BlackRock [
profile] is looking to expand it's retail business, according to president
Robert Kapito.
“Retail is an enormous growth opportunity,” Kapito said this week at the Credit Suisse Financial Services Forum, according to reports from
Bloomberg.
Reporter Alexis Leonidis noted that retail investors account for 12 percent of BlackRock’s AUM, and 34 percent of base fees.
For more details, check out the original article
here.
 
Edited by:
Ben Geier
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