An asset management company is an

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

company/firm that invests the pooled funds of retail investors in

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

in line with the stated investment objectives. For a fee, the company/firm provides more diversification,

liquidity Liquidity is a concept in economics involving the convertibility of assets and obligations. It can include: * Market liquidity In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quic ...

, and professional

management consulting Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultant ...

service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various

collective investment scheme An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These ad ...

s, e.g.

mutual fund A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in ...

schemes. In general, an asset management company is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities. A study by

consulting firm A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad ra ...

Casey Quirk, which is owned by

Deloitte Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...

, found that asset management firms ended 2020 with record highs in both revenue and

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

Largest companies

The following is a list of the top 20 asset managers in the world (as of March 31, 2024), ranked by total

Asset management firms worldwide

Africa and Middle East

* Allan Gray * Clarity Capital * Coronation Fund Managers * EFG Hermes *

eToro eToro Group Ltd. is an Israel, Israeli multi-asset Investment management, investment and social trading company focused on providing Financial trading, financial services. eToro was founded in 2007 in Tel Aviv by Yoni Assia, Ronen Assia, and Da ...

* First City Monument Bank * Heirs Holdings *

Investcorp Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, ...

Kingdom Holding Company The Kingdom Holding Company (KHC; ) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul (Saudi stock exchange). The KHC consists of a team of experienced investment specialists dire ...

* National Social Security Fund (Uganda) * NBK Capital * Ninety One ltd * Old Mutual * Public Investment Corporation *

Sanlam Sanlam Limited is a South African financial services group headquartered in Bellville, Western Cape, South Africa. Sanlam is one of the largest insurance companies in Africa. It is listed on the Johannesburg Stock Exchange, the Namibian Stock ...

* STANLIB * UAP Old Mutual Holdings * Stanbic IBTC Holdings

Americas

* Acadian Asset Management * AdvisorShares * Affiliated Managers Group *

AllianceBernstein AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and Investor, retail investors. AllianceBernstein's headquarters are located ...

* Allspring Global Investments * American Century Investments * Ameriprise Financial * Aristotle Capital Management * Arrowstreet Capital * AQR Capital * Barings LLC *

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

Bradesco Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution by assets in Brazil and Latin America. It is also one of fifty most valuable ban ...

* Blackstone * BNY Investments * Boston Partners *

Bridgewater Associates Bridgewater Associates, LP (informally known as "Bridgewater") is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, Financial endowment, endowments, Foundation (no ...

* Brookfield Asset Management * Brown Advisory * BTG Pactual * Calamos Investments *

Cambridge Associates Cambridge Associates LLC is a privately held investment firm based in the United States. It provides investment portfolio management and advisory services to institutional investors, including foundations and endowments, pensions, private clients ...

* Cambridge Investment Research *

Capital Group Companies Capital Group is an American investment management company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is ...

Charles Schwab Corporation The Charles Schwab Corporation is an American multinational Financial institution, financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services ...

* CI Financial * Cohen & Steers * Columbia Threadneedle Investments * Conning * Connor, Clark & Lunn *

Dimensional Fund Advisors Dimensional Fund Advisors, L.P. (branded Dimensional abbreviated DFA) is a privately-owned investment firm headquartered in Austin, Texas. Dimensional was founded in Brooklyn in 1981 by David Booth, Rex Sinquefield and Larry Klotz. The company h ...

* Dodge & Cox * DoubleLine Capital * Dreyfus Corporation *

Eaton Vance Eaton Vance Corp. is an American investment management firm based in Boston, Massachusetts. It is one of the oldest investment companies in the United States, with a history dating back to 1924. Through five primary investment affiliates, Eaton V ...

Edward Jones Investments Edward D. Jones & Co., L.P., (Doing business as, d.b.a. Edward Jones Investments), simplified as Edward Jones, is a financial services firm headquartered in St. Louis, Missouri. Founded in 1922, Edward Jones pioneered the branch-office brokerage ...

* Eldridge * Federated Hermes *

Fidelity Investments Fidelity Investments, formerly known as Fidelity Management & Research (FMR), owned by FMR LLC and headquartered in Boston, Massachusetts, provides financial services. Established in 1946, the company is one of the largest asset managers in the ...

* First Trust *

Fisher Investments Fisher Investments is an independent money management firm headquartered in Plano, Texas. History Ken Fisher founded the firm in 1979, then served as CEO until July 2016, when he was succeeded by long-time Fisher Investments employee Damian O ...

