Aladdin 2025: $25T Assets on Platform · $1.6B Revenue 2024 (+12% ACV) · 1,000+ Institutional Clients · 98% Retention Rate · AWS Partnership Dec 2025 · Aladdin Wealth AI Tool Oct 2025 · Preqin Integrated March 2025
Finance · BlackRock · Technology
BlackRock Aladdin Platform 2026: Statistics, Assets and Key Facts
BlackRock's Aladdin platform processed risk analytics for approximately $25 trillion in assets by December 2025, up from $21.6 trillion in 2020 and $11 trillion in 2013. Aladdin generated $1.6 billion in technology services revenue in 2024, growing at 12% in Annual Contract Value terms. It serves more than 1,000 institutional clients across pension funds, insurers, sovereign wealth funds and asset managers with a three-year retention rate of 98%. In December 2025 BlackRock announced a partnership with Amazon Web Services to expand Aladdin's cloud deployment, complementing its existing Microsoft Azure infrastructure.
12 min readBy RobertUpdated March 2026
Data Sources and Methodology
Primary Sources: BlackRock SEC 8-K quarterly earnings filings (Q1/Q2/Q3 2025: technology services revenue $436M, $499M, and $530M est. from run-rate; Q3 2025 YoY growth +28%) · BlackRock FY2024 8-K (January 2025): $1.6B Aladdin tech revenue 2024, 12% ACV growth
AUM on Platform: Wikipedia/BlackRock reported: 2020 $21.6T, December 2025 ~$25T · 2013 figure: $11T from Institutional Investor and Wikipedia · All represent assets for which Aladdin processes risk analytics, not BlackRock's own AUM ($14.042T at year-end 2025)
Client Data: Institutional Investor: 1,000+ organizations, 98% three-year retention rate · BlackRock Q4 2024 earnings call: 12% tech services ACV growth, "signed some of its largest ever clients in 2024" · Markets Media (January 16, 2025): CFO Martin Small confirmed $1.6B 2024 revenue
History and Acquisitions: Wikipedia Aladdin (BlackRock) article (updated March 20, 2026): 1988 founding, 1994 GE deployment, eFront $1.3B (2019), Preqin £2.55B (March 2025), AWS partnership December 2025 · BlackRock official history page (blackrock.com/corporate) · PitchGrade Research (January 23, 2026): fee range $1M-$10M per client per year
$25T
Assets on Aladdin (Dec 2025)
$1.6B
Aladdin Revenue 2024
1,000+
Institutional Clients
28%
Tech Revenue Growth Q3 2025 (YoY)
$3.2B
Preqin Acquisition (Mar 2025)
Overview: The Operating System of Global Finance
BlackRock's Aladdin platform (Wikipedia) is the world's most widely used institutional investment technology system. Its full name, Asset, Liability, Debt, and Derivative Investment Network, reflects its origin as a comprehensive risk analytics tool, but Aladdin has evolved far beyond risk management into a full operating system covering portfolio construction, trading, operations, compliance, accounting, and now private markets data through its eFront and Preqin integration. The platform processes risk analytics for approximately $25 trillion in assets globally as of December 2025, a figure that includes BlackRock's own $14.042 trillion under management alongside the portfolios of over a thousand external institutional clients.
The scale of Aladdin's reach is what makes it strategically significant beyond its contribution to BlackRock's revenue. When Aladdin processes $25 trillion in assets, it is simultaneously the risk management infrastructure for pension funds covering millions of retirees, insurance companies holding trillions in policyholder funds, and sovereign wealth funds managing national savings. A 2013 paper in the Financial Times described Aladdin as a potential single point of systemic risk in global finance if the platform were ever to fail. That concern has only grown as Aladdin's penetration of institutional finance has deepened over the subsequent decade.
BlackRock Company Statistics 2026: AUM, Revenue, Market Share and Key Facts
What Is Aladdin? Platform Capabilities Explained
Aladdin is simultaneously a risk analytics engine, a portfolio management system, a trading platform, an operations infrastructure, a compliance monitoring tool, and an accounting system. It is built on a common data language that allows all of these functions to share the same underlying data, eliminating the data silos that plague most institutional investment operations. At its core, Aladdin runs Monte Carlo simulations and scenario analyses across the entire portfolio of every client simultaneously, 24 hours a day, stress-testing positions against thousands of scenarios including interest rate shocks, credit events, currency movements, liquidity crises and extreme market conditions.
