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  • Writer's pictureRaj Sukkersudha, Founder of Denver Capital

The 25 Largest Asset Managers in the World (by AUM).



Asset management plays a crucial role in the world of finance. These firms are entrusted with the management of vast sums of money, and their decisions impact the financial health and stability of individuals, institutions, and economies. One of the key metrics used to measure their influence and significance is their Assets Under Management (AUM).


Here are the 25 largest asset management firms globally, ranked by their AUM.

(AUM as of March 2023)

 

#1. Blackrock

Managed AUM: $9.1 trillion

Country: US


BlackRock, Inc. is a global financial services and investment management firm headquartered in New York City. Founded in 1988, it has become one of the world's largest and most influential asset management companies. BlackRock is renowned for its expertise in managing a wide range of investment products, including mutual funds, exchange-traded funds (ETFs), and institutional portfolios. The company serves a diverse client base, which includes individual investors, institutions, and governments. BlackRock is also known for its data-driven approach to investment, employing advanced technology and analytics to make informed decisions on behalf of its clients.

 

#2. Vanguard Group

Managed AUM: $7.6 trillion

Country: US


The Vanguard Group, often referred to simply as Vanguard, is a renowned global investment management company headquartered in Valley Forge, Pennsylvania. Founded in 1975, Vanguard is one of the world's largest and most respected providers of low-cost index mutual funds and exchange-traded funds (ETFs). Vanguard is unique in the investment world because it operates as a client-owned mutual fund company, meaning that its funds are owned by the investors in those funds, essentially reducing conflicts of interest between the company and its clients.


Vanguard is widely recognised for pioneering the concept of index investing and popularising the idea that most investors are better served by low-cost, diversified, and long-term investment strategies. The company's founder, John C. Bogle, was instrumental in promoting these principles. Vanguard's investment philosophy is grounded in passively managed index funds that seek to replicate the performance of market benchmarks, such as the S&P 500.

 

#3. Fidelity Investments

Managed AUM: $4.2 trillion

Country: US


Fidelity Investments, commonly known as Fidelity, is a prominent American financial services company with a long history in the investment industry. Founded in 1946, Fidelity has established itself as one of the largest and most diversified asset management firms globally. The company is headquartered in Boston, Massachusetts.


Fidelity offers a wide range of financial services, including mutual funds, exchange-traded funds (ETFs), retirement planning, wealth management, and brokerage services. Fidelity is known for its extensive lineup of mutual funds and ETFs, with options covering various asset classes, investment styles, and risk profiles. They serve both individual investors and institutions, providing them with tools and resources to make informed investment decisions.

 

#4. State Street Global Advisors

Managed AUM: $3.6 trillion

Country: US


State Street Global Advisors (SSGA) is another prominent global investment management company with a strong presence in the financial industry. Founded in 1978 and headquartered in Boston, Massachusetts, SSGA is a subsidiary of State Street Corporation, one of the world's largest and oldest financial institutions.


State Street Global Advisors is well-regarded for its expertise in index investing and is one of the pioneers in the development of exchange-traded funds (ETFs). SSGA offers a wide range of investment strategies and solutions to its clients, which include individual investors, institutional investors, and retirement plans. The company manages assets across various asset classes, including equities, fixed income, and alternative investments.

 

#5. Morgan Stanley

Managed AUM: $3.1 trillion

Country: US


Morgan Stanley is a prominent global financial services firm with its headquarters located in New York City. Established in 1935, the company has grown to become one of the world's leading investment banks and financial institutions. Morgan Stanley provides a wide range of financial services, including investment banking, wealth management, asset management, and institutional securities.


The firm has a strong presence in various financial markets and offers services to a diverse client base, which includes corporations, governments, institutions, and individual investors. Morgan Stanley is well-known for its role in facilitating mergers and acquisitions, underwriting securities, and managing assets for clients.

 

#6. JP Morgan Chase

Managed AUM: $3.0 trillion

Country: US


JPMorgan Chase & Co., often simply referred to as JPMorgan Chase, is one of the world's largest and most prominent financial institutions. It is a multinational bank and financial services company headquartered in New York City. JPMorgan Chase has a rich history dating back to 1799 and has grown to become a key player in the global banking and financial industry.


The company offers a wide range of financial services, including banking, investment banking, asset management, and retail and commercial banking. It serves a diverse clientele, including individual consumers, small businesses, corporations, and institutional investors. JPMorgan Chase is known for its extensive global network, which spans across various countries and regions.

