{"entity":{"id":615,"slug":"blackrock-financial-management-inc","name":"BlackRock Financial Management, Inc.","type":"company","role":"Investment manager for Maiden Lane LLC portfolio under multi-year contract with FRBNY","description":null,"imageUrl":null,"createdAt":"2026-04-08T20:00:29.666Z","updatedAt":"2026-05-19T09:20:04.942Z"},"electedOffice":null,"significance":{"score":7.2,"components":{"totalFindings":0,"connectionDegree":5.2,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":2,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-17T01:36:44.127Z"},"facts":[{"id":49039,"text":"As of February 2026, BlackRock Financial Management, Inc. manages approximately $1.33 trillion in assets across 2,269 accounts, with 147 licensed advisors and 70 high-net-worth clients. It is registered as an investment adviser with the SEC (CRD #107105).","confidence":"primary","dateOccurred":"2026-02-27","source":{"title":"BLACKROCK FINANCIAL MANAGEMENT, INC Wealth Management Profile","url":"https://advisorfacts.com/blackrock-financial-management-inc","publication":"AdvisorFacts"}},{"id":49038,"text":"In March 2020, the Federal Reserve again tapped BlackRock to manage two corporate bond-buying programs in response to the coronavirus pandemic. A BlackRock subsidiary reportedly advised on the purchase of billions in corporate bonds and ETFs.","confidence":"primary","dateOccurred":"2020-03-25","source":{"title":"The Fed Asks for BlackRock's Help in an Echo of 2008","url":"https://www.nytimes.com/2020/03/25/business/blackrock-federal-reserve.html?searchResultPosition=5","publication":"The New York Times"}},{"id":49042,"text":"BlackRock's Maiden Lane contracts have been consistently criticized for opacity: the New York Times reported in 2020 that even today 'the full details of what the firm earned have not been disclosed.' The contracts are exempt from Federal Acquisition Regulations.","confidence":"primary","dateOccurred":"2020-03-25","source":{"title":"The Fed Asks for BlackRock's Help in an Echo of 2008","url":"https://www.nytimes.com/2020/03/25/business/blackrock-federal-reserve.html?searchResultPosition=5","publication":"The New York Times"}},{"id":21861,"text":"BlackRock Financial Management, Inc. filed filing with the SEC on 2019-07-03. Accession number: N/A.","confidence":"secondary","dateOccurred":"2019-07-03","source":{"title":"SEC EDGAR: filing — BlackRock Financial Management, Inc. (2019-07-03)","url":"https://efts.sec.gov/LATEST/search-index?q=%22BlackRock%20Financial%20Management%2C%20Inc.%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"SEC EDGAR"}},{"id":11920,"text":"BlackRock Financial Management managed Maiden Lane LLC's investment portfolio under guidance from the FRBNY through December 31, 2015","confidence":"primary","dateOccurred":"2015-12-31","source":{"title":"Maiden Lane LLC 2015 consolidated financial statements","url":"https://www.sec.gov/Archives/edgar/data/1364742/000119312507053304/d10k.htm","publication":"Directed Inquiry — Web Search"}},{"id":49037,"text":"The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through non-competitive procurement.","confidence":"primary","dateOccurred":"2011-07-21","source":{"title":"Federal Reserve System: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance (GAO-11-616)","url":"https://digital.library.unt.edu/ark:/67531/metadc297038/m1/196/","publication":"Government Accountability Office"}},{"id":49041,"text":"The Maiden Lane III Investment Management Agreement explicitly grants BlackRock a two-year reinvestment period during which all portfolio cash flows would be reinvested, and FRBNY could not receive repayment without penalty during that period.","confidence":"primary","dateOccurred":"2010-08-23","source":{"title":"Amended and Restated Investment Management Agreement (Maiden Lane III)","url":"https://dev-ypfs.som.yale.edu/library/amended-and-restated-investment-management-agreement-and-among-federal-reserve-bank-new","publication":"Yale Program on Financial Stability"}},{"id":49036,"text":"On November 25, 2008, BlackRock Financial Management, Inc. signed an Investment Management Agreement for Maiden Lane III, a $30 billion portfolio created to purchase toxic CDO assets from AIG counterparties. The 41-page agreement named BlackRock as the sole 'Manager' for the collateral.","confidence":"primary","dateOccurred":"2008-11-25","source":{"title":"Investment Management Agreement for Maiden