10 Largest Asset Management Companies in the World

Asset management companies specialize in assessing the value of an individual or group’s assets, as well as handling those assets in the most financially beneficial ways. These companies also often provide financial advice, and directly manage assets on behalf of those who enlist their services.

Since asset management companies can take on massive corporate clients alongside serving private customers, some can grow to accumulate staggering amounts of value. Today we’ll be looking at 10 of the largest asset management companies in the world and ranking them according to their Assets Under Management, as well as learning some interesting facts about each one.

10. Amundi

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Formed by the merging of the asset management subsidiaries of Crédit Agricole and Société Générale, Amundi now offers its services to clients all around the world. Alongside Amundi Asset Management, the Amundi Group also owns other notable subsidiaries such as CPR Asset Management and BFT Investment Managers. Amundi places high importance on the idea of responsible investment strategies and long-term perspective on asset management plans.

Did You Know?

In 2016, Amundi bought out Pioneer Investments in its entirety from UniCredit.

9. The Bank of New York Mellon Corporation (BNY Mellon)

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BNY Mellon is a massive custodian bank that traces its roots back through the Bank of New York, making it one of the oldest banks in the United States that still stands. This company primarily offers wealth management, investment management, and investment services. BNY Mellon also has a reputation for being highly dependable and has pulled in unusually consistent earnings for years.

Did You Know?

BNY Mellon has earned the title of one of the 50 safest banks in the world by Global Finance.

8. Allianz

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This German multinational financial services company focuses on insurance alongside asset management and has become an Olympic insurance partner. It was also recognized in 2018 as the 6th most valuable brand in all of Germany. Allianz how employs around 142,000 people and fosters a dynamic work environment that encourages people to adapt to social change and make the most of trends.

Did You Know?

Allianz was founded by Carl von Thieme, who was the director of the Munich Reinsurance Company at the time.

7. Fidelity Investments

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Fidelity Investments has made a name for itself by offering some of the widest selections of mutual funds in the industry. They’ve furthered their reputation throughout the years by pioneering certain services such as hourly updates on mutual fund values and same-day fund share trading. Alongside its American institutions, Fidelity also has investment research professionals based in other countries.

Did You Know?

After suffering a few crashes in 2018, Fidelity has made changes to its infrastructure in hopes of coming back even stronger than before.

6. State Street Global Advisors

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State Street Global Advisors operates as a “specialized bank” through two areas of business: Investment Servicing and Investment Management. In 2017, State Street Global Advisors installed the “Fearless Girl” statue on Wall Street in order to symbolize its support of women who hold positions on financial boards. Less than a year later, the company paid $5 million in settlement money as a result of gender-based pay discrimination.

Did You Know?

Since 2018, State Street Global Advisors has paid more attention to the effects of climate change.

5. JPMorgan Chase

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JPMorgan Chase is a multinational investment bank as well as a financial services company and is one of America’s “Big Four” banks. The asset management division primarily uses the J.P. Morgan brand and has made a larger push towards digital banking, despite CEO Jamie Dimon having called cryptocurrency a “fraud”.

Did You Know?

In July of 2019, US Customs seized a boat financed by JPMorgan Chase and found it to contain a staggering amount of illegal drugs that added up to nearly 18 tons!

4. Goldman Sachs

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Goldman Sachs Asset Management is known for its innovative approaches to asset management that have helped it recover from a previously unsteady reputation. These approaches include concerted efforts to maximize profits in the face of inflation and advanced data collection and analysis. Goldman Sachs has also employed several notable people who moved on to hold government positions.

Did You Know?

Goldman Sachs recently acquired the boutique firm United Capital as its largest acquisition in nearly two decades.

3. Charles Schwab Corporation

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The Charles Schwab Corporation traces its origins back to the First Commander Corporation, which Schwab used to publish his already-popular Investment Indicator investment newsletter. He later set up a stock brokerage and opened his first branch in Sacramento, continuing to expand his company’s reach until it offered the wide variety of services that are available today.

Did You Know?

In addition to its offices in the United States, the Charles Schwab Corporation also maintains offices in Puerto Rico and the United Kingdom.

2. The Vanguard Group

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The Vanguard Group is actually structured as a mutual company, meaning that it’s technically owned entirely by its shareholders. This company boasts over 20 million investors throughout approximately 170 different countries around the world. Vanguard has also seen an impressive amount of cash flow during recent years, thanks to stocks in gigantic companies such as Apple and Amazon.

Did You Know?

The founder of Vanguard, John C. Bogle, is known for creating the first index fund to be made available to individual investors.

1. BlackRock

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BlackRock is the largest asset management company in the world by assets under management. Founded with the skillsets of eight Wall Street experts, BlackRock steadily climbed in popularity by building trust with its clients. BlackRock’s reach is absolutely jaw-dropping, with this massive company owning a stake in nearly every listed company in the world.

Did You Know?

In the interest of demonstrating and encouraging more widespread transparency in the risk management industry, BlackRock began selling its Aladdin platform in 1999.