Full text of BLACKROCK EXECUTION SERVICES's X-17A-5 filed 2020-02-28 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **BLACKROCK EXECUTION SERVICES** # **STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2019 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** {1}------------------------------------------------ #### **Contents** | Report of Independent Registered Public Accounting Firm | 1 | |---------------------------------------------------------|---| | Statement of Financial Condition | 2 | | Notes to Statement of Financial Condition | 3 | {2}------------------------------------------------ {3}------------------------------------------------ #### BlackRock Execution Services Statement of Financial Condition December 31, 2019 (Dollar amounts in thousands, except share data) | Assets | | |-----------------------------------------------------------|--------------| | Cash and cash equivalents | \lt;br>49,685 | | Commissions receivable | 9,220 | | Deposit with clearing organization | 501 | | Other assets | 440 | | Total assets | \lt;br>59,846 | | Liabilities | | | Due to related parties | \lt;br>6,612 | | Accounts payable and accrued liabilities | 1,126 | | Total liabilities | 7,738 | | Stockholder's equity | | | Common stock (\$0.01 par value - 1,000 shares authorized, | | | one share issued and outstanding) | - | | Additional paid-in capital | 6,486 | | Retained earnings | 45,622 | | Total stockholder's equity | 52,108 | | Total liabilities and stockholder's equity | \lt;br>59,846 | See accompanying notes to statement of financial condition. {4}------------------------------------------------ # **1. Organization** BlackRock Execution Services (the "Company") is incorporated in the State of California. The Company is a wholly owned subsidiary of BlackRock Institutional Trust Company, N.A., which is an indirect, wholly owned subsidiary of BlackRock, Inc. (together, with its subsidiaries "BLK"). The Company is a registered broker-dealer under the Securities Exchange Act of 1934 (the "Act") and the California Department of Corporations and is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. The Company provides agency trading services to its clients. # **2. Significant Accounting Policies** # **Basis of Presentation** The statement of financial condition has been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). The preparation of the statement of financial condition in conformity with GAAP requires manage…Read the full text as markdown