Risk Analytics
Core Engine
Continuous Monte Carlo simulation across all asset classes. Stress tests portfolios against thousands of scenarios simultaneously. Provides factor decomposition, Value-at-Risk, tracking error, scenario analysis and liquidity risk. The original capability from 1988.
Portfolio Management
Investment Process
Pre-trade compliance checks, portfolio construction tools, rebalancing workflows, guideline monitoring, model portfolio management. Supports equities, fixed income, multi-asset, alternatives. Unified data model across public and private markets since eFront integration.
Trading and Operations
Execution Layer
Order management, trade execution, settlement, reconciliation, corporate actions processing. FIX protocol connectivity. Integration with custodians, prime brokers and exchanges. Supports over 300 exchanges and counterparties. Post-trade lifecycle management.
Private Markets (eFront)
$1.3B Acquisition 2019
Full lifecycle management for private equity, real estate, infrastructure and private credit. Fund administration, capital calls, distributions, LP reporting, ILPA data standards. Integrated with Preqin data (acquired March 2025) for pre-investment analytics and manager selection.
Assets Processed on Aladdin: 2013 to 2025
Total Assets Processed on the Aladdin Platform: 2013-2025
Trillions USD · Includes BlackRock's own AUM plus external client assets · $11T in 2013, $21.6T in 2020, $25T by December 2025 · BlackRock's own AUM is $14.042T at year-end 2025
Sources: 2013 $11T from Institutional Investor citing BlackRock data · 2020 $21.6T from Wikipedia Aladdin (BlackRock) citing BlackRock reporting · December 2025 $25T from Wikipedia Aladdin (BlackRock) citing BlackRock annual reporting · Intermediate years interpolated from available data points
Aladdin Assets: BlackRock's Own AUM vs External Client Assets (2025)
$25T total on Aladdin · BlackRock's own $14T in AUM (blue) · External client assets ~$11T (green) · External clients pay annual software fees of $1M-$10M depending on AUM and modules
Sources: BlackRock year-end 2025 AUM: $14.042T (BlackRock FY2025 earnings release) · Total Aladdin assets $25T (December 2025, BlackRock reported via Wikipedia) · Difference attributed to external institutional clients · External client fee range: PitchGrade Research (January 23, 2026)
The $25 Trillion Scale Explained
Aladdin's $25 trillion in assets under management differs from BlackRock's $14 trillion in AUM. BlackRock's own AUM represents money that BlackRock manages on behalf of clients (the client owns the money, BlackRock manages and invests it). Aladdin's $25 trillion represents all assets for which Aladdin performs risk analytics, portfolio management and operations functions, regardless of who manages them. The difference ($11 trillion) represents assets owned by external institutional clients (pension funds, insurance companies, sovereign wealth funds) who license Aladdin from BlackRock as their investment operating system but do not have BlackRock manage the money for them. These clients pay annual software and service fees of approximately $1 million to $10 million per year depending on their AUM and the Aladdin modules they use.
Aladdin Technology Revenue: 2020 to 2025
Aladdin / Technology Services Revenue: 2020-2025
Annual revenue in millions USD · Dark blue = confirmed actual · Light blue = 2025 quarterly run-rates annualised · $1.4B in 2022, $1.6B in 2024 · 12% ACV growth in 2024, accelerating to 16-28% YoY quarterly growth in 2025
Sources: 2022 $1.4B: Institutional Investor (citing BlackRock data, 3-year CAGR 12%) · 2024 $1.6B: Markets Media (January 16, 2025, CFO Martin Small statement) and BlackRock Q4 2024 8-K (SEC) · 2025 quarterly: BlackRock Q1 2025 8-K ($436M, +16% YoY) · Q2 2025: altss.com citing BlackRock 8-K ($499M, +26% YoY) · Q3 2025: SEC 8-K (+28% YoY) · 2025 annualised estimate based on quarterly trajectory
Quarterly Technology Revenue: 2024-2025
BlackRock Technology Services Revenue by Quarter: 2024-2025
Blue bars = revenue ($M, left axis) · Green bars = YoY growth % (right axis) · Growth accelerated from 16% in Q1 2025 to 28% in Q3 2025, boosted by Preqin acquisition (closed March 3, 2025)
Sources: Q1 2024 $377M, Q4 2024 $403M: BlackRock Q1 2025 8-K comparison table (SEC Archives) · Q2 2025 $499M: altss.com citing BlackRock Q2 2025 8-K · Q3 2025: BlackRock Q3 2025 8-K (SEC) +28% YoY total tech revenue · Q1 2025 $436M: BlackRock Q1 2025 8-K (SEC) +16% YoY · Note: Q3 2025 8-K reported $1,312M quarterly total; this chart uses the standalone tech services/subscription figure
Why Tech Revenue Growth Accelerated in 2025
BlackRock's technology services revenue growth rate accelerated from 12% in full-year 2024 to 16-28% on a quarterly basis in 2025. Two factors drove this. First, the completion of the Preqin acquisition on March 3, 2025 added approximately $240 million in annual recurring revenue at 20%+ growth and immediately contributed to Q2 2025 onwards. Second, Aladdin itself signed some of its "largest ever clients" in 2024 according to CFO Martin Small's January 2025 earnings statement, which generated full-year revenue contribution in 2025. BlackRock's Q3 2025 report cited "continued momentum in Aladdin" as the primary driver alongside Preqin.
