Top 10 Biggest Asset Management Companies In the World 

An asset management company is an investment management company that invests the collective funds of shareholders in the appropriate securities multiply investment money. These investors usually give full control of their portfolios to managers, who manage their assets. An asset management company invests and handles portfolios of mutual funds, shares and other assets, such as real estate and acquire equity holding of companies through buyouts and venture capital.

The investment companies in the world are growing at an extraordinary rate. The industry is witnessing consistent annual growth. The volume of investable assets is set to increase from around $64 trillion to $102 trillion. The world's 10 largest asset managers maintain a combined AUM of over $40 trillion. Eight of the top 10 asset management firms are U.S Investment companies. BlackRock is the largest investment company in the world.

Scroll through to see all Top 10 Biggest Asset Management Companies In the World :-

10. PIMCO :-

Pacific Investment Management Company, LLC is a global investment management firm. PIMCO is headquartered in Newport Beach, California. It was founded in 1971 by Bill Gross and Jim Muzzy and has over 2,900 employees working in 17 offices throughout the Americas, Europe, and Asia. PIMCO was acquired by Allianz SE, but the firm continues to operate as an independent subsidiary of Allianz.

The firm manages more than $2.2 trillion in assets such as fixed income, equities, commodities, asset allocation, ETFs, hedge funds, and private equity for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors. The firm primarily deals with portfolio management, account management, Investment management and business management.

9. Bank of New York Mellon :-

The Bank of New York Mellon Corporation is an American investment banking services company. It is headquartered in New York City. Through its predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world. BNY Mellon is the world's largest custody bank, the sixth-largest investment management firm in the world, and the seventh-largest wealth management firm in the United States. It is the world's largest custodian bank and asset servicing company with $2.2 trillion in assets under management.

BNY Mellon was established in 2007 by the merger of The Bank of New York and the Mellon Financial Corporation. Its predecessor Bank of New York established in June 1784 by American Founding Fathers Alexander Hamilton and Aaron Burr. While, T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew. The company handles Corporate banking, Investment banking, Global wealth management, Financial analysis, Private equity. BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa, and Asia-Pacific and employed 51,300 people.

8. Goldman Sachs :-

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. It is headquartered in New York City. It was founded in 1869 by Marcus Goldman and Samuel Sachs. The bank is one of the largest investment banking enterprises in the world by revenue and is a primary dealer in the United States Treasury security market.

It handles services in investment management, securities, asset management, prime brokerage, Credit cards, Commercial banking, Commodities, Investment management, Mutual funds and securities underwriting and provides investment banking to institutional investors. The segment is divided into four divisions and includes Fixed Income, Currency and Commodities, Equities and Principal Investments.

7. JPMorgan Chase :-

JPMorgan Chase & Co. is an American multinational investment bank and financial services company. It is headquartered in New York City. JPMorgan Chase is incorporated in Delaware. JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth-largest worldwide in terms of total assets. JPMorgan Chase was formed by merger of several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Chemical Bank, The Manhattan Company, Bear Stearns and Washington Mutual.

The company manages US$3.684 trillion in assets under management. It offers services include Asset management, banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management. It is the largest lender to the fossil fuel industry in the world. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.

6. Allianz :-

Allianz SE is a German multinational financial services company. It is headquartered in Munich, Germany. It was founded in 5 February 1890 by Carl von Thieme. It is the world's largest insurance company, the largest financial services group. The company manages €2,432 billion of assets under management.

Allianz is the world's largest insurance company with $1,134.954 billion in assets. Allianz has operations in over 70 countries and has around 150,000 employees and serves more than 100 million customers worldwide and offer services include property and casualty insurance, life insurance and asset management.

5. State Street Global Advisors :-

State Street Global Advisors is the investment management division of State Street Corporation. It is headquartered in Boston, Massachusetts. It was founded in 1978, with its first three products were a domestic index fund, an international index fund, and a short-term investment fund. The company employs 2,500 people in 28 countries around the world.

It is the world's fourth largest asset manager with nearly $3.59 trillion in assets under management. It offers services include Asset management, Mutual fund, Exchange-traded fund, Equity, Fixed Income, Cash for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors.

4. Fidelity :-

Fidelity Investments Inc. is an American multinational financial services corporation. It is headquartered in Boston, Massachusetts. It was founded in 1946 as Fidelity Management & Research by Edward C. Johnson II.

The company manages $4.9 trillion in assets under management and had 41,329 employees. Fidelity Investments operates a brokerage firm and offers fund distribution and investment advice, cryptocurrency. It offers products include Annuities, mutual funds, investment funds, electronic trading platform, life insurance, checking accounts, credit cards and services include Investment management, Brokerage firm, financial planning, wealth management.

3. UBS Group :-

UBS Group AG is a Swiss multinational investment bank and financial services company. It is co-headquartered in the cities of Zürich and Basel. UBS is the 3rd largest bank in Europe with a market capitalization of $61 billion. It has over CHF3.2 trillion in assets under management. It maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. 

It offers products include Investment banking, wealth management, private banking, investment management, asset management, corporate banking, retail banking, corporate banking, private equity, finance and insurance, retail banking, mortgages, credit cards for private, corporate, and institutional clients with international service. UBS manages the largest amount of private wealth in the world. The bank also maintains several underground bank vaults, bunkers, and storage facilities for gold bars around the Swiss Alps and internationally. 

2. The Vanguard Group :-

The Vanguard Group, Inc. is an American registered investment advisor. It is headquartered in Malvern, Pennsylvania. The Vanguard Group, Inc. was founded in May 1, 1975 by John C. Bogle. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds in the world. Along with BlackRock and State Street, Vanguard is considered one of the Big Three index fund managers that influence corporate America.

The company manages $7 trillion in global assets under management. Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. It provides advices for Mutual funds, Exchange-traded funds. It has satellite offices in Charlotte, North Carolina, and Scottsdale, Arizona. The company also has offices in Canada, Australia, Asia, and Europe.

1. BlackRock :-

BlackRock, Inc. is an American multinational investment management corporation. It is headquartered in New York City, New York. BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub.

BlackRock is the world's largest asset manager, with US$9.46 trillion in assets under management. The company provides services include asset management services and risk management to institutional clients. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.