Franklin Templeton Investments Franklin Resources, Inc. is an American Multinational corporation, multinational investment management holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York ...

* GAMCO Investors * Geode Capital Management * Gluskin Sheff * GMO LLC * GQG Partners * Guardian Capital Group * Harbert Management Corporation * Harris Associates *

Hartford Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 ce ...

* Income Research + Management *

Invesco Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco oper ...

* Itaú Unibanco * J. & W. Seligman & Co. * Janus Capital Group * Knight Vinke Asset Management * Legg Mason * Loomis, Sayles & Company * Lord Abbett * LSV Asset Management * Mackenzie Investments *

Manulife Investment Management Manulife Financial Corporation (French language, French: Financière Manuvie) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" ...

* Mawer Investment Management * Merrill *

MFS Investment Management MFS Investment Management (MFS) is an American-based global investment manager, formerly known as Massachusetts Financial Services. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pio ...

Neuberger Berman Neuberger Berman Group LLC is an American private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-ne ...

* NISA Investment Advisors *

Northern Trust Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois, that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the List of largest ban ...

Nuveen Investments Nuveen is an American asset manager and wholly owned subsidiary of financial planning firm TIAA, itself known for its legacy focus on managing money for not-for-profit institutions such as universities and their employees. As a consequence of int ...

Oaktree Capital Management Oaktree Capital Management, Inc. is an American global asset management firm specializing in alternative investment strategies. As of September 30, 2024, the company managed $205 billion for its clientele. The firm was co-founded in 1995 by a ...

* Orbis Investment Management * Payden & Rygel * PGIM *

PIMCO Pacific Investment Management Company LLC (PIMCO) is an American investment management firm. While it has a specific focus on active fixed income management worldwide, it manages investments in many asset classes, including fixed income, share ca ...

* PineBridge Investments * Polen Capital * Power Financial * PRIMECAP *

Principal Financial Group Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States. History PFG was first founded under the name Bankers Life Insurance Company. Ba ...

* PSP Investments *

Putnam Investments Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, To ...

* Pzena Investment Management * Raymond James * RhumbLine Advisers * RLJ Companies * Ruane, Cunniff & Goldfarb *

Russell Investments Russell Investments Group LLC is an American investment firm headquartered in Seattle, Washington. Corporate overview According to ''American Banker'', Russell Investments has approximately $300 billion of assets under management, as of Septemb ...

* SEI Investments Company *

State Street Global Advisors State Street Global Advisors (SSGA) is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly in assets under management as of December 31, 2023. SSGA ...

Sun Life Financial Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number ...

* T. Rowe Price * TCW Group *

TIAA The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF) is an American financial services organization that is a private provider of financial retirement services in the academic, resea ...

* Tsai Capital * VanEck *

The Vanguard Group The Vanguard Group, Inc. is an American registered investment adviser founded on May 1, 1975, and based in Malvern, Pennsylvania, with about $10.4 trillion in global assets under management as of 31 January 2025. It is the largest provide ...

* Victory Capital * Virtus Investment Partners * Voya Financial *

Waddell & Reed Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas ...

Wellington Management Company Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States. The firm serves as an investment advisor A fi ...

* Wilshire Associates *

WisdomTree Investments WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the ...

* XP Inc.

Asia-Pacific

* Affin Hwang Capital * AMP Capital * Artradis *

Asset Management One Asset Management One Co., Ltd. (アセットマネジメントOne株式会社), abbreviated as AM-One, is a Japanese asset management company. It is a subsidiary of the Mizuho Financial Group and is one of the largest asset management companies i ...

* Australian Ethical Investment * Axis Asset Management Company * BetaShares * Bosera Asset Management * BT * Capital Dynamics * Challenger * China Asset Management * China Southern Asset Management * Colonial First State * E Fund Management * Eastspring Investments * First Sentier Investors * Fullgoal Fund Management * Harvest Fund Management * HDFC Asset Management Company * ICBC Credit Suisse Asset Management * ICICI Prudential Asset Management Company * IFM Investors * Investors Mutual Limited * JM Financial Asset Management * Kotak Mahindra Asset Management Company * Macquarie Asset Management * Magellan Financial Group * Mirae Asset Financial Group * MUFG *

Nomura Holdings is a financial holding company and a principal member of the Nomura Group, which is Japan's largest List of investment banks#Largest full-service investment banks#Bulge Bracket#Membership, investment bank and Broker-dealer#Japan, brokerage group. ...

