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Larry Fink, chief executive officer of BlackRock Inc., speaks during BlackRock’s 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. <\/p>\n
Daniel Heuer | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
BlackRock CEO Larry Fink said Trump accounts<\/a> could be a successful early\u00a0wealth-building tool<\/a>\u00a0for children in the U.S., when paired with pre-existing investment vehicles.<\/p>\n In his annual chairman’s letter<\/a>\u00a0to investors, published Monday, Fink said this type of policy can have a good return on investment. “On average, early wealth-building accounts make it more likely for someone to earn an advanced degree, start a business, and own a home,” he wrote, citing a 2023 research paper by the Aspen Institute<\/a>. <\/p>\n “We’ll see how these accounts evolve, but if they are structured thoughtfully, and paired with existing investment vehicles for education and retirement (like 529 and 401(k) plans), this could be a very significant step toward more young Americans growing with their country,” Fink wrote.<\/p>\n A\u00a0529 college savings plan<\/a>\u00a0is another tax-advantaged\u00a0investment option<\/a>\u00a0for families to save on a child’s behalf, generally geared toward future education expenses. Alternatively, a 401(k) plan<\/a> is a retirement savings tool available through most employers. <\/p>\n<\/div>\n