Here is our list of the largest and best wealth management firms or top companies in global private banking ranked by AUM. The top 10 wealth managers include five U.S. banks and three Swiss banks.

UBS Group tops the list with AUM of $2.432 trillion in global wealth management. The company is the largest wealth manager in the Asia Pacific region, the second largest in Latin America and the fourth largest in the United States. With about 24,000 employees, the Group's Global Wealth Management (GWM) division provides high-quality private banking and wealth management products and services to high net worth and ultra high net worth individuals and families worldwide as well as affluent customers in some markets. In 2018 GWM’s net interest income reached $4.3 billion.

Bank of America GWIM ranks 2nd in the list with assets under management of $1.1 trillion. The Global Wealth & Investment Management (GWIM) division comprises two main business lines: Merrill Lynch Wealth Management and U.S. Trust, Bank of America Private Wealth Management. Merrill Lynch Wealth Management has over 14,000 financial advisors and serves affluent and high-net-worth individuals with investable assets of $250,000 or more. Bank of America Private Bank provides services to wealthy and ultra-high net worth clients with assets of more than $3 million.

Morgan Stanley is the third largest wealth manager in the world with AUM of $1.1 trillion in wealth management. Through a network of over 16,000 financial advisors, it serves about 3.6 million customers worldwide. In 2018, the Bank’s wealth management segment generated net revenue of $17.24 billion and profit before tax of $4.52 billion. For the first quarter ended March 31, 2019, revenue was $4.4 billion.

Rank Wealth Manager Country AUM, US$B Balance sheet
1 UBS Global Wealth Management Switzerland 2,432 03/2019
2 Bank of America GWIM US 1,126 03/2019
3 Morgan Stanley Wealth Management US 1,116 03/2019
4 Credit Suisse Switzerland 789.7 03/2019
5 J.P.Morgan Private Bank US 597.0 03/2019
6 Goldman Sachs US 482.0 03/2019
7 Citi Private Bank US 460.0 01/2019
8 BNP Paribas Wealth Management France 422.8 03/2019
9 Julius Baer Switzerland 428.9 04/2019
10 HSBC Private Bank UK 335.0 03/2019
11 China Merchants Bank Private Banking China 296.5 12/2018
12 Northern Trust US 294.2 03/2019
13 BNY Mellon Wealth Management US 253.0 03/2019
14 Deutsche Bank Wealth Management Germany 238.9 03/2019
15 Wells Fargo US 232.0 03/2019
16 ICBC Private Banking China 220.0 12/2018
17 Pictet Wealth Management Switzerland 210.0 12/2018
18 LGT Group Liechtenstein 200.0 03/2019
19 DBS Wealth Management Singapore 169.6 03/2019
20 J. Safra Sarasin Bank Switzerland 165.5 12/2018
21 EFG International Switzerland 146.0 03/2019
22 Indosuez Wealth Management * France 137.7 12/2018
23 Union Bancaire Privée (UPB) Switzerland 127.4 12/2018
24 Bank of Singapore ** Singapore 108.0 03/2019

* Indosuez Wealth Management or CA Indosuez Wealth (Group) is a a subsidiary of Crédit Agricole Corporate and Investment Bank (CA-CIB).
** Bank of Singapore is a private banking arm of OCBC.