BlackRock's assets hit record $10.5 trillion in Q1; profits jump 36%

BlackRock's assets hit record $10.5 trillion in Q1; profits jump 36%

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo

Assets at BlackRock hit a record $10.5 trillion in the first quarter and the firm posted a 36% jump in profit as rising global equity markets boosted its investment advisory and administration fees, the world’s largest asset manager said on Friday.