blackrock Asset Management North Asia Limited also advises several private funds. Namely, three real estate funds. The minimum investment commitment required of non-related persons ranges from $1 to $6,340,000.
The company employs 404 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Timothy Marquardt has been acting as President since 1 Dec 2009. Geraldine Joyce Buckingham joined the executive team most recently as the Director.
The principal office where Blackrock Asset Management North Asia Limited performs its advisory services is located at 16/F Champion Tower, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 852 3903 2800. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at blackrock.com.