BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $8.67 trillion in assets under management as of January 2021.[6] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[7] Along with Vanguard and State Street, BlackRock is considered one of the Big Three index fund and passive management firms that dominate corporate America.[