17 World’s
Biggest Investment Management Companies in 2024
17 World’s Biggest Investment Management Companies in 2024– There are 17 World’s Biggest Investment Management Companies 2024. This data is obtained from the annual reports and the other sources from the official websites of companies. An investment company is a company that collects funds from individual investors and invests these funds in several types of securities or other asset instruments.
Overall, these investment companies have trillion managed assets from their customers all over the world. They have some investment products and market them to the customer. Some of their products are Stock, Bonds, Mutual Funds and ETFs, Insurance Products such as variable Annuities. With professional and leading investment teams, they strive to manage the assets of their customers.
In this article, this company is ranked by Assets
Under Management (AUM). Basically, Assets under management (AUM) are the total
market value obtained when investors entrust all their investments to
investment managers of the financial institution. Each company has a different
definition and formula for calculating AUM.
The Rank of 17 World’s Biggest Investment Management Companies in 2024 Based on Total Assets Under Management (AUM)
Rank |
Name of Investment Management Companies |
Total Assets Under Management (AUM) in 2024 |
Total Assets Under Management (AUM) in 2024 |
|
(in Origin Currency) |
(In US Dollar (USD)) |
|||
1 |
BlackRock |
USD 11.6 trillion |
USD 11.6 trillion |
|
2 |
Vanguard
Group |
USD 10.1 trillion |
USD 10.1 trillion |
|
3 |
UBS Group |
USD 6.09 trillion |
USD 6.09 trillion |
|
4 |
Fidelity
Investments |
USD 5.9 trillion |
USD 5.9 trillion |
|
5 |
State
Street Global Advisors |
USD 4.72 trillion |
USD 4.72 trillion |
|
6 |
JPMorgan
Chase |
USD 4.0 trillion |
USD 4.0 trillion |
|
7 |
Goldman
Sachs |
USD 3.14 trillion |
USD 3.14 trillion |
|
8 |
Capital
Group |
USD 2.8 trillion |
USD 2.8 trillion |
|
9 |
Allianz
Group |
EUR 2.44 trillion |
USD 2.7 trillion |
|
10 |
Crédit
Agricole (Amundi Investment Solutions) |
EUR 2 trillion |
USD 2.2 trillion |
|
11 |
BNY Mellon |
USD 2.03 trillion |
USD 2.03 trillion |
|
12 |
PIMCO |
USD 2.03 trillion |
USD 2.03 trillion |
|
13 |
Bank of
America |
USD 1.88 trillion |
USD 1.88 trillion |
|
14 |
Morgan
Stanley |
USD 1.67 trillion |
USD 1.67 trillion |
|
15 |
Prudential
Financial |
USD 1.51 trillion |
USD 1.51 trillion |
|
16 |
Deutsche
Bank |
EUR 1.12 trillion |
USD 1.24 trillion |
|
17 |
AXA
Financial |
EUR 0.879 trillion |
USD 0.975 trillion |
|
Source:
Annual report, 2024 |
||||
Currency
Rate: 1 Euro (EUR)= 1.10 US Dollar (USD) |
||||
Origin
Currency - official currency used in Annual Report of 2024 |
||||
US Dollar -
converted currency from origin currency to
US Dollar using Currency rate above |
As added data, we also give information about the
assets, liabilities, revenue, and income of some companies. We showed the
public investment companies and private investment companies cannot be shown
because of limited access to financial information. Of course, the financial
information of public investment companies was obtained from the Balance Sheet
and Income Statements of the Annual Report in 2024.
