This is our 10th installation of the 15 “Legends.” In our future newsletters and bulletins, we will be featuring the other Legends that were selected by PLANSPONSOR. Fred Reish was selected as one of the 15 “Legends of the Retirement Industry.” These “Legends” are individuals who have, in the past decade and a half, made a lasting contribution to the nation’s retirement security. As described by PLANSPONSOR:

In 1987, Larry Fink, along with some liked-minded fixed-income Young Turks, pitched an idea about a new type of asset management firm. Unfortunately, the meeting was unsuccessful and Larry was told “Another bond manager—just what the world doesn’t need.”

Fortunately, Larry Fink proved that he was unlike any other bond manager. Larry eventually founded BlackRock, a buy-side firm that owned its own technology and understood risk management. After the acquisition of State Street Research and Merrill Lynch’s asset management business, BlackRock manages $1.3 trillion. BlackRock now represents the acme of multi-class asset management.

Congratulations to Larry Fink for “his personal role in the founding and extraordinary growth of the nations’ preeminent bond management firm.”
Source: The Adviser Report