Here is a list of the top 50 largest asset management firms ranked by global AUM. Headquartered in New York City, BlackRock is the world's largest asset manager with $6.8 trillion in AUM as of June 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$70 billion as of August 2, 2019. 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
1 BlackRock US 6,520 03/31/2019
2 Vanguard Group US 5,600 04/30/2019
3 UBS * Switzerland 3,256 03/31/2019
4 State Street Global Advisors US 2,805 03/31/2019
5 Fidelity Investments US 2,459 03/31/2019
6 Allianz Group ** Germany 2,357 03/31/2019
7 JP Morgan Asset Management US 2,096 03/31/2019
8 Capital Group US 1,859 03/31/2019
9 Bank of New York Mellon US 1,841 03/31/2019
10 PIMCO *** US 1,760 03/31/2019
11 Goldman Sachs Group US 1,599 03/31/2019
12 Amundi **** France 1,598 03/31/2019
13 AXA Group France 1,597 12/31/2018
14 Morgan Stanley US 1,596 03/31/2019
15 Prudential Financial US 1,456 03/31/2019
16 Credit Suisse Switzerland 1,438 03/31/2019
17 Deutsche Bank Germany 1,355 03/31/2019
18 Legal & General Invest. Management UK 1,322 03/31/2019
19 BNP Paribas France 1,206 03/31/2019
20 Northern Trust US 1,162 03/31/2019
21 Bank of America US 1,126 03/31/2019
22 T. Rowe Price US 1,082 03/31/2019
23 TIAA ***** US 1,026 03/31/2019
24 Wellington Management Company US 1,010 03/31/2019
25 BPCE France 989.3 03/31/2019
26 Nuveen ^ US 989.0 03/31/2019
27 Natixis Investment Managers ^^ France 959.0 03/31/2019
28 Invesco Ltd US 954.8 03/31/2019
29 Aegon Group Netherlands 901.8 12/31/2018
30 HSBC Holdings UK 899.0 12/31/2018
31 Prudential plc UK 855.6 12/31/2018
32 Sumitomo Mitsui Trust (SuMi Trust) Japan 845.9 03/31/2019
33 Insight Investment UK 843.5 03/31/2019
34 Affiliated Managers Group (AMG) US 778.0 03/31/2019
35 Legg Mason US 768.0 04/30/2019
36 Sun Life Financial Canada 757.1 12/31/2018
37 Manulife Financial Canada 749.1 03/31/2019
38 Mitsubishi UFJ Financial Group (MUFG) Japan 739.5 12/31/2018
39 Franklin Resources ^^^ US 720.5 04/30/2019
40 Wells Fargo US 708.0 03/31/2019
41 Ameriprise Financial US 707.7 03/31/2019
42 MassMutual US 702.0 12/31/2018
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
46 Aviva plc UK 612.1 12/31/2018
47 MetLife US 605.6 03/31/2019
48 Generali Group Italy 583.2 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
51 AllianceBernstein (AB) US 568.0 04/30/2019
52 Great-West Lifeco Canada 559.2 03/31/2019
53 Royal Bank of Canada Canada 549.0 04/30/2019
54 APG Group Netherlands 546.2 03/31/2019
55 Schroders UK 536.7 12/31/2018
56 MUFG Assets Under Management Japan 535.0 03/31/2019
57 Asset Management One (AM-One) ^^^^ Japan 515.0 03/31/2019
58 Blackstone Group US 512.0 03/31/2019
59 MFS Investment Management US 485.5 04/30/2019
60 Federated Investors US 484.9 03/31/2019
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 Investments ^^^^^ 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.