The world’s largest asset management companies in 2021 – 24/7 Wall St.
Despite the stock market slump since the start of the year, the pandemic has been generally good for investors. The S&P 500 ended 2020 up more than 16% and 2021 with a return of nearly 27%. Many asset management companies were able to take advantage of this, as assets continued to swell – a combination of investment returns and new client assets.
In fact, BlackRock’s assets under management surpassed $10 trillion for the first time in the fourth quarter of 2021, the company said when reporting its financial results on Jan. 14. . BlackRock is the largest investment manager by assets under management.
To find the 20 asset managers with the most assets under management, 24/7 Wall St. reviewed and updated ADV Ratings The best asset management companies in the world list using recent company filings and company websites.
We have only included reported assets under management, although in the case of Bank of America, Morgan Stanley and JPMorgan Chase, client assets under management may be significantly higher. These are noted.
Asset management companies help clients invest their money. Often their clients include large institutional investors such as pension funds, governments or corporations, and endowments. Many also manage mutual funds and other vehicles in which individual investors can invest. High net worth investors are also among the clients of these companies. (These are the countries where the 1% hold the most wealth – country with the richest richest.)
The companies on the list are mostly American, but several are based in Europe. Some, like Bank of America, offer retail banking services, while many also offer investment banking services. Most companies also reported double-digit increases in assets under management from a year ago.
Whether asset managers can repeat their recent success in 2022 remains to be seen. markets have been shaken. (The price of this household item is skyrocketing.)
Click here to see the world’s largest asset management companies in 2021