BlackRock Inc the world’s largest money manager posted a profit for the third quarter that increased 26% as investors injected cash into its funds, increasing fees for managing client’s money.

Net income ended the quarter at $917 million equal to $5.37 per share from the same period a year ago of $730 million equal to $4.21 a share, said the company based in New York in a statement on Wednesday.

Excluding special items, the adjusted earnings for the quarter were $5.21 a share beating the analyst’s average of $4.66.

CEO of BlackRock Laurence Fink who is 61 has reorganized the leadership at the firm to improve its performance and appeal to the individual investor.

The company attracted investor money of $28.6 billion into is fund for long term during the most recent quarter, driven by its sales of iShares, which are funds that are exchange traded.

The firms bond ETFs also have benefitted since the end of September as investors started to reallocated cash they had pulled out of Pacific Investment Management following the abrupt departure of Bill Gross the co-founder.

BlackRock will likely benefit from an outlook of higher organic growth resulting from potential attrition related to Bill Gross a peer and rival Pimco, said a Wall Street stock analyst.

Shares of BlackRock have fallen 3.1% since the start of 2014, compared to a decrease of 5.4% in the S&P 18 company asset managers and custody banks index.

Revenue was up 15% from the same time last year to over $2.9 billion as fee from the management of investor funds increased as well as assets.

BlackRock assets increased by 10% from the same time last year to end the quarter at $4.52 trillion. Due to market declines and losses in foreign exchange, the assets eroded over $108 billion in value.

BlackRock, which earns a fee based upon the amount of money it is overseeing for its clients. Higher global markets during the recently ended third quarter helped as the S&P 500 was up by 18% during the three months ending September 30.

Fink co-founded the firm in 1988 and in December of 2009 acquired the Barclays Global Investors to help with the expansion into passive investments, which are funds with stocks and bonds that are actively managed.

A net $18.2 billion was added by Investors into the iShares of the firm. Blackrock is amongst the money managers that are lobbying against regulators attempts to label some of the nonbank finance firms as systemically important institutions of finance.

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