The Financial Conditions of 13 World’s Biggest Investment Management Companies in 2024 Based on Total Assets and Total Liabilities
Rank |
Name of Investment Management Companies |
Total Assets in 2024 |
Total Assets in 2024 |
Total Liabilities in 2024 |
Total Liabilities in 2024 |
In origin Currency |
In US Dollar (USD) |
In origin Currency |
In US Dollar (USD) |
||
1 |
JPMorgan
Chase |
USD 4.0 trillion |
USD 4.0 trillion |
USD 3.65 trillion |
USD 3.65 trillion |
2 |
Bank of
America |
USD 3.26 trillion |
USD 3.26 trillion |
USD 2.96 trillion |
USD 2.96 trillion |
3 |
Crédit
Agricole |
EUR 2.3 trillion |
USD 2.5 trillion |
EUR 2.2 trillion |
USD 2.4 trillion |
4 |
Goldman
Sachs |
USD 1.67 trillion |
USD 1.67 trillion |
USD 1.55 trillion |
USD 1.55 trillion |
5 |
UBS Group |
USD 1.57 trillion |
USD 1.57 trillion |
USD 1.48 trillion |
USD 1.48 trillion |
6 |
Deutsche
Bank |
EUR 1.39 trillion |
USD 1.54 trillion |
EUR 1.32 trillion |
USD 1.46 trillion |
7 |
Morgan
Stanley |
USD 1.22 trillion |
USD 1.22 trillion |
USD 1.11 trillion |
USD 1.11 trillion |
8 |
Allianz
Group |
EUR 1.04 trillion |
USD 1.15 trillion |
EUR 0.955 trillion |
USD 1.06 trillion |
9 |
Prudential
Financial |
USD 0.735 trillion |
USD 0.735 trillion |
USD 0.707 trillion |
USD 0.707 trillion |
10 |
AXA
Financial |
EUR 0.653 trillion |
USD 0.724 trillion |
EUR 0.601 trillion |
USD 0.667 trillion |
11 |
BNY Mellon |
USD 0.416 trillion |
USD 0.416 trillion |
USD 0.374 trillion |
USD 0.374 trillion |
12 |
State
Street Global Advisors |
USD 0.353 trillion |
USD 0.353 trillion |
USD 0.327 trillion |
USD 0.327 trillion |
13 |
BlackRock |
USD 0.138 trillion |
USD 0.138 trillion |
USD 0.0892 trillion |
USD 0.0892 trillion |
Source:
Annual report, 2024 |
|||||
Currency
Rate: 1 Euro (EUR)= 1.10 US Dollar (USD) |
|||||
Origin
Currency - official currency used in Annual Report of 2024 |
|||||
US Dollar -
converted currency from origin currency to
US Dollar using Currency rate above |
The Business Performance of 13 World’s Biggest Investment Management Companies in 2024 According to Total Revenue and Net Income
Rank |
Name of Investment Management Companies |
Total Revenue in 2024 |
Total Revenue in 2024 |
Net Income in 2024 |
Net Income in 2024 |
In origin Currency |
In US Dollar (USD) |
In origin Currency |
In US Dollar (USD) |
||
1 |
JPMorgan Chase |
USD 177 billion |
USD 177 billion |
USD 58.4 billion |
USD 58.4 billion |
2 |
Bank of America |
USD 102 billion |
USD 102 billion |
USD 27.1 billion |
USD 27.1 billion |
3 |
Goldman Sachs |
USD 53.5 billion |
USD 53.5 billion |
USD 14.3 billion |
USD 14.3 billion |
4 |
Morgan Stanley |
USD 61.8 billion |
USD 61.8 billion |
USD 13.4 billion |
USD 13.4 billion |
5 |
Allianz Group |
EUR 179 billion |
USD 198 billion |
EUR 10.5 billion |
USD 11.6 billion |
6 |
Fidelity Investments |
USD 32.7 billion |
USD 32.7 billion |
USD 10.3 billion |
USD 10.3 billion |
7 |
Crédit Agricole |
EUR 27 billion |
USD 29.9 billion |
EUR 8.1 billion |
USD 8.9 billion |
8 |
AXA Financial |
EUR 87.3 billion |
USD 96.9 billion |
EUR 8 billion |
USD 8.8 billion |
9 |
BlackRock |
USD 20.4 billion |
USD 20.4 billion |
USD 6.3 billion |
USD 6.3 billion |
10 |
UBS Group |
USD 48.6 billion |
USD 48.6 billion |
USD 5.09 billion |
USD 5.09 billion |
11 |
Deutsche Bank |
EUR 31.5 billion |
USD 34.9 billion |
EUR 4.48 billion |
USD 4.97 billion |
12 |
BNY Mellon |
USD 18.6 billion |
USD 18.6 billion |
USD 4.5 billion |
USD 4.5 billion |
13 |
Prudential Financial |
USD 70 billion |
USD 70 billion |
USD 2.7 billion |
USD 2.7 billion |
14 |
State Street Corporation |
USD 13 billion |
USD 13 billion |
USD 2.68 billion |
USD 2.68 billion |
|
Source:
Annual Report, 2024 |
||||
|
Currency
Rate: 1 Euro (EUR) = 1.10 US Dollar (USD) |
||||
|
|
||||
|
Origin
Currency - official currency used in Annual Report of 2024 |
||||
|
US Dollar -
converted currency from origin currency to
US Dollar using Currency rate above |
Brief Description of 17 World’s Biggest Investment
Management Companies in 2024
1.BlackRock
BlackRock Inc. is one of the biggest investment
management companies based in New York City. In 2024, this company had assets under management (AUM) of around USD 11.6 trillion.