* Penghua Fund Management * Perpetual * Pinnacle Investment Management * Platinum Asset Management * Plenary Group *

Samsung Asset Management Samsung Asset Management Co., Ltd. () is a South Korean asset management company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Life Insurance. It is the largest asset management company in South Korea. History In Septemb ...

* SBI Funds Management * Shinhan Asset Management *

Sumitomo Mitsui Trust Holdings , formerly Chuo Mitsui Trust Holdings, Inc., is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides an assortment of financial products to retail and wholesale customers, with a focus on asset management, financial ...

* Tianhong Asset Management * UTI Asset Management Company * Value Partners * Zhong Ou Asset Management

Europe

* Aberdeen Group * Aegon N.V. * Alliance Trust *

Allianz Global Investors Allianz Global Investors (commonly called AllianzGI or AGI), is a global investment management firm with offices in over 20 locations worldwide. It is owned by the global financial services group Allianz. Employing nearly 3,000, it manages over ...

* Amundi * Anima Holding * APG * Ashmore Group * Aviva Investors *

AXA Investment Managers Axa Investment Managers (Axa IM) is a global investment management firm. It operates as the investment arm for Axa, a global insurance and reinsurance company. History In 1994, Axa created an investment management subsidiary under the name, ...

Azimut Holding Azimut Holding is an independent, global group in the asset management, wealth management, investment banking and fintech space, serving private and corporate clients. Azimut Holding S.p.a.is listed on the Milan Stock Exchange (AZM.IM) since Jul ...

Baillie Gifford Baillie Gifford & Co is a British investment management firm which is wholly owned by partners, all of whom work within the firm. It was founded in Edinburgh, Scotland, in 1908 and still has its headquarters in the city. It has corporate offices ...

Barclays Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services ...

* Bluebay Asset Management * BNP Paribas Asset Management * Brewin Dolphin * Candriam Investors Group * Capital Fund Management *

The Children's Mutual The Children's Mutual is a United Kingdom-based financial savings and insurance provider aimed at children. It is the trading name of the Forester Fund Management Limited, part of Forester Life Ltd, which is owned by the Independent Order of For ...

* Cork Gully * DekaBank * DWS Group * Edinburgh Partners *

Eurizon Capital Eurizon Capital (also known as Eurizon and Eurizon Asset Management) is an asset management firm headquartered in Milan. It is the asset management division of Intesa Sanpaolo, Italy's largest banking group. It is considered to be one of the lar ...

* F&C Asset Management * Fidelity International * Generali Investments * Generation Investment Management * Henderson Group * Henderson New Star *

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

* Insight Investment *

Invesco Perpetual Invesco, based in Henley-on-Thames, Oxfordshire, is one of the largest investment managers in the United Kingdom, managing £91.59bn in assets on behalf of individual clients, fund platforms, nominees, pension funds and other corporate institu ...

* Intelligent Money * Janus Henderson * Jupiter Fund Management *

Van Lanschot Kempen Van Lanschot Kempen N.V. is a specialised, independent wealth manager that provides private banking, investment management and investment banking services to wealthy individuals and institutions. It is headquartered in 's-Hertogenbosch, the Nethe ...

* La Française Group *

Legal & General Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England. Its products and services include investment management, lifetime mortg ...

LGT Group LGT Group is the largest royal family-owned private banking and asset management group in the world. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Fo ...

* Lindsell Train * Liongate Capital Management * M&G Investments * Mercury Asset Management * Mirabaud Group * Swiss Life * Newton Investment Management * NN Investment Partners * Octopus Group * Quilter plc * Rathbones * Record Currency Management * Lombard Odier * Robeco * Royal London Asset Management *

Schroders Schroders plc is a British multinational asset management company headquartered in London, England. Founded in 1804, it employs over 6,000 people worldwide in 38 locations around Europe, America, Asia, Africa and the Middle East. It is traded on ...

* Scottish Mortgage Investment Trust *

Scottish Widows Scottish Widows Limited is a life insurance, pensions and investment company based in Edinburgh, Scotland, and is a part of Lloyds Banking Group. The company has been providing financial services to the UK market since 1815 and its product range ...

* Skagen Funds * Stodir * Superfund Group * Tilney Ltd. * UBS *

Union Investment Union Asset Management Holding AG () is the Investment banking, investment arm of the DZ Bank, DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt. Trading in open-end f ...

Largest companies

Asset management firms worldwide

Africa and Middle East

Americas

Asia-Pacific

Europe

References

See also

Further reading