The 10 asset management companies in the world which your company can work with in terms of financial planning will be highlighted to buoy your interest in building economic stability for yourself and your organization.
An asset management company invests pooled funds for clients. Although hedge funds are perhaps the most famous type of asset management company, there are many different types of asset managers including those that manage mutual funds, ETFs and index funds.
10 Asset Management Companies in the World
In this article, we will be sharing the 10 asset management companies in the world that are doing immensely great right now. These are some of the companies or business organizations that stand to assist the financial planning of your international enterprise . They also tend to help maintain your tax payment and overall revenue.
AUM: $9.464 trillion
BlackRock is not just the world’s largest asset manager, but one of the world’s largest financial institutions. The company was founded in 1988 and went public in 1999. The firm has been influential in advancing the growth of exchange-traded funds (ETFs) through its iShares products. iShares comprised more than a quarter of BlackRock’s assets under management in 2021.
2. The Vanguard Group
AUM: $8.4 trillion
Vanguard is known for its strategy of passive investing. This means that money is placed in mutual funds designed to mirror the activity of a specific index or the broader stock market. Vanguard boasts of low expense ratios for most of its funds.4 Along with asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.
AUM: $4.23 trillion
Fidelity is an asset manager and a discount broker with more than 30 million customers as of 2021 third quarter.6 It offers an online platform for individual investors to buy and sell securities. Fidelity also manages entire portfolios on behalf of clients. In the summer of 2018, it made headlines when it began offering mutual funds with a zero expense ratio and minimum investment requirement.
4. State Street Global Advisors
AUM: $3.86 trillion
Boston-based State Street is a subsidiary of State Street Corporation. It manages investments for a wide range of institutional clients, including non-profits, local governments, associations, and even educational groups.
5. Morgan Stanley
AUM: $3.274 trillion
Partners and staffers from the J.P. Morgan and Drexel companies formed Morgan Stanley on Wall Street in 1935.9 When it acquired the investment platform E*TRADE in late 2020, Morgan Stanley had about 68,000 employees in 39 countries.
AUM: $2.14 trillion
Amundi is a leading European asset manger with assets under management of 1.76 trillion euros or $2.14 trillion in 2021. As an investment manager, Amundi has been a leader in responsible investment with a dedication to environmental, societal and governance investing. With AUM of $2.14 trillion, Amundi also ranks as among the 15 Biggest Asset Management Companies in the World.
7. Wellington Management Company
AUM: $1.4 trillion
Wellington Management Company is one of the leading independent asset managers in the world. Founded in 1928, the company has expanded to main international and Asian financial centers and provides its clients with both local knowledge and global expertise. As of December 2021, Wellington Management Company had AUM of $1.4 trillion.
8. T. Rowe Price Group, Inc.
AUM: $1.69 trillion
T. Rowe Price Group, Inc. (NASDAQ:TROW) is a global investment firm that provides a broad array of mutual funds, subadvisory services, and separate account management for individuals and institutional investors. As of December 31, 2021, T. Rowe Price Group, Inc. (NASDAQ:TROW) had an AUM of $1.69 trillion, which ranks it 6th on our list of 15 Biggest Asset Management Companies in the World.
9. Franklin Resources, Inc.
AUM: $1.5 trillion
Franklin Resources, Inc. (NYSE:BEN) is a global investment organization with subsidiaries operating as Franklin Templeton. The company has approximately 1,300 investment professionals and serves clients in more than 155 countries. The company offers extensive capabilities in fixed income, equities as well as alternatives and multi-assets solutions. Due to its acquisition of Legg Mason, the company had assets under management of $1.5 trillion in 2020.
AUM: $1.02 trillion
DWS is one of the world’s leading asset managers with more than 60 years of experience. DWS has around 3,600 employees around the world and offers individuals and institutions access to their strong investment capabilities across all major liquid and illiquid asset classes. In 2021, the company had assets under management of $1.02 trillion, ranking it as one of the world’s largest investment managers by AUM.
Other Asset Management Companies are:
- Geode Capital Management (AUM: $1 trillion)
Geode Capital Management is a systematic asset manager that provides core beta exposures across a range of equity and niche asset classes. As of December 31, 2021, Geode Capital Management had assets under management of around $1 trillion, ranking it 11th on our list of 15 Biggest Asset Management Companies in the World. Compared to other firms, Geode Capital Management is relatively new given it was founded in 2001. The company is a private firm but also with broad employee ownership.
- Affiliated Managers Group, Inc. (AUM: $777 billion)
Affiliated Managers Group, Inc. (NYSE:AMG) is a leading partner to independent active investment management firms around the world. Affiliated Managers Group, Inc. (NYSE:AMG)’s affiliates offer more than 500 investment products across a variety of strategies to institutional and retail clients around the world. In terms of its fundamentals, institutional clients accounted for 51% of the company’s EBITDA, high net worth clients contributed 14%, and retail contributed 35%. As of March 31, 2022, the company’s AUM was approximately $777 billion.
- Schroders plc (AUM: $939.2 billion)
Schroders plc is one of Europe’s largest investment management firms with employees of more than 5,800 people across 38 locations. As one of the UK’s leading asset managers, Schroders plc offers innovative products and solutions to clients including insurance companies, sovereign wealth funds, and foundations. With assets under management of £773.4 billion or $939.2 billion as of 30 June 2022, Schroders plc is also 12th on our list of 15 Biggest Asset Management Companies in the World.
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