Here is a list of the top 50 largest asset managers in the world ranked by total assets under management. Based in New York City, BlackRock Inc (NYSE: BLK) is the world's largest asset manager with $6.5 trillion in total AUM as of April 2019. The firm serves individual investors, companies, governments, and foundations through over 70 offices worldwide including North and South America, Europe, the Middle East, Africa and Asia. BlackRock is independent publicly traded company with a market capitalization of US$68 billion (May 20, 2019). Located in Malvern, Pennsylvania, Vanguard Group is the second largest money manager in the world with 5.2 trillion in global AUM. The company is a privately owned investment manager with 20 locations worldwide and 17,000 employees. It offers a wide range of low-cost mutual funds, ETFs, advice, and other services. Vanguard is also the second-largest provider of exchange-traded funds and the largest provider of mutual funds globally. Four of the top 5 world's largest asset managers are U.S. investment companies.
|Rank||Company||Country||Total AUM (US$b, 01/30/2019)|
|3||UBS Group *||Switzerland||3,306|
|4||State Street Global Advisors||US||2,511|
|7||J.P. Morgan Asset Management||US||2,077|
|8||Bank of New York Mellon||US||1,700|
|15||Legal & General Invest. Management||UK||1,379|
|16||Goldman Sachs Group||US||1,375|
|19||Bank of America||US||1,100|
|20||Wellington Management Company||US||1,050|
|21||T. Rowe Price||US||1,040|
|22||Natixis Investment Managers **||France||1,008|
|29||Deutsche AM *****||Germany||875.9|
|31||Affiliated Managers Group||US||831.0|
|32||Standard Life Aberdeen||UK||807.8|
|35||Sun Life Financial||Canada||759.4|
Amundi is a division of Credit Agricole.
PIMCO is an autonomous subsidiary of Allianz Group.
* Including CHF 2,302 billion in Global Wealth Management and CHF 792 billion in Asset Management.
** It was formerly known as Natixis Global Asset Management.
*** Based on AUM across Nuveen, TIAA-CREF Trust, Kaspick and Covariance.
**** Nuveen is the global asset management arm of TIAA.
***** Deutsche Asset Management is a division of Deutsche Bank.