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BlackRock, Inc. (BLK) is a multinational investment management corporation.

Founded in 1988, BlackRock is now a $117 billion (by market cap) investment management behemoth that employs 18,000 people.

With approximately $10 trillion in assets under management, BlackRock is the largest asset manager in the world.

BlackRock has a wonderful business model.

Asset management is highly appealing because of its structure.

Like all other asset managers, BlackRock charges fees to manage assets.

And the fee base is exponentially rising.

That’s because BlackRock has tremendous exposure to global equities.

Global equities are compounding as the planet’s population grows and our collective economic output rises.

The fee base is compounding.

In turn, BlackRock’s fees are compounding.

Now, this concept might seem intuitive.

But it’s a concept that’s supercharged for BlackRock, due to their immense scale.

BlackRock is sitting in a rising tide (global capital markets) which is lifting all boats (participants in said capital markets).

However, being the largest boat in that tide, BlackRock stands to disproportionately benefit from this.

Obviously, this sets them up to continue increasing their revenue, profit, and dividend for years and years into the future.

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