 

#7. Goldman Sachs

Managed AUM: $2.7 trillion

Country: US


Goldman Sachs Group, Inc., often referred to simply as Goldman Sachs, is a prominent global investment banking, securities, and investment management firm. Founded in 1869 and headquartered in New York City, it has established itself as one of the most prestigious and influential financial institutions in the world. Goldman Sachs provides a wide range of financial services, including investment banking, asset management, securities trading, and various advisory services.


The firm is known for its involvement in significant financial transactions and services for both corporate clients and institutional investors. Goldman Sachs has played a pivotal role in underwriting initial public offerings (IPOs), mergers and acquisitions, and various other financial operations. Additionally, the company manages assets for a diverse client base, including high-net-worth individuals, institutions, and governments.


Goldman Sachs has a storied history and a strong reputation for its financial expertise and global reach. It has weathered many economic cycles and has often been at the forefront of innovation in the financial industry.

 

#8. Credit Agricole

Managed AUM: $2.7 trillion

Country: France


Crédit Agricole, also known as Crédit Agricole Group, is a leading French banking and financial services organisation. Founded in 1894, it is one of the largest and most prominent banking groups in France and Europe. Crédit Agricole is unique in its structure as it operates as a network of cooperative and mutual banks, each of which is linked to regional and local agricultural and rural communities.


Crédit Agricole Group provides a wide range of financial services, including retail banking, asset management, insurance, corporate and investment banking, and wealth management. The group has a significant international presence, with operations in various countries, and it is known for its commitment to sustainable and responsible banking practices.

 

#9. Allianz Group

Managed AUM: $2.4 trillion

Country: Germany


Allianz Group is a prominent global financial services and insurance company based in Germany. Founded in 1890, it has grown to become one of the largest and most diversified insurance and asset management companies in the world. Allianz offers a wide range of financial services, including insurance products for individuals and businesses, asset management, and other financial solutions.


The company has a global presence and serves millions of customers in over 70 countries. Allianz is recognised for its strength and stability in the insurance industry and is often ranked among the top insurance companies worldwide. They provide a comprehensive suite of insurance offerings, such as life insurance, property and casualty insurance, and health insurance, along with a variety of investment and wealth management services.

 

#10. Capital Group

Managed AUM: $2.3 trillion

Country: US


The Capital Group Companies, Inc., commonly known as Capital Group, is a prominent American investment management firm based in Los Angeles, California. Founded in 1931, Capital Group has established itself as one of the oldest and most respected players in the asset management industry. The company is known for its long-term, fundamental investment approach, which emphasises in-depth research and a focus on individual securities rather than short-term market trends.


Capital Group serves a diverse clientele, which includes individual investors, retirement plans, financial intermediaries, and institutional investors. The company offers a wide range of investment products, including mutual funds under the American Funds brand, which are highly regarded for their conservative investment style and long-term performance.


One distinctive feature of Capital Group is its approach to fund management, where investment decisions are made by individual portfolio managers or teams, each having a high degree of autonomy and responsibility for their portfolios. This approach is designed to encourage independent thinking and a focus on long-term value.

 

#11. Amundi

Managed AUM: $2.1 trillion

Country: France


Amundi is a prominent European asset management company headquartered in Paris, France. Established in 2010 as a result of a merger between Crédit Agricole Asset Management and Société Générale Asset Management, it has grown to become one of the largest asset managers in Europe and a global leader in the field. Amundi offers a wide array of investment products and services, including mutual funds, ETFs, and other investment solutions, catering to a diverse client base that comprises retail investors, institutional clients, and corporate entities.


With a strong commitment to responsible and sustainable investing, Amundi has gained recognition for its efforts in environmental, social, and governance (ESG) investing, making it a prominent player in the growing trend of socially responsible investment practices. The company's expertise in this area has contributed to its strong reputation and growing influence in the asset management industry.

 

#12. Bank of New York Mellon

Managed AUM: $1.9 trillion

Country: US


The Bank of New York Mellon, commonly referred to as BNY Mellon, is a prominent American banking and financial services corporation. Established in 2007 through the merger of The Bank of New York and Mellon Financial Corporation, it has a storied history dating back to the 18th century. BNY Mellon is headquartered in New York City and is one of the world's largest custodian banks and asset servicing institutions.


The company specialises in providing a broad spectrum of financial services, including asset management, wealth management, treasury services, investment management, and asset servicing for both institutional and individual clients. BNY Mellon plays a crucial role in facilitating global financial transactions, managing investment portfolios, and safeguarding assets for a diverse client base, which includes financial institutions, corporations, governments, and high-net-worth individuals.