Historically, BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito,
Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and
Keith Anderson. One of the founders, Larry Fink, still became the CEO
of this company. Along with the development of this company, Black has clients
spread in more than one hundred countries and 150,000 wealth management
professionals. Operationally, BlackRock has invested in over 270 wind and solar
infrastructure projects around the world and These investments have supported
20,000 jobs. Commonly, in terms of business products, BlackRock Provides some
financial products and services to its customers including Asset management,
Wealth management, Alternative investment, ESG investment and others.
Financially, according to its annual report in
2024, BlackRock has total assets reaching USD 138 billion with total
liabilities of USD 89.2 billion and successfully gained positive conditions
with total revenue reaching USD 20.4 billion and net income of USD 6.3 billion.
2. Vanguard Group
The Vanguard Group, Inc. is an American-based
investment company. It was founded by the outstanding investor, i.e., Jack
Bogle on May 1, 1975. Jock Bogle is famous for Index Fund products. As
of business development in 2023, Vanguard Group has total assets of
USD 2.6 billion with employees of the company are about 17,300 in the United
States and abroad. Commonly, in terms of business products, Vanguard Group
provides Asset management and Wealth management to its customers. In 2024,
related to investment management business, the total of assets under management
(AUM) of the vanguard group reached USD 10.1 trillion. Operationally, this
company has a primary office in Malvern, Pennsylvania, United States. Vanguard
Group has thirty million investors spread across 170 countries.
3. Fidelity Investments
Fidelity Investments Inc., commonly known as
Fidelity, is one of the biggest financial service companies based in Boston,
Massachusetts, U.S. Historically, Edward Johnson founded this company. Along
with business development, Fidelity Investments successfully gained revenue
reaching USD 32.7 billion with net income reaching USD 10.3 billion. In 2024,
Fidelity’s assets under management reached USD 5.9 trillion. Along with the
development of the company’s business, Fidelity has managed employee benefit programs
for over 22,000 businesses, supporting more than 13,500 financial
institutions and forty million individual investors.
4. State Street Global Advisors
State Street Global Advisors (SSGA) is the
investment management division of State Street Bank and Trust Company. In 2024,
State Street’s assets under management reached USD 4.72 trillion. Historically,
this company was founded in 1978 and has a primary office in Boston,
Massachusetts, United States. As a financial institution, this company has
diversified products, namely Asset management, Mutual fund,
Exchange-traded fund, Equity, and Fixed Income. Along with the development of
the company’s business, as of December 31, 2024, on a joint basis,
State Street had total assets of USD 353 billion with total liabilities of USD
327 billion. In terms of business performance, State Street Global successfully
gained total revenue of USD 13 billion with a net income of USD 2.68
billion. Furthermore, State Street employs 39,000 people. Operationally,
this company has run in more than 100 geographic markets worldwide, including
the U.S., Canada, Europe, the Middle East, and Asia.
5. JPMorgan Chase
JPMorgan
Chase, a financial holding company incorporated under Delaware law in 1968, is
a leading financial services firm based in New York City, United States of
America (U.S.A). As for business development, J.P. Morgan Chase has employed
more than 300 thousand people. Financially, J.P. Morgan Chase had USD 4
trillion in total assets and USD 3.65 trillion in total liabilities as of
December 31, 2024. Overall, in 2024, the total revenue of J.P. Morgan Chase is
USD 177 billion with net income of around USD 58.4 billion. Furthermore, based
on the business performance in 2024, J.P. Morgan Chase maintained assets under management (AUM) reaching USD 4
trillion.
6. Capital Group
Capital Group is an American financial corporation
that was founded in Los Angeles, California in 1931 by Jonathan Bell Lovelace.
It is privately held and has offices around the globe in the Americas, Asia,
Australia, and Europe. Along with the development of the company’s business,
Capital group has 7,500 employees. In 2024, Capital Group assets under
management (AUM) reached USD 2.8 trillion.
