Growth and Transition Strategy Update

Accelerating demand for whole portfolio solutions and model portfolios Outsourced CIO and U.S. Wealth SMA Industry ($T)¹ U.S. Model Adoption and Addressable Market ($T)² $2.9 $5.1 13% CAGR CAGR (2017-2022): 2.3 U.S. Wealth SMAs 11% >$9.0T >2x 2022 industry estimates 5-year expected growth 1.4 $4.2 2.7 Outsourced CIO 15% $2.1 $1.6 1.4 $0.4 2017 2022 Potential Opportunity Advisor Driven Home Office Third-Party Note: For footnoted information, refer to slide 76. BlackRock 69

View entire presentation