The top 10 asset management companies / Firms have assets under management (AUM) by them, which has an approximate worth of $35.58 Trillion. This number is bigger than any country’s GDP in the world. The number one country in the GDP’s list is the USA, which has an approximate GDP of $29 Trillion. These top AUM companies have the most assets under their management worldwide.
Understanding of Asset Management Companies
Asset Management Companies which are also known as “AMCs” are organizations that manage investment with an aim of generating returns for investors. These companies provide a range of financial products like mutual funds plans. The main purpose of an AMC is to help investors to gain their financial objectives. In these asset management companies investors can invest in Mutual Fund (MF) scheme units which are managed by experienced investment teams employed by the AMC. Some investors use the AMC’s personalized website or other approved channels to buy mutual fund schemes directly while the others use the services of certified financial consultants.
Largest asset management companies in the world in 2024
Let’s take a look at the top 10 largest asset management companies in the world in 2024 according to the value of assets under management (AUM), reported by Statisa.
BlackRock (AUM Value: $10.47 Trillion)
In the largest asset management companies list, New York City-based BlackRock comes at the top of the list with a whopping $10.47 Trillion AUM. It is a publicly traded investment management firm known worldwide. This company’s primary activities include providing a broad range of investment management and technological service to their institutional and retail clients worldwide. BlackRock’s product offers encompass single and multiple asset portfolios investing in fixed income, equities, alternatives and money market instruments.
BlackRock serves a diverse mix of retail and institutional clients which includes official institutions, tax-exempt institutions, taxable institutions and retail intermediaries. The Company operates in North and South America, Europe, The Middle East, Asia-Pacific and Africa. BlackRock’s headquarter is based in New York City.
Vanguard Group (AUM Value: $8.7 Trillion)
The Vanguard Group Inc which is popularly known as Vanguard is a company which provides investment management services. This service offers a comprehensive range of products for investment and solutions. This company has a portfolio for offering exchange-traded funds, mutual funds, annuities, stocks bonds, certificates of deposits, retirement income, real-estate planning, account services, personal services and guidance advice to personal investors. This company also offers flagship and voyager services, advice and financial planning and education saving options.
Vanguard operated through their branch offices and online portals which are situated in the regions of America, Europe and Asia-Pacific.Vanguard’s headquarter is situated in Malvern, Pennsylvania, USA.
Fidelity Management & Research ( AUM Value: $3.88 Trillion)
Fidelity Investments company FMR LLC is an investment management provider. It offers many
Types of solutions such as account and trade, planning and advice and varied investment products. Thier Account and trade solutions include portfolio management, trading and cash management services. Planning and advice solutions include wealth management planning, retirement solutions and advisory. Fidelity and Under Investments offers stocks, mutual funds, certificate of deposits, bonds, annuities, credit cards and exchange-traded funds. FMR LLC serves individual investors, advisors,institutional clients and employers of North America, Europe, And Asia-Pacific. The company’s headquarter is based in Boston, Massachusetts, USA.
The Capital Group Companies,Inc (AUM Value: $2.5 Trillion)
The Capital Group Companies, Inc which is known as Capital Group is a global investment management organization that primarily focuses on helping their investors achieve their financial goals. Capital Group’s main activities are involved with managing money, conducting research and maintaining a long-term relationship with their clients. The company offers a wide range of products and services including mutual funds and separately managed accounts, all grounded in fundamental research. Capital group serves a diverse amount of clients which includes individual investors and institutions.
The company operates through a network of offices situated in America, Europe and Asia. Capital Group’s headquarter is in Los Angeles, California, USA.
Amundi (AUM Value: $2.25 Trillion)
Amundi SA (Amundi) is a subsidiary of Credit Agricole SA, which provides investments and asset management services. They offer investment solutions including active and passive management, alternative assets, technology and structured solution services. Amundi provides active management of share, bonds, yields indexed funds and non-liquid assets such as property assets and private debts. The company offers their service to various types of clients such as corporate and institutional clients, insurers, pension funds and sovereign entities.
Amundi operates differently from the other companies they operate through a network of distribution which includes retail banks, private banks, insurers, asset managers and online banks. They serve customers across Europe, Asia, Middle East and America. Amundi’s headquarter is based in Paris, Ile-de-France, France.
Pacific Investment Management Company LLC (AUM Value: $1.74 Trillion)
The Pacific Investment Management Company (PIMCO) is a global leader in active fixed income with deep expertise across the public and private markets around the world. PIMCO’s extensive resources, global presence and time-tested investment process are designed to help give its client an edge as they pursue their long-term goals. The company invests their clients capital across a range of fixed income and credit opportunities which draw upon their decades of experience in navigating complex debt markets. They are specialized in fixed-income securities.
PIMCO serves high-net worth individuals, institutional investors, and individual investors with its account services and mutual funds. The company’s headquarter is situated in Newport Beach, California, U.S.
Franklin Resources Inc (AUM Value: $1.6 Trillion)
Franklin Resources is a financial holding company that operates as Franklin Templeton Investments and together with their subsidiaries. The company offers a wide comprise range of investments solutions to their clients such as equity, fixed income, hybrid, alternative investments products and mutual funds. The company also provides services related to fund administration and management, shareholder servicing, trustee and custody services and other fiduciary services. The company operates through their branch offices, wealth managers and online portals.
They provide their services to high-net worth individuals and institutional and retail clients. The company has its presence in Europe, Middle East, Asia-Pacific, Africa and America. Franklin Resources Headquarter is based in San Mateo, California, USA.a
Invesco (AUM Value: $1.59 Trillion)
Invesco Ltd is known as Invesco. It is an independent investment management firm which operates globally. Invesco’s primary activities are: providing a range of active/passive and alternative investment capabilities to help their clients achieve their investment goals. The company offers a wide array of investment services which includes single-country, regional. And global capabilities across equity, fixed income and alternative asset classes. Invesco’s services are delivered in many forms such as institutional separate accounts, collective trusts, mutual funds and exchange-traded funds (ETFs). The company has offices in many places such as Europe, Middle East, Africa, Asia Pacific and America. Invesco’s Headquarter is in Atlanta, Georgia, USA.
T. Rowe Price Group Inc (AUM Value: $1.44 Trillion)
T. Rowe Price Group Inc (T.Rowe) is a company who is in finance and provides investment management and advisory services to their investors and clients. The company offers a wide range of investment products such as mutual funds, retirement solutions, sub-advised funds, collective investment trusts, separately managed accounts and other sponsored products. The Frim also offers open-ended investment products, collective investment trusts and target date retirement products. The company also provides asset management, planning and advisory, investment strategies, brokerage, trust and recordkeeping and transfer agent service. They work through a network of offices situated in the Americas, Middle East, Europe, And Asia-Pacific. Their Headquarter is in Baltimore, Maryland, USA.
SEI Investments (AUM Value: $1.4 Trillion)
SEI Investment Co (SEI) is a business solution company. SEI primarily focuses on providing enterprise platform solutions to address complex business challenges. They mainly offer data management, business process outsourcing and cyber protection services. These services are designed to improve operational efficiency and performance of a business. They also offer wealth and investment management, which include processing, information analytics, fund administration and cybersecurity service. They serve a diverse amount of clients which include wealth and asset managers, financial advisors, banks, institutional investors, broker-dealer advisors and high-net worth individuals and families.
They operate their business globally with an office network based in Canada, US, Ireland, India, Luxembourg, South Africa and the UK. SEI’s Headquarter is in Oaks, Pennsylvania, USA.
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