BlackRock's assets under management totaled $4.324 trillion on Dec. 31, up 6% from three months earlier and 14% higher than a year ago, according to an earnings statement the firm released Thursday.
The firm reported long-term net inflows of $40.5 billion for the fourth quarter, up from net inflows of $25 billion during the previous quarter but down from net inflows of $47 billion in the year-earlier quarter.
The fourth quarter of 2013 saw total institutional net inflows of $4.8 billion.
Overall equity net inflows reached $24.7 billion during the quarter, while fixed income saw net inflows of $1.5 billion. The multiasset sector saw net inflows of $17.36 billion, while alternatives saw net outflows of $3.05 billon.
The firm's LifePath target-date strategy surpassed $100 billion in assets managed on behalf of more than 8 million individual investors, said Laurence D. Fink, chairman and CEO of BlackRock, in a news release.