BlackRock funds
originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q: read about the huge merger between BlackRock and Merrill Lynch to form one of the nation's largest investment firms. I am an active investor, so how could I not a company that I've never heard of (BlackRock) be so large to the point of possible changing the financial service industry?
A: BlackRock is not a household name because they primarily serve pension funds rather than individual investors. This firm has an excellent reputation as an investment manager. The merger gives Merrill brokers additional incentive to market BlackRock mutual funds to individual investors. Together, Merrill Lynch plus BlackRock make the nation's 4th largest investment manager. Dozens of BlackRock funds are available to investors on the no-commission, no-transaction-fee platform through independent investment advisers. There is no indication that this will change, although more of the shares will be distributed on a commission basis by Merrill Lynch brokers.
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