Clients, Pricing and Retention
More than 1,000 organizations use Aladdin for some or all of their investment management processes, according to Institutional Investor. These span pension funds, insurance companies, sovereign wealth funds, endowments, foundations, banks, asset managers and wealth managers. Notable confirmed or reported Aladdin users include: Morgan Stanley (Aladdin Wealth, confirmed first implementation of October 2025 AI commentary tool), Franklin Templeton (selected Aladdin in 2024 to unify its full investment management technology stack), and many of the world's largest insurers and pension funds. The platform's competitors include State Street's Charles River Development, SimCorp (acquired by Deutsche Boerse), and Simcorp Dimension, but Aladdin is considered the market leader by AUM covered and revenue.
Aladdin clients pay annual software and service fees in the range of $1 million to $10 million per year, depending on the size of their AUM, the number of modules they use, and the complexity of their integration. PitchGrade Research (January 2026) notes this produces approximately $1.5 billion in annual revenue from roughly 1,000 clients (consistent with BlackRock's reported $1.6 billion when professional services are included). The platform has captured approximately 11% of its estimated $12.5 billion total addressable market per Institutional Investor reporting, leaving substantial growth runway. Aladdin's three-year average client retention rate of 98% is one of the highest in enterprise software and reflects the deep integration of Aladdin into clients' daily investment operations, making switching extremely costly and disruptive.
Aladdin Addressable Market and Penetration
Aladdin Current Revenue$1.6B (2024)
11% of estimated $12.5B addressable institutional technology market (Institutional Investor / BlackRock estimate)
Remaining Addressable Market (Large Institutions)~$5B (est.)
Large institutional and wealth managers not yet on Aladdin (BlackRock estimate per Institutional Investor)
Smaller Institutions (Additional TAM)~$6.5B (est.)
Smaller institutional managers and wealth platforms represent additional untapped market
Total Addressable Market (BlackRock estimate)$12.5B
Combined institutional + wealth management technology market as estimated by BlackRock and cited by Institutional Investor
Source: Institutional Investor (Blackrock's Ambition: Become Inseparable From Asset Management) citing BlackRock COO Robert Goldstein's presentation at investor day: $12.5B TAM, Aladdin at 11% penetration
Aladdin History: From One Workstation to $25 Trillion
1988: The Beginning
One Sun Microsystems Workstation
Aladdin begins on a single workstation purchased by Charles Hallac, positioned between a refrigerator and a coffee machine in BlackRock's one-room New York office. Larry Fink's founding vision: build the best risk management capability in the world. Hallac, regarded as Aladdin's primary architect, develops the first mathematical models with Benett W. Golub, initially focused on mortgage securities (collateralized mortgage obligations) which were a new financial product at the time.
1994: First External Deployment
GE / Kidder, Peabody (Halloween Call)
On Halloween 1994, BlackRock received a call from Kidder, Peabody, a GE brokerage subsidiary, to help value its mortgage portfolio using a disc called the "Michelle Spreadsheet." This became Aladdin's first major external deployment. BlackRock successfully analysed what was considered one of the world's most complex portfolios. Kidder was sold to PaineWebber the same year. This moment marks the realisation that Aladdin could be sold to third parties.