 

#13. UBS Group

Managed AUM: $1.8 trillion

Country: Switzerland


UBS Group AG, commonly referred to as UBS, is a multinational financial services firm headquartered in Zurich, Switzerland. It is one of the world's leading and most prominent financial institutions, with a rich history dating back to the 19th century. UBS offers a comprehensive range of financial services, including wealth management, investment banking, asset management, and retail banking.


UBS is widely recognised for its global presence and its ability to serve a diverse clientele, including high-net-worth individuals, institutional investors, corporations, and governments. The firm is known for its expertise in private banking and wealth management, catering to affluent clients around the world. In the realm of investment banking, UBS has a strong reputation for providing advisory services, underwriting, and trading across various asset classes.

 

#14. PIMCO

Managed AUM: $1.8 trillion

Country: US


Pacific Investment Management Company, LLC (PIMCO) is another prominent global investment management firm specialising in fixed-income investments. Founded in 1971 and headquartered in Newport Beach, California, PIMCO is renowned for its expertise in managing bond funds and fixed-income securities. The company has earned a reputation as one of the world's leading bond investment managers.


PIMCO serves a diverse client base, including individual investors, institutions, and governments. The firm is known for its active management approach, where skilled portfolio managers actively buy and sell bonds to seek out performance opportunities in various market conditions. PIMCO's research and analysis capabilities are highly regarded in the industry, helping it make informed decisions and construct portfolios to meet specific investment objectives.

 

#15. Edward Jones

Managed AUM: $1.7 trillion

Country: US


Edward Jones is a well-known financial services firm headquartered in St. Louis, Missouri, with a history dating back to its founding in 1922. Unlike some of the larger Wall Street investment banks, Edward Jones is primarily focused on providing personalised and face-to-face financial services to individual investors. The firm operates through a network of financial advisors who work closely with clients to offer a range of services, including retirement planning, wealth management, and investment advice.


Edward Jones is known for its client-centered approach, emphasising building long-term relationships and tailoring financial strategies to meet the unique goals and needs of each individual client. The firm's business model is built on a decentralised system of local branch offices, allowing financial advisors to work closely with clients in their communities.

 

#16. Deutsche Bank

Managed AUM: $1.5 trillion

Country: Germany


Deutsche Bank is a global financial institution headquartered in Frankfurt, Germany. Established in 1870, it has grown into one of the largest and most prominent banks in the world. Deutsche Bank provides a wide range of financial services, including investment banking, retail banking, asset management, and private banking.


As a major player in the financial industry, Deutsche Bank has historically been known for its international reach and involvement in various financial markets. It has been a significant player in investment banking, offering services such as mergers and acquisitions, trading, and underwriting. The bank also caters to retail and corporate clients, offering traditional banking services like savings and checking accounts, loans, and mortgages. Deutsche Bank's global presence and extensive network of branches and offices make it a key player in facilitating international trade and finance.

 

#17. Invesco Ltd

Managed AUM: $1.5 trillion

Country: US


Invesco Ltd. is a global investment management company with a history dating back to 1935. Headquartered in Atlanta, Georgia, Invesco is recognised as one of the leading firms in the asset management industry. The company offers a diverse range of investment products and services, including mutual funds, exchange-traded funds (ETFs), separately managed accounts, and other investment solutions.


Invesco caters to a broad spectrum of clients, including individual investors, financial advisors, institutions, and organisations worldwide. The firm is known for its expertise in active and passive investment strategies, encompassing equities, fixed income, and alternative investments. In addition to traditional asset management, Invesco also provides financial and retirement planning services to help individuals and institutions meet their long-term financial goals.

 

#18. Legal & General (LGIM)

Managed AUM: $1.5 trillion

Country: UK


Legal & General Investment Management (LGIM) is the investment management division of Legal & General Group, a prominent British financial services company. LGIM, headquartered in London, is one of the largest asset managers in the United Kingdom and has a significant global presence. It was founded in 1836, and over the years, it has established itself as a leader in the investment industry.


LGIM offers a wide range of investment solutions to both retail and institutional clients, including pension funds, insurance companies, and individual investors. The company's investment expertise spans various asset classes, including equities, fixed income, real assets, and alternative investments.


LGIM is known for its commitment to responsible investing and sustainability. The company has incorporated environmental, social, and governance (ESG) factors into its investment strategies and is a prominent advocate for sustainable finance practices.

 

#19. Bank of America

Managed AUM: $1.5 trillion

Country: US


Bank of America Corporation, commonly referred to as Bank of America, is one of the largest and most prominent financial institutions in the United States. Founded in 1904 and headquartered in Charlotte, North Carolina, the bank has a rich history and has grown to be a key player in the American banking and financial services sector.


