Here is a list of the top 50 largest asset management firms ranked by global AUM. BlackRock, headquartered in New York City, is the world's largest asset manager with over $7 trillion in AUM as of December 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$82 billion at January 15, 2020. Located in Malvern, Pennsylvania, Vanguard Group is the second largest investment management firm with 5.6 trillion in total AUM. The company is a privately owned investment manager with 20 locations worldwide and 17,000 employees. It offers a wide range of low-cost mutual funds, ETFs, advice, and other services. Vanguard is also the second-largest provider of exchange-traded funds and the largest provider of mutual funds globally. Four of the top 5 asset management firms are U.S. investment companies.
|Rank||Company||Country||Total AUM, US$b||Balance sheet|
|3||UBS Group *||Switzerland||3,256||03/31/2019|
|4||State Street Global Advisors||US||2,805||03/31/2019|
|6||Allianz Group **||Germany||2,357||03/31/2019|
|9||Bank of New York Mellon||US||1,841||03/31/2019|
|18||Legal & General Invest. Management||UK||1,322||03/31/2019|
|21||Bank of America||US||1,126||03/31/2019|
|22||T. Rowe Price||US||1,082||03/31/2019|
|24||Wellington Management Company||US||1,010||03/31/2019|
|27||Natixis Investment Managers ^^||France||959.0||03/31/2019|
|32||Sumitomo Mitsui Trust (SuMi Trust)||Japan||845.9||03/31/2019|
|34||Affiliated Managers Group (AMG)||US||778.0||03/31/2019|
|36||Sun Life Financial||Canada||757.1||12/31/2018|
|38||Mitsubishi UFJ Financial Group (MUFG)||Japan||739.5||12/31/2018|
|39||Franklin Resources ^^^||US||720.5||04/30/2019|
|43||Nippon Life Insurance||Japan||701.4||12/31/2017|
|44||Standard Life Aberdeen||UK||676.4||03/31/2019|
|45||Principal Financial Group||US||675.4||03/31/2019|
|49||Dimensional Fund Advisors||US||576.0||03/31/2019|
|50||New York Life Insurance Company||US||577.0||06/30/2019|
|53||Royal Bank of Canada||Canada||549.0||04/30/2019|
|56||MUFG Assets Under Management||Japan||535.0||03/31/2019|
|57||Asset Management One (AM-One) ^^^^||Japan||515.0||03/31/2019|
|59||MFS Investment Management||US||485.5||04/30/2019|
|61||Nomura Asset Management (NAM)||Japan||463.5||03/31/2019|
|62||Geode Capital Management||US||464.0||03/31/2019|
|63||Citi Private Bank||US||460.0||01/31/2019|
|64||Columbia Threadneedle Inv ^^^^^||UK/US||459.0||03/31/2019|
|65||Eaton Vance Corp||US||457.6||03/31/2019|
* The Total AUM comprise $824 billion in asset management and $2.4 trillion in global wealth management.
** Allianz's total AUM include AUM of PIMCO and Allianz Global Investors (AllianzGI).
*** Pacific Investment Management Company (PIMCO), a autonomous subsidiary of Allianz, is an American investment manager based in Newport Beach, California.
**** Amundi is a division of Credit Agricole.
***** Based on AUM across Nuveen, TIAA-CREF Trust, Kaspick and Covariance.
^ Nuveen is the global asset management arm of TIAA.
^^ It was formerly known as Natixis Global Asset Management.
^^^ Franklin Resources, Inc operates as Franklin Templeton Investments.
^^^^ Asset Management One Co., Ltd is jointly owned by Mizuho Financial Group (MHFG) (70%) and Dai-ichi Life Group (30%).
^^^^^ Columbia Threadneedle Investments is a brand owned by Ameriprise Financial, Inc.