2000: BlackRock Solutions
Formal Commercialisation
BlackRock launches BlackRock Solutions as a formal division to license Aladdin to third-party institutions. This is the beginning of Aladdin as a commercial product. BlackRock goes public in October 1999 at $14 per share with $165 billion in AUM; the commercialisation of Aladdin is cited as a key rationale for the public market investment thesis.
2008: The Financial Crisis
Aladdin as Government Infrastructure
During the 2008 financial crisis, Aladdin was used by the US Federal Reserve, the Treasury and major banks to assess the risk exposure in their portfolios. BlackRock was hired to manage toxic mortgage assets from Bear Stearns and AIG. Aladdin's ability to process and stress-test complex structured credit portfolios made it indispensable to the crisis response and dramatically expanded its reputation among institutional clients globally.
2013: $11 Trillion Milestone
$11T on Platform
Aladdin processes approximately $11 trillion in assets, approximately 7% of the world's financial assets at the time, covering around 30,000 investment portfolios. This milestone brings significant regulatory and academic scrutiny about systemic risk concentration.
2019: eFront Acquisition
$1.3 Billion, Paris-Based
BlackRock acquires eFront, a Paris-based alternative investment management platform, for $1.3 billion in cash. eFront covers the full lifecycle of private equity, real estate and infrastructure investments. This integration extends Aladdin from public markets into alternatives, creating the first platform with a unified view across both public and private assets.
2020: $21.6 Trillion
Technology Revenue Surges 34% YoY
Aladdin processes $21.6 trillion in assets. During the COVID-19 market volatility of March 2020, demand for Aladdin's risk analytics surges. Technology revenue grows 34% year-on-year in early 2020, the fastest annual growth rate on record, as institutions scramble for real-time risk management. Aladdin begins its transition to Azure cloud infrastructure alongside its on-premises deployment.
2023: Aladdin Copilot Launch
Generative AI Integration
BlackRock launches Aladdin Copilot, a generative AI tool built on Microsoft Azure OpenAI infrastructure. Aladdin Copilot provides natural language interfaces within the Aladdin platform, allowing portfolio managers and risk officers to ask complex questions in plain English and receive analytical responses grounded in portfolio data. This is the beginning of BlackRock's AI-native transformation of Aladdin.
2025: Preqin + AWS
$3.2B Acquisition + Cloud Expansion
March 2025: BlackRock completes the acquisition of Preqin for £2.55 billion ($3.2 billion), integrating its private markets data covering 190,000 funds, 60,000 managers and 30,000 investors into Aladdin's eFront ecosystem. October 2025: Aladdin Wealth AI commentary tool launches with Morgan Stanley as first client. December 2025: BlackRock announces AWS partnership to deploy Aladdin on Amazon Web Services cloud infrastructure alongside existing Azure deployment, with general availability expected in H2 2026.
Aladdin Platform Modules
Aladdin Product Suite: Core Modules and Capabilities
Aladdin (Core)Public Markets OS
Risk analytics, portfolio management, trading, operations, compliance, accounting for public market assets. Used by institutional asset managers, insurers, pension funds. Core product since 1988.
eFront (acquired 2019)Private Markets
Full lifecycle private equity, real estate, infrastructure and private credit management. Fund administration, LP reporting, capital calls, distributions. Integrates with Preqin for pre-investment data.
Aladdin WealthWealth Management
Tailored for wealth managers, financial advisors and private banks. AI commentary tool launched October 2025, with Morgan Stanley Portfolio Risk Platform as first implementation. Drives advisor efficiency.
Aladdin CopilotGenAI Interface (2023)
Generative AI natural language interface built on Azure OpenAI. Allows institutional users to query portfolio data, generate reports and access risk analytics in plain English. Streamlines institutional investor workflows.
eFront CopilotPrivate Markets AI
AI tool for private markets due diligence automation. Analyses fund documents, extracts key terms, and assists with manager selection using Preqin data integration. Reduces manual due diligence time.
Preqin (acquired March 2025)Private Markets Data
190,000 funds, 60,000 fund managers, 30,000 private markets investors. $240M ARR at acquisition, 20%+ annual growth. 99% recurring revenue. Integrated with eFront to create end-to-end private markets platform from manager selection to portfolio monitoring.
