Making money is a big deal to everyone in the world and the surest way to do so is either to start a business or invest the money you already have so that it begins to work for you and make you even earn more money. When you finally start raking in the bundles, you feel happy but then it is an even bigger issue managing your investment properly so that it doesn’t get drained on wasteful spending or in some really bad investment because no one wants to taste real money and return to the trenches afterwards eh? This is the reason Investment Management companies or firms exist and trust me, they are damn good at what they do. They have to be right? After all, it’s why they exist and what they are paid for. These investment management companies have sophisticated client base from big music stars, sports stars, actors to crazy inventors, entrepreneurs, business owners, companies, conglomerates and even governments! Yes, you read that right, Governments! and they offer a wide range of services to their clients such as advising, managing and probably even having total control of their investment plans and activities all in a bid to keep them in the big boy’s circle. You know what I mean. You’re probably wondering by now, which companies are the biggest or the best in this game and you are definitely about to find out. Without much ado, here are the top 20 investment management companies in the world.
- BlackRock Inc.: Founded in 1988 is a risk management and fixed income asset manager based in New York City. BlackRock easily earns its place as the leading financial management firm in the world, boasting an Asset Under Management (AUM) portfolio of about $9.5 trillion as of March 2022. Visit blackrock.com/ for more about their mine blowing portfolio and services.
- Vanguard Asset Management Group: Founded in 1975 and headquartered in Pennsylvania, USA, Vanguard is the second largest asset management firm in the world with about $8.1 trillion worth of AUM. They are the biggest competitor to BlackRock but definitely the largest supplier of mutual funds and the second largest provider or Exchange-Traded Funds otherwise known as ETF’s. Kindly visit vanguard.com to see more about them.
- Fidelity Investment Group: The Fidelity Investment Inc. is a private multinational financial management firm based in Massachusetts, USA. Founded since 1946, it has been passes down for 3 generations and is easily one of the biggest asset managers in the world with an AUM portfolio of about $4.5 trillion. Do visit their website fidelity.com for more about their services.
- State Street Global Advisors: This is the asset management division of the State Street Corporation – A financial services company and the 2nd oldest continually operating bank in the world. Started in 2019, the SSGA holds place as the 4th largest Investment Management firm in the world with AUM as huge as $4.1 trillion. Their website is open to find out more about them – statestreet.com/
- JPMorgan Chase: You’re probably not new to the name J P Morgan! - Renowned banker and industrialist. JP Morgan Chase is one of the oldest global banks & with over 200 years of existence, they are one of the biggest asset managers globally with an AUM portfolio of about $3.7 trillion and the largest market capitalization for any bank in the world. Get to know them better through their website – jpmorganchase.com
- Allianz SE: Founded in 1890, Allianz Group is a financial management multinational from Germany, with it’s core business areas in Insurance and Asset Management. Easily one of the biggest financial managers in Europe, it boast's an AUM of about $3.07 trillion and doesn’t seem to be slowing, acquiring the general insurance arm of Legal & General as well as PIMCO. Visit their website from here – allianz.com/ Don’t worry, you don’t need to know how to speak German to navigate.
