BlackRock awarded CEO Larry Fink a $27.7 million pay package last year as the firm’s assets under management surpassed $6 trillion, driven by investors continuing to move money into passively managed funds.
The compensation included a $900,000 salary, $10 million cash bonus and $16.6 million of equity awards, according to a regulatory filing Friday. Fink, 65, also got about $243,000 in other compensation.
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Sometimes clients lack substantial portfolios. If that’s the case, planners can tread other paths to reach fair compensation.
February 27 -
Adviser Zaneilia Harris seeks out clients who resemble a former version of herself — young, single, African-American women struggling to make wise choices — and keeps them by structuring compensation in an atypical way.
December 28 -
"I lose years of my life. They can settle, write a check and move on," says an adviser whose book of business dropped by $40 million after he alleges he was wrongfully terminated.
December 19 -
Three experts break down how to incentivize employees.
November 17
BlackRock’s assets soared as the firm reported the biggest inflows in its history. Performance improved in its active business, which includes hedge funds, while total expenses rose in part due to an increase of employee compensation and benefits. The firm’s stock rose 35%, outpacing the 19% gain in the S&P 500.