Sources: BlackRock official Aladdin product page (blackrock.com/aladdin) · Wikipedia Aladdin (BlackRock), updated March 20, 2026 · Preqin acquisition details: BlackRock SEC Form 8-K (Preqin investor presentation, June 2024)
Aladdin's AI and Technology Infrastructure
Aladdin's technology stack reflects its 37-year evolution from a single workstation to a cloud-native enterprise platform. Its core infrastructure runs on Linux, Java, Hadoop, Docker, Kubernetes, Zookeeper, Splunk and the ELK (Elasticsearch, Logstash, Kibana) Stack, alongside Sybase ASE and Snowflake for data management, and Apache Nginx for web services. REST APIs and the FIX protocol for trading connectivity enable integration with hundreds of counterparties and exchanges. Since 2021, Aladdin has significantly expanded its Microsoft Azure deployment for data storage, analytics and disaster recovery, with Snowflake as its primary data warehouse.
The AI layer added since 2023 builds on this infrastructure. Aladdin Copilot, launched in 2023, is built on Azure OpenAI services and uses retrieval-augmented generation (RAG) to ground its responses in actual portfolio data rather than general language model outputs. BlackRock invested $150 million in AI capabilities in 2025 and has hired over 300 AI engineers. The Aladdin Wealth AI commentary tool launched in October 2025 represents a significant expansion of AI into the wealth management segment, automatically generating portfolio commentary, attribution analysis and risk summaries for advisors at firms like Morgan Stanley. All of these AI capabilities sit on top of Aladdin's core data infrastructure, which is the true competitive moat: decades of institutional investment data that makes AI outputs more accurate and relevant than any competitor starting from scratch.
Key Acquisitions Expanding Aladdin
BlackRock Technology Revenue vs Total Revenue: 2020-2025
Total BlackRock revenue (light blue) vs Aladdin technology services revenue (dark blue) · Technology revenue growing as a share of total · CFO target: technology + private markets to exceed 20% of total revenue
Sources: Total revenue: BlackRock FY2022 $17.8B (Institutional Investor), FY2023 $17.9B and FY2024 $20.4B (BlackRock Q4 2024 8-K, SEC), FY2025 $24.2B (BlackRock FY2025 earnings) · Technology/Aladdin revenue as reported per individual year sources above · 2025 tech revenue estimated based on quarterly run-rate
eFront and Preqin: Creating the First End-to-End Private Markets Platform
Before 2019, Aladdin was fundamentally a public markets platform with no meaningful private markets capability. The eFront acquisition ($1.3 billion, 2019) added lifecycle management for private equity, real estate and infrastructure. The Preqin acquisition (£2.55 billion, March 2025) added the world's most comprehensive private markets data set. Together, they allow an institution using Aladdin to go from manager selection (using Preqin's database of 60,000 fund managers) through investment process and monitoring (eFront) to consolidated whole-portfolio risk analytics across public and private holdings (core Aladdin) in a single integrated system. BlackRock CFO Martin Small said in January 2025 that "private markets and technology are expected to make up over 20% of BlackRock's overall revenue" with the planned acquisitions of Preqin and HPS completed. This positions Aladdin as the only platform with genuine public-to-private investment integration at institutional scale.
AWS Partnership: December 2025
In December 2025, BlackRock announced a partnership with Amazon Web Services to make Aladdin available on AWS cloud infrastructure, with general availability expected in the second half of 2026. This announcement complements Aladdin's existing Microsoft Azure deployment, which has been the primary cloud infrastructure since Aladdin began its cloud migration in 2021. The AWS partnership gives Aladdin institutional clients the option to run Aladdin workloads on either AWS or Azure, providing greater flexibility for clients who already have preferred AWS relationships (including many large US banks and insurers), and redundancy that reduces single-cloud dependency risk.
The AWS partnership also signals a broader strategic direction: Aladdin is positioning itself as a cloud-agnostic institutional operating system. AWS infrastructure provides access to Amazon's SageMaker machine learning services and Bedrock generative AI platform, which may be integrated into future Aladdin AI features alongside the Azure OpenAI capabilities already embedded in Aladdin Copilot. The announcement positions Aladdin for continued penetration of US-domiciled institutions who are deeply invested in AWS infrastructure.
