BlackRock Inc Investor Day (Virtual) Transcript
(presentation)
Good morning, everyone, and thank you for joining us today. I'm Sam Tortora, and I lead Investor Relations at BlackRock.
When I joined this team more than a decade ago, BlackRock managed roughly $3.5 trillion of client assets. And the question we were asked most often then was, is BlackRock too big to grow? Our results demonstrate that we weren't then, and we aren't now. In fact, our strongest quarter ever for organic asset and revenue growth was the first quarter of this year, as an asset manager investing more than $9 trillion in AUM on behalf of our clients.
At our inaugural Investor Day in June 2013, we laid out a simple framework for delivering value to shareholders, comprised of generating differentiated organic growth; delivering operating leverage; and effectively allocating capital to investments, dividends and share repurchases. Our execution of this framework is what will continue to generate value for all of BlackRock's stakeholders in the years ahead.
Before we begin, I'd like to remind
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