Frank is widely known through the industry as an exceptional leader with an open and collaborative leadership style. He has an extensive network of contacts throughout the industry and has access to virtually all organizational levels within nearly every major firm.
Frank recently retired from BlackRock after 14 years, and remains as a senior advisor to the firm, serving as a member of the board of iCapital, an alternative investment-focused turnkey asset management program in which BlackRock has been an investor since 2015. Porcelli joined BlackRock through its acquisition of Merrill Lynch’s investment management division in 2006. Under Frank’s leadership, BlackRock’s US wealth advisory business grew from $250 billion to nearly $1 trillion in assets under management. As the head of US Wealth Advisory, he had been responsible for integrating iShares with active coverage, creating the independent channel and shifting BlackRock’s strategic focus from product sales to portfolio construction.