Lane III LLC","url":"https://publicintelligence.net/investment-management-agreement-for-maiden-lane-iii-llc/","publication":"Public Intelligence"}},{"id":49035,"text":"The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC. BlackRock was hired to manage the portfolio under FRBNY guidelines designed to maximize recovery value and minimize market disruption.","confidence":"primary","dateOccurred":"2008-06-26","source":{"title":"New York Fed Completes Financing Arrangement Related to JPMorgan Chase's Acquisition of Bear Stearns","url":"https://www.newyorkfed.org/newsevents/news/markets/2008/ma080626","publication":"Federal Reserve Bank of New York"}},{"id":11915,"text":"BlackRock Financial Management Inc. was appointed by the Federal Reserve Bank of New York as investment manager for Maiden Lane LLC under a multi-year contract","confidence":"primary","dateOccurred":"2008-06-26","source":{"title":"Maiden Lane LLC consolidated financial statements and Federal Reserve documents","url":"https://www.sec.gov/edgar/browse/?CIK=0001364742","publication":"Directed Inquiry — Web Search"}},{"id":49034,"text":"On March 24, 2008, the Federal Reserve Bank of New York announced that BlackRock Financial Management, Inc. was retained to manage and liquidate the $30 billion Maiden Lane LLC portfolio of Bear Stearns assets. The firm was selected through a no-bid contract exempt from Federal Acquisition Regulations.","confidence":"primary","dateOccurred":"2008-03-24","source":{"title":"Statement on Financing Arrangement of JPMorgan Chase's Acquisition of Bear Stearns","url":"https://www.newyorkfed.org/newsevents/news/markets/2008/rp080324","publication":"Federal Reserve Bank of New York"}},{"id":11916,"text":"BlackRock Financial Management Inc. and Ernst & Young conducted due diligence review of Bear Stearns assets for adherence to eligibility criteria for purchase by Maiden Lane LLC","confidence":"primary","dateOccurred":"2008-03-14","source":{"title":"Federal Reserve Bank of New York Maiden Lane Transactions document","url":"https://research.secdatabase.com/CIK/1364742/Company-Name/BLACKROCK-INC.","publication":"Directed Inquiry — Web Search"}},{"id":49040,"text":"The company is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. It is incorporated in Delaware and has its principal office at 50 Hudson Yards, New York, NY 10001.","confidence":"primary","dateOccurred":null,"source":{"title":"Subsidiaries of BlackRock, Inc. — Exhibit 21.1","url":"https://www.sec.gov/Archives/edgar/data/1060021/000119312505046630/dex211.htm","publication":"U.S. Securities and Exchange Commission"}},{"id":49033,"text":"BlackRock Financial Management, Inc. was founded in 1994 and is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. (NYSE: BLK). It is incorporated in Delaware and headquartered at 50 Hudson Yards, New York.","confidence":"primary","dateOccurred":null,"source":{"title":"Subsidiaries of BlackRock, Inc. — Exhibit 21.1","url":"https://www.sec.gov/Archives/edgar/data/1060021/000119312505046630/dex211.htm","publication":"U.S. Securities and Exchange Commission"}},{"id":21866,"text":"Search scope note: No parliamentary records found for \"BlackRock Financial Management, Inc.\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21865,"text":"Search scope note: No court records found for \"BlackRock Financial Management, Inc.\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21864,"text":"Search scope note: No lobbying disclosures found for \"BlackRock Financial Management, Inc.\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21863,"text":"Search scope note: No corporate registrations found for \"BlackRock Financial Management, Inc.\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21862,"text":"Search scope note: No usaspending contracts found for \"BlackRock Financial Management, Inc.