- Capital Group: Established over 90 years ago with an investment management structure seemingly different but unique from the normal, Capital Group has grown to become one of the oldest financial management organisations in America and has an AUM of about $2.7 trillion. Fun fact, among their member of staff is the husband of former British Prime Minister, Theresa May. More can be found about them on capitalgroup.com
- Goldman Sachs: This name needs no introduction here and I’m pretty sure you would have expected it to appear sooner as it is a household name. Goldman Sachs is a leading Investment Bank, headquartered in New York and although they may not be at the top of the list, they manage about $2.5 trillion worth of asset. See more about Goldman Sachs on goldmansachs.com
- Bank of New York Mellon: You probably don’t know these guys but they’re no pushover. Birthed from a merger between Bank of New York and Mellon Financial Corporation in 2007, it is the world’s largest custodian bank and securities services company with at least $2.3 trillion worth of asset under it’s management. Find out more about BNY Mellon on bnymellon.com
- Amundi: Amundi is an asset Management Company from France & established in 2010. With less than 15 years in the game, they have grown to become a force in the industry. With over $2.2 trillion worth of AUM, they are easily one of the biggest Investment/asset management companies in Europe. Amundi’s website opens you up to more about their operations and services. See about.amundi.com
- PIMCO: Pacific Investment Management Co., otherwise known for short as PIMCO was established I’m California in 1971. While they were acquired by Allianz (Our big boys in the number 6 slot) in year 2000, they have continued to operate as an autonomous subsidiary of Allianz and currently have AUM totally over $2.0 trillion. Visit their website to find out more about them –pimco.com/en-us/
- Legal & General Investment Management (LGIM): LGIM is the investment arm of Legal and Genaral, a UK multinational established in 1836, making it one of the oldest financial institutions in the UK. Its products and services include investment management, lifetime mortgages, pensions, annuities, and life assurance. LGIM has an AUM of $1.8 trillion. – To know more about their operations, visit lgim.com
- Edward Jones Investment: Founded in 1922, Edward Jones is a financial services firm headquartered in Missouri, USA with over 17,000 financial advisors on standby. The firm focuses solely on individual investors and small-business owners, offering a personal approach to investment which makes it stand out as a firm helping to bridge financial gaps, and although it is not publicly traded but owned by present and past employees, Edward Jones manages assets worth well over $1.7 trillion dollars. Impressive eh? Check them out via https: edwardjones.com/us-en
- Prudential Financial: Prudential Financial is a fortune 500 company with primary business area in Insurance and Financial solutions. Having over 3000 professionals working, they have their work rolling and have an AUM value of $1.6 trillion as of March, 2022. See their website to know more about them - prudential.com
- Northern Trust Corporation: Northern Trust Corp. is a leading name in financial services offering asset servicing, management as well as banking services to clients globally. Established in 1889 and incorporated in Delaware, USA, the Northern Trust Group holds asset under management of over $1.5 trillion as of March 2022. Their website provides better information about them northerntrust.com/
- Deutsche Bank AG: Deutsche Bank is a German multinational financial solutions provider and asset manager established as far back as 1870. With operation in major financial cities across 58 countries, the Deutsche Bank is Germany’s largest banking institution and holds over $1.42 trillion in AUM. Don’t get scared, their website is in English so visit them to know more - db.com
- T. Rowe Price: Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $1.42 trillion in assets under management as of April 30, 2022. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. They are tied in 16th place with the Deutsche Bank. See more about them on the website troweprice.com/
- Morgan Stanley: Established by the grandson of the all too popular JP Morgan, Morgan Stanley has grown to become a force to be reckoned with in the investment and Asset Management sphere. Although, having nothing to do with JP Morgan Chase, Morgan Stanley has made a name for itself and currently holds over $1.4 trillion as asset under management. Like grandfather, like grandson, I guess. Get closer to them through their website – morganstanley.com
- Invesco Limited.: Invesco Ltd. Is an American independent investment management company headquartered in Atlanta, Georgia. With an outlook to expand, the company has bought investment arms of some competition over the years and also changed its name numerous times. It has an estimated AUM of about $1.14 trillion. You can figure out more about them through their website on invesco.com/
- UBS Group: Established on 29 June 1998 through the merger of Union Bank of Switzerland and Swiss Bank Corporation, the UBS Group is the largest private bank in the world and highly renowned for confidentiality. The UBS Group is a leading bank and major player in asset management with AUM running well over $1.12 trillion. Leatm more about this elegant Suisse giant on ubs.com
- Bank of America: Last but definitely not least is the BoA. Following numerous acquisitions and mergers, BoA has become a household name and is the 2nd largest banking institution in the USA only behind JPMorgan Chase. With diversification of portfolio, the bank has operations in card issuance & management, Investment and asset management alongside regular banking operations to mention a few. They currently hold about $1.08 trillion in AUM. See more on bankofamerica.com
There you have it! The top 20 financial/asset management companies in the world with a worthy +1. Although, the value of asset they manage may fluctuate from time to time due to owner’s actions and market forces, but these guys know how to play the game when it comes to asset and finance management while constantly trying to outperform one another and improve as they move. To get more information about major Investment/asset management firms and corporations around the world, visit advratings.com/top-asset-management-firms
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