Do you work at BlackRock?
Get expert insights from financial advisors who specialize in helping BlackRock employees and executives make the most of their compensation package and benefits.
Looking for a financial advisor who specializes in working with BlackRock employees? You’re in the right place. Below, you’ll find advisors who understand BlackRock benefits and compensation — along with their answers to common financial questions from BlackRock employees and executives.
Whether you recently joined BlackRock or you’ve advanced into a management or executive leadership role over a multi-year career, making smart decisions about your income and BlackRock benefits can have a lasting impact on your financial future. For example:
✅ Do you know the right moves to get the greatest value from the BlackRock benefits available to you?
✅ If you’re thinking about leaving BlackRock for another job or planning to retire in a few years, are you taking the right steps today to receive all the compensation and benefits you’ve earned?
Key Takeaways
BlackRock’s After-Tax 401(k) Option Is Its Most Overlooked Savings Benefit
The advisor below points to after-tax 401(k) contributions — the “mega backdoor” Roth option — as a benefit BlackRock employees should consider once they have maxed out standard contributions. It allows additional savings beyond the usual limits for long-term, tax-advantaged growth.
Smaller BlackRock Benefits Add Up When You Use Them
The employee stock purchase plan, company HSA contributions for those on a high-deductible health plan, a mental health subsidy, and life and disability coverage are all easy to overlook. Reviewing them together can add meaningful value to your total compensation.
Concentration in BlackRock Shares Calls for a Disciplined Diversification Plan
Over-concentration in company stock and uneven cash flow are the most common challenges the advisor below sees among BlackRock employees. Organizing spending and investing regularly in a diversified account helps bring that exposure back in line.
Why BlackRock Employees Work with a Specialist Financial Advisor
Throughout the year, BlackRock provides its employees and executives with updates about their benefits, ranging from health insurance and health savings accounts to retirement plans like a 401(k) with an after-tax savings option — along with an employee stock purchase plan and, for many employees, equity awards in BlackRock stock. While the company offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with BlackRock who specialize in helping BlackRock employees make the most of their income and benefits.
BlackRock is headquartered at 50 Hudson Yards in New York City, and its other major U.S. offices include San Francisco; Princeton, New Jersey; Wilmington, Delaware; and Atlanta, where the company opened a large innovation hub. Whether you work at one of those sites, another office, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.
Sensitive topics — like the steps you should take before quitting your job at BlackRock to work elsewhere, protecting yourself in advance of a corporate layoff, or deciding when you should plan to retire — are all conversations that may be more comfortable with a trusted financial advisor.
Should You Hire a BlackRock Specialist or a Local Financial Advisor?
You’ll likely find dozens of nearby financial advisors well-suited to help you reach your money goals with a personalized plan. But it can be harder to find a financial advisor who specializes in serving BlackRock employees. Fortunately, many financial advisors offer virtual services, so you can meet online no matter where you (or they) live — which means you can hire a specialist financial advisor who lives hundreds of miles away if their knowledge and experience working with BlackRock employees is the better fit for your unique needs.
💡 In the Q&A below, you’ll gain insights from financial advisors who work with BlackRock employees to help them make smart decisions, get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.
🙋♀️ Have a question not yet answered? Use the form below to submit your question. You can also contact financial advisors directly to set up an introductory call or contact them with your questions.
Q&A: Financial Planning Tips for BlackRock Employees & Executives
In this section, you’ll learn how you can make the most of your BlackRock employee benefits and gain valuable tips from financial advisors who specialize in working with BlackRock employees and executives.
Financial Advisor Q&A · BlackRock Employees
Jennifer Kang, CFP®
JWK Financial · New York, NY · Serves clients nationwide
Helping first generation wealth builders achieve their financial goals.Jennifer Kang is a financial advisor based in New York, New York who specializes in offering financial planning services to BlackRock employees. Jennifer helps her clients get the most value from their BlackRock benefits and compensation package so they can enjoy life and feel confident about their financial future.
QAs a financial advisor with experience helping BlackRock employees save for their retirement, how do you help them make the most of their employee benefits?
I help by making sure that they are maxing out their 401k and, if able, consider the extra $10,000 in the after-tax bucket of their 401k (mega back door option)!
QWhen you first speak with a BlackRock employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?
How much longer do they see themselves working – either at BlackRock or anywhere else? What are their ultimate life goals? What is the purpose of working? What does life with financial freedom look like to them?
QIs there a particular benefit available to BlackRock employees you feel isn’t as well utilized or understood by employees as it should be?
The mega backdoor option of at least $10,000; mental health subsidy; life insurance/disability coverage.
QBeyond BlackRock employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients (e.g., stock, education savings, health savings)?
BlackRock does offer an ESPP at a 5% discount. If applicable for a high deductible health plan, there is a $700 company contribution to HSA. And doggy daycare!
QFor BlackRock employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?
Make sure to know where to get information regarding company benefits upon departure.
QFor BlackRock employees approaching retirement age, how do you recommend they prepare to make the transition from living off their salary to relying upon other sources of income?
Taxes would be the main part. Make sure that you have an order of when to draw from which accounts to maximize tax savings. Do you know how much you can spend before the possibility of running out of money? Did you consider long-term care insurance?
QWhat are some of the unique financial planning challenges you commonly see among your clients who are BlackRock employees and how do you help them overcome these obstacles?
Cashflow and savings. Over concentration in BlackRock shares and not diversifying. Help them by organizing their spending and have them invest in a disciplined and diversified investment account.
QWhat questions do you recommend BlackRock employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?
Am I doing the best that I can with all the resources that I currently have? How can I better maximize my situation?
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About the Author
Brian Thorp
Founder & CEO, Wealthtender · Editor-in-Chief
Brian Thorp is the founder and CEO of Wealthtender and serves as Editor-in-Chief. With over 25 years in the financial services industry — including nearly 22 years at Invesco, where he led strategic partnerships with wealth management firms representing more than $100 billion in assets — Brian founded Wealthtender to help people find financial advisors they can trust and make more informed money decisions.
A member of the National Society of Compliance Professionals and its SEC Marketing Rule Working Group, Brian was recognized by WealthManagement.com as one of its “Ten to Watch in 2024” for his work reshaping how financial advisors market their services. He holds a B.B.A. in Finance from The University of Texas at Austin.
Brian and his wife live in Austin, Texas.