In 2024, the landscape of asset management is dominated by a few colossal firms that manage vast sums of money for investors around the globe. These companies play a crucial role in the financial world, offering a range of investment products and services that help individuals and institutions achieve their financial goals. Here’s a look at the ten largest asset management firms by the value of assets under management (AUM).
1. BlackRock (AUM: $10.74 trillion)
Based in New York City, BlackRock stands as the largest asset manager in the world. It offers a broad array of investment and technology services to institutional and retail clients globally. Its portfolio includes single- and multi-asset investments in equities, fixed income, alternatives, and money market instruments. BlackRock’s extensive reach spans across North America, South America, Europe, the Middle East, Asia-Pacific, and Africa.
2. Vanguard Group (AUM: $8.7 trillion)
Vanguard Group, headquartered in Malvern, Pennsylvania, is renowned for its comprehensive investment management services. It provides a wide range of investment products including exchange-traded funds (ETFs), mutual funds, and retirement solutions. Vanguard’s services cater to both institutional and personal investors, with a notable emphasis on index mutual funds and collective trusts.
3. Fidelity Management & Research (AUM: $3.88 trillion)
Fidelity Investments, located in Boston, Massachusetts, offers extensive investment management solutions. Its services include portfolio management, trading, retirement solutions, and wealth management planning. Fidelity serves individual investors, advisors, institutional clients, and employers across North America, Europe, and Asia-Pacific.
4. The Capital Group Companies, Inc (AUM: $2.5 trillion)
The Capital Group, based in Los Angeles, California, is known for its long-term investment focus and comprehensive research. It offers mutual funds and separately managed accounts to a diverse clientele, including individual and institutional investors. The firm operates through a network of offices across the Americas, Asia, and Europe.
5. Amundi (AUM: $2.25 trillion)
Amundi SA, a subsidiary of Credit Agricole SA, is headquartered in Paris, France. It provides a wide range of investment solutions including active and passive management, alternative assets, and structured solutions. Amundi serves institutional and corporate clients, as well as insurers, pension funds, and sovereign entities across Europe, the Middle East, Asia, and the Americas.
6. Pacific Investment Management Company LLC (AUM: $1.74 trillion)
PIMCO, based in Newport Beach, California, is a leader in fixed-income investment management. It specializes in public and private debt markets, offering investment opportunities across a range of fixed-income securities. PIMCO’s clients include institutional investors, high-net-worth individuals, and individual investors.
7. Franklin Resources Inc (AUM: $1.6 trillion)
Franklin Templeton Investments, operating under Franklin Resources Inc and headquartered in San Mateo, California, provides a variety of investment solutions such as equity, fixed income, and alternative products. It serves a broad range of clients through a network of offices and online platforms globally.
8. Invesco (AUM: $1.59 trillion)
Invesco Ltd., headquartered in Atlanta, Georgia, offers a diverse range of investment services including active, passive, and alternative strategies. The firm provides investment solutions through mutual funds, ETFs, and institutional separate accounts, with operations in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
9. T. Rowe Price Group Inc (AUM: $1.44 trillion)
T. Rowe Price, based in Baltimore, Maryland, is known for its investment management and advisory services. It offers a broad array of mutual funds, retirement solutions, and investment strategies. T. Rowe Price operates across the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
10. SEI Investments (AUM: $1.4 trillion)
SEI Investments, headquartered in Oaks, Pennsylvania, provides enterprise platform solutions including business process outsourcing and data management. It offers end-to-end platforms for wealth and investment management, serving financial advisors, wealth managers, institutional investors, and high-net-worth individuals globally.
These asset management giants are instrumental in shaping the financial industry by providing critical investment services and managing substantial capital. Their expansive operations and diverse offerings underscore their significant impact on global financial markets.