What Research Says About Largest Asset Management Firms
In this article, we will introduce you to the top largest asset management firms in the world, based on their assets under management (AUM). These companies are responsible for managing trillions of dollars in assets for individuals, institutions, and governments around the world. We’ll provide detailed information about their business models, investment strategies, and the types of clients they serve.
15 Best Largest Asset Management Firms
1. BlackRock Inc.
BlackRock Inc. is the largest asset management firms in the world with over $8.7 trillion in AUM. It was established in 1988 and is headquartered in New York City. Furthermore, BlackRock serves clients in more than 100 countries, including pension funds, endowments, foundations, and sovereign wealth funds. BlackRock is known for its professionalism in index fund management and has become a leading player in the exchange-traded fund (ETF) market.
2. Vanguard Group Inc.
The Vanguard Group Inc. is the second-largest asset management firms in the world with over $7.2 trillion in AUM. The company was founded in 1975 by John C. Bogle and is headquartered in Malvern, Pennsylvania. Vanguard is known for its low-cost index funds and is a popular choice among retail investors. Accordingly, the company operates as a mutual company, meaning it is owned by its funds and therefore its shareholders.
3. UBS Group AG
UBS Group AG is a Swiss multinational investment bank and financial services company headquartered in Zurich, Switzerland. Basically, the company manages over $3.6 trillion in AUM and serves clients in more than 50 countries. UBS is known for its wealth management division, which serves high-net-worth individuals and families around the world.
4. State Street Global Advisors
State Street Global Advisors is a Boston-based investment management firm with over $3.6 trillion in AUM. The company is known for its expertise in institutional investing and is one of the largest providers of ETFs in the world. Moreover, State Street serves clients in more than 100 countries, including pension funds, endowments, and central banks.
5. Fidelity Investments
Fidelity Investments is a Boston-based financial services company with over $3.3 trillion in AUM. The company was founded in 1946 by Edward C. Johnson II and is known for its active fund management and retirement services. Fidelity serves a wide range of clients, including individual investors, financial advisors, and institutional clients.
6. J.P. Morgan Asset Management
J.P. Morgan Asset Management is a New York-based investment management company with over $2.8 trillion in AUM. Particularly, the company serves clients in more than 100 countries and is known for its proficiency in fixed-income and alternative investments. J.P. Morgan Asset Management serves a wide range of clients, including institutions, high-net-worth individuals, and retail investors.
7. Allianz Global Investors
Allianz Global Investors is a Munich-based investment management company with over $2.5 trillion in AUM. In addition, the company serves clients in more than 70 countries and is known for its competence in active fund management. Allianz Global Investors serves a wide range of clients, including institutions, retail investors, and high-net-worth individuals.
8. Amundi Asset Management
Amundi Asset Management is a Paris-based investment management company with over $2.4 trillion in AUM. The company was formed in 2010 through the merger of Crédit Agricole Asset Management and Société Générale Asset Management. Amundi is known for its expertise in passive fund management and is one of the largest providers of ETFs in Europe.
9. Invesco Ltd.
Invesco Ltd. is an Atlanta-based investment management company with over $1.5 trillion in AUM. Thus, the company serves clients in more than 25 countries and is known for its prowess in active fund management.
Invesco serves a wide range of clients, including institutions, financial advisors, and retail investors. The company has a global presence and is known for its expertise in equity and fixed-income investing.
10. Schroders plc
Schroders plc is a London-based investment management company with over $1.5 trillion in AUM. That is to say, the company serves clients in more than 35 countries and is known for its aptitude in multi-asset investing. Schroders serves a wide range of clients, including institutions, financial advisors, and high-net-worth individuals.
11. Capital Group Companies Inc.
Capital Group Companies Inc. is a Los Angeles-based investment management company with over $1.9 trillion in AUM. The company is known for its finesse in active fund management and serves a wide range of clients, including institutions, financial advisors, and individual investors. Above all, Capital Group is also the parent company of American Funds, one of the largest mutual fund families in the United States.
12. PIMCO
PIMCO is a Newport Beach-based investment management company with over $1.9 trillion in AUM. The company is known for its knack for fixed-income investing and is one of the largest providers of bond funds in the world. PIMCO serves a wide range of clients, including institutions, financial advisors, and individual investors.
13. AXA Investment Managers
AXA Investment Managers is a Puteaux, France-based investment management firm with over $1.2 trillion in AUM. Additionally, the company serves clients in more than 60 countries and is known for its expertise in active fund management. AXA Investment Managers serve a wide range of clients, including institutions, financial advisors, and individual investors.
14. Northern Trust Corporation
Northern Trust Corporation is a Chicago-based financial services company with over $1.1 trillion in AUM. The company is known for its know-how in wealth management and serves a wide range of clients, including institutions, high-net-worth individuals, and family offices.
15. Wellington Management Company LLP
Wellington Management Company LLP is a Boston-based investment management company with over $1.1 trillion in AUM. The company is known for its mastery of equity and fixed-income investing and serves a wide range of clients, including institutions, financial advisors, and individual investors.
Conclusion
Shortly, these are the top largest asset management firms in the world based on their AUM. These companies have established themselves as leaders in the industry and have a track record of delivering strong investment results for their clients. Regardless, while their investment strategies and business models may vary, they all share a commitment to providing their clients with excellent service and investment solutions. As you consider your investment options, it’s important to conduct your due diligence and choose a company that aligns with your investment goals and risk tolerance.