Bank of America provides a wide array of financial services to individuals, businesses, and institutions. These services include retail and commercial banking, investment banking, wealth management, mortgage lending, and asset management. The bank operates a vast network of branches and ATMs across the United States, making it easily accessible to customers nationwide.


With a global presence, Bank of America is recognised for its role in the U.S. financial system and its involvement in various sectors of the economy. It is also known for its contributions to philanthropy and corporate social responsibility initiatives.

 

#20. Franklin Resources

Managed AUM: $1.4 trillion

Country: US


Franklin Resources, Inc., commonly known as Franklin Templeton, is a global investment management company with its headquarters in San Mateo, California. Founded in 1947, it is one of the oldest and most respected names in the asset management industry. Franklin Templeton is known for its diverse range of investment products, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts, serving a broad spectrum of investors, from individual clients to institutions.


The company is renowned for its international presence, with a strong focus on global and emerging markets. Franklin Templeton has a history of expertise in fixed-income and equity investments, and it offers a wide variety of investment strategies to meet the needs of different investors. Their commitment to research and analysis has been a cornerstone of their investment approach.

 

#21. Prudential Financial

Managed AUM: $1.4 trillion

Country: US


Prudential Financial, Inc. is a prominent financial services company headquartered in Newark, New Jersey. Founded in 1875, Prudential has a long and storied history in the insurance and financial industry. The company is a diversified global financial services provider, offering a wide range of products and services, including life insurance, annuities, retirement solutions, investment management, and other financial products.


Prudential is well-known for its focus on insurance and retirement-related services, catering to both individual and institutional clients. They offer various life insurance and annuity products designed to help individuals and families plan for their financial futures, as well as retirement and investment solutions.


With a strong presence in the United States and a growing international footprint, Prudential has earned a reputation for its commitment to long-term financial security and risk management.

 

#22. Credit Suisse

Managed AUM: $1.4 trillion

Country: Switzerland


Credit Suisse Group AG is a prominent Swiss multinational financial services company with a rich history dating back to the 19th century. It is headquartered in Zurich, Switzerland, and has a strong global presence. Credit Suisse is known for its comprehensive range of financial services, including wealth management, investment banking, asset management, and retail banking. The company caters to a diverse clientele, which includes high-net-worth individuals, corporations, institutions, and governments.


Credit Suisse has a significant global footprint, with operations in major financial centers worldwide. The bank provides a wide array of services, such as advisory, investment, and lending solutions. It has been involved in investment banking activities, including mergers and acquisitions, capital raising, and trading.

 

#23. T. Rowe Price

Managed AUM: $1.4 trillion

Country: US


T. Rowe Price Group, Inc. is a prominent American asset management company headquartered in Baltimore, Maryland. Established in 1937, the company has a long history of providing investment management services to individual investors, institutions, and retirement plan sponsors. T. Rowe Price is known for its focus on active management, where skilled investment professionals make decisions to build and manage portfolios actively.


The company offers a diverse range of investment products, including mutual funds, separately managed accounts, and retirement savings solutions. T. Rowe Price has a reputation for its client-centered approach, emphasising research, long-term investment strategies, and a commitment to helping clients achieve their financial goals.

 

#24. Northern Trust Corp

Managed AUM: $1.3 trillion

Country: US


Northern Trust Corporation is a prominent financial services company headquartered in Chicago, Illinois. Founded in 1889, it has established itself as a leading provider of wealth management, asset servicing, and asset management solutions for a diverse client base. Northern Trust offers a wide range of financial services, including personal banking, corporate and institutional services, and investment management.


Northern Trust is particularly well-regarded for its commitment to providing customised and high-quality services to its clients, which include individuals, families, corporations, and institutional investors. The company is known for its focus on wealth management, asset custody, and investment expertise. Northern Trust's reputation for trustworthiness and its long history in the financial industry have contributed to its success and the confidence that clients place in its services.

 

#25. BNP Paribas

Managed AUM: $1.3 trillion

Country: France


BNP Paribas is one of the largest and most prominent banking and financial services groups in the world. Headquartered in Paris, France, the company has a long history dating back to its founding in 1848. BNP Paribas is known for its diverse range of financial services, including retail banking, corporate and investment banking, asset management, and insurance.


BNP Paribas operates in numerous countries and regions, serving a broad spectrum of clients, from individual customers to large corporations and institutional investors. The bank is recognised for its international presence and is considered a key player in the global banking industry.


BNP Paribas has a strong commitment to sustainability and responsible banking practices and has been involved in various initiatives related to environmental and social responsibility. Additionally, the bank has a significant presence in various financial markets and plays a vital role in facilitating international trade and investment.


 

IMPORTANT: This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualised advice from a qualified professional.



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