This brochure describes the advisory services offered by BlackRock and its affiliates. It does not provide specific fee schedules. Fees vary depending on the specific investment product or service, such as US Registered Funds, Private Funds, Institutional Separate Accounts, or SMAs. For SMA programs, clients may be charged a wrap fee by the Sponsor, which may or may not include the advisory fees charged by BlackRock. Clients should review the Sponsor's Program Brochure for details.