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BlackRock Vs Goldman Sachs: What's the Difference?

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When it comes to the world of finance, there are a lot of big names that come to mind. Two of the most prominent are BlackRock and Goldman Sachs. But what exactly is the difference between these two companies?

The main difference between BlackRock and Goldman Sachs is their business model. BlackRock is an asset management company, while Goldman Sachs is an investment bank. This means that BlackRock primarily manages money for other people and institutions, while Goldman Sachs provides financial advice and makes investments for its clients.

What is BlackRock?

BlackRock is a global investment management corporation that was founded in 1988. It is headquartered in New York City and has over $10 trillion in assets under management. BlackRock is the largest asset manager in the world and offers a wide range of investment products and services to institutional and individual investors.

BlackRock’s mission is to help people around the world achieve their financial goals. BlackRock strives to create a better financial future for all by offering products and services that enable clients to save, invest and protect their money.

What is Goldman Sachs?

Goldman Sachs is a global investment banking firm that was founded in 1869. It is headquartered in New York City and has over $2.5 trillion in assets under management. Goldman Sachs is one of the largest and most prestigious investment banks in the world, and offers a wide range of investment banking products and services to institutional and individual investors.

Goldman Sachs has a long history of success, and has been involved in some of the most important financial transactions of the past century. The firm has advised on the financing of numerous major corporations and governments, and has underwritten many of the world's largest initial public offerings (IPOs).

Differences between BlackRock and Goldman Sachs

History

BlackRock was founded in 1988, while Goldman Sachs was founded in 1869.

BlackRock was founded in 1988 by Larry Fink and Robert Goldstein. At the time, it was called BlackRock Institutional Trust Company. The company grew rapidly and became a leading player in the world of finance. In 1999, BlackRock merged with Merrill Lynch Investment Managers, and in 2006, it merged with Barclays Global Investors. Today, BlackRock is a global investment management corporation with over $10 trillion in assets under management.

Goldman Sachs was established in 1869 by Samuel Goldman and Marcus Sachs, then simply called Goldman Sachs & Co. The company rapidly progressed and became a well-renowned name in the finance industry. In 1999, Goldman Sachs joined forces with The Travelers Group, and later on merged with Lehman Brothers in 2006. Presently, Goldman Sach is a leading global investment banking firm that manages over $2.5 trillion worth of assets.

Business model

BlackRock is an asset manager, while Goldman Sachs is an investment bank.

An asset manager is a company that invests money on behalf of its clients. This money can be invested in a variety of different ways, including stocks, bonds, and real estate. An investment bank is a company that provides financial services to institutions and individuals. These services include investment banking, underwriting, and market making.

The two companies have different business models, but they both play important roles in the financial world.

Reputation

Both BlackRock and Goldman Sachs are highly respected and well-known in the world of finance.

Goldman Sachs is often considered to be one of the most prestigious investment banks in the world. This is due to its long history, its robust business model, and its large assets under management.

BlackRock is the world's largest asset manager and is also one of the most respected companies in the industry. BlackRock has a strong reputation for its investment performance and its ability to manage risk.

Comparison Table: BlackRock Vs Goldman Sachs

SpecificationsBlackRockGoldman Sachs
Creation19881869
Business modelInvests money on behalf of its clientsProvides financial services to institutions and individuals
ReputationWorld's largest asset managerOne of the most prestigious investment banks in the world
Assets under management$10 trillion$2.5 trillion
Number of employees18 40043 900
CEOLarry FinkDavid Solomon

Similitudes Between BlackRock and Goldman Sachs

Both BlackRock and Goldman Sachs are major financial institutions with a long history. They have both weathered many storms and come out stronger on the other side.

They provide a variety of financial services, including investment banking, securities trading, and wealth management. They also have a large presence in the global financial markets.

FAQs

What are the different types of investment products offered by BlackRock?

BlackRock offers a wide range of investment products, including stocks, bonds, and real estate. It also offers products such as mutual funds, exchange-traded funds (ETFs), and hedge funds.

Who is the most profitable between BlackRock and Goldman Sachs?

Both BlackRock and Goldman Sachs are highly profitable companies. However, Goldman Sachs is often considered to be the more profitable of the two. This is because Goldman Sachs has a higher return on equity (ROE) than BlackRock. ROE is a measure of how much profit a company generates for each dollar of shareholder equity. In general, the higher the ROE, the more profitable the company.

What is the investment banking division at Goldman Sachs?

The Investment Banking Division (IBD) is the division of Goldman Sachs that serves corporate and government clients by providing strategic advisory services for mergers, acquisitions, divestitures, restructurings, and other transactions.

Conclusion

BlackRock and Goldman Sachs are both global leaders in the world of finance. They offer a wide range of investment products and services to institutional and individual investors.

However, there are some key differences between the two companies. BlackRock is an asset manager, while Goldman Sachs is an investment bank. BlackRock has over $10 trillion in assets under management, while Goldman Sachs has over $2.5 trillion in assets under management.

Both companies are highly respected and well-known in finance, but Goldman Sachs is often considered one of the most prestigious investment banks in the world.

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About the Author: Nicolas Seignette

Nicolas Seignette, who holds a scientific baccalaureate, began his studies in mathematics and computer science applied to human and social sciences (MIASHS). He then continued his university studies with a DEUST WMI (Webmaster and Internet professions) at the University of Limoges before finishing his course with a professional license specialized in the IT professions. On 10Differences, he is in charge of the research and the writing of the articles concerning technology, sciences and mathematics.
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