Full Aladdin Platform Data Table
| Metric ⇅ |
Value ⇅ |
Period ⇅ |
Source ⇅ |
| Assets on Aladdin (Total) | ~$25 trillion | December 2025 | BlackRock reported (via Wikipedia) |
| Assets on Aladdin (Total) | $21.6 trillion | 2020 | BlackRock reported (via Wikipedia) |
| Assets on Aladdin (Total) | $11 trillion | 2013 | BlackRock / Institutional Investor |
| Aladdin Technology Revenue | $1.6 billion | FY2024 | BlackRock Q4 2024 8-K (SEC); Markets Media Jan 2025 |
| Aladdin Technology Revenue | $1.4 billion | FY2022 | Institutional Investor / BlackRock |
| Technology Services Revenue Q1 2025 | $436 million (+16% YoY) | Q1 2025 | BlackRock Q1 2025 8-K (SEC) |
| Technology Services Revenue Q2 2025 | $499 million (+26% YoY) | Q2 2025 | BlackRock Q2 2025 8-K (via altss.com) |
| Technology Services Revenue Q3 2025 | +28% YoY | Q3 2025 | BlackRock Q3 2025 8-K (SEC) |
| ACV Growth (Annual Contract Value) | 12% | FY2024 | BlackRock Q4 2024 earnings call |
| Institutional Clients | 1,000+ | 2025 | Institutional Investor |
| 3-Year Client Retention Rate | 98% | 2025 | Institutional Investor / BlackRock |
| Annual Fee per Client | $1M-$10M | 2025 | PitchGrade Research (January 2026) |
| Total Addressable Market (BlackRock est.) | ~$12.5 billion | 2023 | Institutional Investor citing BlackRock investor day |
| Market Penetration | ~11% | 2023 | Institutional Investor / BlackRock COO |
| Founded / Year 1 Workstation | 1988 | 1988 | Wikipedia / BlackRock official history |
| First External Client | GE / Kidder Peabody | 1994 | Wikipedia Aladdin (BlackRock) |
| BlackRock Solutions (external launch) | 2000 | 2000 | Wikipedia BlackRock |
| eFront Acquisition | $1.3 billion | 2019 | BlackRock SEC 8-K (2019) |
| Preqin Acquisition | £2.55B ($3.2B) | March 2025 | BlackRock SEC 8-K; Wikipedia |
| Aladdin Copilot Launch | 2023 (Azure OpenAI) | 2023 | Wikipedia Aladdin (BlackRock) |
| AWS Partnership Announced | December 2025 | December 2025 | Wikipedia Aladdin (BlackRock) / Amazon Press Center |
| AWS General Availability Target | H2 2026 | H2 2026 | BlackRock / Amazon December 2025 announcement |
| Aladdin Wealth AI Tool Launch | October 2025 (Morgan Stanley first) | October 2025 | BusinessWire October 2, 2025 |
| AI Investment (BlackRock 2025) | $150 million | 2025 | BusinessStats.com citing BlackRock reporting |
| AI Engineers Hired | 300+ | 2025 | BusinessStats.com citing BlackRock reporting |
Click any column to sort. All figures sourced from BlackRock SEC filings, Wikipedia (updated March 2026), Institutional Investor, Markets Media, altss.com and PitchGrade Research. Revenue figures represent BlackRock's reported technology services and subscription revenue line, which includes Aladdin, Aladdin Wealth, eFront and (from Q2 2025 onwards) Preqin.
Key Insight: The Network Effect Moat
Why Aladdin's 98% Retention Rate Is More Valuable Than Any Product Feature
The single most important statistic about Aladdin is not the $25 trillion in assets or the $1.6 billion in revenue. It is the 98% three-year average client retention rate. This number reflects a structural competitive moat that no competitor can easily replicate. When an institution implements Aladdin, it restructures its entire operational workflow around the platform's data model, APIs and reporting outputs. Portfolio managers write investment memos referencing Aladdin attribution. Risk officers build monitoring frameworks using Aladdin factors. Operations teams rebuild settlement and reconciliation workflows on Aladdin's infrastructure. Over five to ten years, Aladdin becomes the central nervous system of the institution. Switching to a competing platform means not just replacing software but reconstructing every workflow, retraining every user and migrating a decade of historical portfolio data. The cost and risk of that transition is so high that even clients who experience service issues almost always remain. Robert Goldstein, BlackRock's COO, noted at investor day that 68% of BlackRock's 25 largest clients increased their wallet share with the firm over the preceding five years. Aladdin does not just retain clients; it deepens the relationship over time.
Frequently Asked Questions