\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null}],"connections":[{"id":1156,"relationshipType":"joint_advisors","description":"Both firms served as advisors to FRBNY for due diligence review of Bear Stearns assets","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":804,"name":"Ernst & Young","slug":"ernst-young","type":"company"}},{"id":1155,"relationshipType":"contractor","description":"FRBNY contracted BlackRock as investment manager and due diligence advisor for Maiden Lane operations","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":614,"name":"Federal Reserve Bank of New York","slug":"federal-reserve-bank-of-new-york","type":"institution"}},{"id":1151,"relationshipType":"investor","description":"BlackRock served as investment manager and advisor for asset management","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":33,"name":"Maiden Lane LLC","slug":"maiden-lane-llc","type":"instrument"}},{"id":15195,"relationshipType":"investor","description":"In November 2025, Comptroller Brad Lander recommended that three NYC pension funds drop asset manager BlackRock ($42 billion) due to inadequate decarbonization plans under the funds' Net Zero Implementation Plan. BlackRock Financial Management, Inc. is a subsidiary of BlackRock.","confidence":"inferential","firstDocumented":"2025","lastDocumented":null,"other":{"id":793,"name":"New York City Comptroller","slug":"new-york-city-comptroller","type":"government_agency"}},{"id":16486,"relationshipType":"audit_subject","description":"The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through non-competitive procurement.","confidence":"primary","firstDocumented":"2011","lastDocumented":null,"other":{"id":611,"name":"Government Accountability Office","slug":"government-accountability-office","type":"government_agency"}},{"id":16485,"relationshipType":"regulatory_filing","description":"BlackRock Financial Management, Inc. filed a filing with the SEC on 2019-07-03. It is registered as an investment adviser with the SEC (CRD #107105).","confidence":"primary","firstDocumented":"2019","lastDocumented":null,"other":{"id":391,"name":"Securities and Exchange Commission","slug":"securities-and-exchange-commission","type":"government_agency"}},{"id":16484,"relationshipType":"asset_management","description":"BlackRock was retained to manage and liquidate the Maiden Lane LLC portfolio of Bear Stearns assets. BlackRock and Ernst & Young conducted due diligence review of Bear Stearns assets for eligibility for purchase by Maiden Lane LLC.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":8820,"name":"Bear Stearns","slug":"bear-stearns","type":"company"}},{"id":16483,"relationshipType":"financial_arrangement","description":"The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC, for which BlackRock was hired to manage the portfolio.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":150,"name":"JPMorgan Chase","slug":"jpmorgan-chase","type":"company"}},{"id":16482,"relationshipType":"subsidiary","description":"BlackRock Financial Management, Inc. is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. (NYSE: BLK).","confidence":"primary","firstDocumented":"1994","lastDocumented":null,"other":{"id":25,"name":"BlackRock","slug":"blackrock","type":"company"}},{"id":15377,"relationshipType":"co-participant","description":"Both Rialto Capital Management LLC and BlackRock Financial Management, Inc. are listed as participants in the Public-Private Investment Program (PPIP).","confidence":"primary","firstDocumented":"2025","lastDocumented":null,"other":{"id":811,"name":"Rialto Capital Management LLC","slug":"rialto-capital-management-llc","type":"company"}},{"id":9870,"relationshipType":"co_manager","description":"Both Investment Support Office and BlackRock Financial Management, Inc. are involved in managing Maiden Lane Commercial Mortgage Backed Securities Trust 2008-1 and related entities","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":624,"name":"Investment Support Office","slug":"investment-support-office","type":"government_agency"}},{"id":17249,"relationshipType":"contractor","description":"The Federal Reserve Bank of New York hired BlackRock under Paulson's Treasury oversight to manage Maiden Lane LLC portfolios, including those from Bear Stearns.","confidence":"secondary","firstDocumented":"2008","lastDocumented":null,"other":{"id":155,"name":"Henry Paulson","slug":"henry-paulson","type":"person"}},{"id":13844,"relationshipType":"management_agent","description":"BlackRock was engaged to manage the Maiden Lane portfolios created alongside the PDCF as part of the crisis response.","confidence":"secondary","firstDocumented":"2008","lastDocumented":null,"other":{"id":390,"name":"Primary Dealer Credit Facility (PDCF)","slug":"primary-dealer-credit-facility-pdcf","type":"institution"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/blackrock-financial-management-inc","timelineUrl":"https://www.goblinhouse.net/entity/blackrock-financial-management-inc/timeline"}