What is Asset Management?

In the world of finance, asset management serves as the cornerstone of strategic wealth administration. Guided by seasoned investment managers, this essential practice involves the careful coordination of a diverse array of assets. Embark with us on a journey into the nuanced realm of asset management, where we unravel its core tenets and reveal the top 20 asset management firms of 2023.


BlackRock emerges as the premier asset manager globally, proudly surpassing the remarkable milestone of managing over US$9 trillion, as outlined in the report. Following closely is The Vanguard Group, securing the second spot with an impressive milestone of over US$8 trillion under management.


Here is the top list of the Global largest money managers ranked by total AUM (Asset under Management)


Rank

Company Name

AUM in Billion USD

Country

1

BlackRock

9,090

United States

2

Vanguard Group

7,600

United States

3

Fidelity Investments

4,240

United States

4

State Street Global Advisors

3,600

United States

5

Morgan Stanley

3,131

United States

6

JPMorgan Chase

3,006

United States

7

Goldman Sachs

2,672

United States

8

Crédit Agricole

2,660

France

9

Allianz

2,364

Germany

10

Capital Group

2,300

United States

11

Amundi

2,103

France

12

BNY Mellon

1,910

United States

13

UBS

1,830

Switzerland

14

PIMCO

1,800

United States

15

Edward Jones Investments

1,700

United States

16

Deutsche Bank

1,492

Germany

17

Invesco

1,484

United States

18

Legal & General

1,477

United Kingdom

19

Bank of America

1,467

United States

20

Franklin Templeton

1,421

United States