BlackRock Investor Day 2021

IRH0621U/M-1675207-1/171 Accelerating adoption of managed products through model portfolios The industry model marketplace is set to more than double to $10T over the next five years¹ +2.5x ~$10T ENVESTNET Managed accounts via Envestnet Fund Strategist Portfolios ("Models"): BlackRock growth in proprietary managed & third-party managed models ~$66B in AUM at Envestnet² ~$4T 2020E 2025E $20B net new business over the past 18 months2 ~65% of revenue driven by BLK placement in third-party models³ Note: Through a holding company subsidiary, BlackRock, Inc. ("BlackRock") owns a non-controlling interest in Envestnet's parent company, Envestnet, Inc. (NYSE: ENV). For footnoted information, refer to slide 85. BlackRock 83

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