7. PIMCO
PIMCO (Pacific Investment Management Company,
LLC) was founded in 1971 by Bill Gross, Jim Muzzy, and Bill Policy.
Commonly, PIMCO manages assets from several financial institutions, namely
central banks, sovereign wealth funds, pension funds, corporations, foundations
and endowments, and individual investors around the world. Our scale and
specialized resources have helped build a diverse platform of product
offerings. Along with the development of the company’s business, this company
has employees of 2,900 people. In 2024, PIMCO’s total assets under management
(AUM) reached USD 2.03 trillion.
8. BNY Mellon Investment Management
BNY Mellon Investment Management (BNY Mellon) is the investment management division of BNY Mellon. This is one of the largest asset management companies in the world which has some diversified products of investment, namely Mutual Funds, Money market funds, and ETFs. Historically, BNY Mellon was formed in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation. Operationally, BNY Mellon is headquartered in Manhattan, New York City. As for business development, in 2024 Total Employees of BNY Mellon reach 53,400 people. As for the business development from time to time, BNY Mellon has total assets of USD 416 billion and total liabilities of USD 374 billion. In terms of business performance in 2024, BNY Mellion successfully gained total revenue of around USD 18.6 billion and net income of USD 4.5 billion. In 2024, BNY Mellon's total assets under management (AUM) reached USD 2.03 trillion.
9. Goldman Sachs
Goldman Sachs is a leading global financial
institution that delivers a broad range of financial services across investment
banking, securities, investment management, and consumer banking to a large and
diversified client base that includes corporations, financial institutions,
governments, and individuals. Historically, Goldman Sachs Group was founded in
1869 and is still headquartered in Lower Manhattan, New York. The
establishment of Goldman Sachs is the role of Marcus Goldman and Samuel Sachs.
As for business development, the total assets of Goldman
Sachs reached USD 1.67 with total liabilities of USD 1.55
trillion and employed more than 45 thousand people. Furthermore, in
terms of business performance, the total revenue of Goldman Sachs reached USD
53.5 billion with total net income of around USD 14.3 billion. In Investment
Management, Goldman Sachs has managed total assets under management (AUM) of
around USD 3.14 trillion.
10. Credit Agricole/ Amundi Investment Solutions
Crédit Agricole Group or La banque verte (France) is One of the world's largest financial institutions headquartered in Montrouge, France. Historically, it was founded on November 5th, 1894. To Date, Credit Agricole has total assets reaching EUR 2.3 trillion or equivalent to USD 2.5 trillion with total liabilities of around EUR 2.2 trillion or equivalent to USD 2.4 trillion. Based on the business performance in 2024, Crédit Agricole successfully gained total revenue of EUR 27 billion or equivalent to USD 29.9 billion with net income reaching EUR 8.1 billion or equivalent to USD 8.9 billion. In investment management, Credit Agricole through Amundi Investment Solutions still managed assets under management (AUM) reaching EUR 2 trillion or equivalent with USD 2.2 trillion.
11. UBS Group
UBS Group AG is a Swiss multinational investment bank and financial services company founded on June 29, 1998, through the merger of Union Bank of Switzerland and Swiss Bank Corporation. Operationally, UBS Group still has its headquarters in Zurich, Switzerland. Operationally, this company has 105,038 employees in fifty countries. As for the business development, UBS Group has total Assets reaching USD 1.57 trillion with total liabilities of around USD 1.48 trillion. In terms of business performance, The UBS Group gained total revenue of USD 48.6 billion and reaping net income achieved USD 5.09 billion. In 2024, the total assets under management (AUM) of UBS Group reached USD 6.09 trillion.
12. Allianz Group
Allianz is a German multinational financial
services company headquartered in Munich, Germany. Historically, the founders
of Allianz were Carl von Thieme and Wilhelm von Finck in Berlin on 5
February 1890. Operationally, its core businesses are insurance and asset
management with total assets of Allianz reaching EUR 1.04 trillion or
equivalent to USD 1.15 trillion with total liabilities of around EUR 0.955
trillion or equivalent to USD 1.06 trillion in 2024. Based on the business
performance in 2024, the Allianz Group successfully gained revenue of EUR 179 billion or equivalent to USD 198 billion
with net income of EUR 10.5 billion or equivalent to USD 11.6 billion. Based on
total assets management performance in 2024, the total Assets Managements (AUM)
of Allianz achieved EUR 2.44 trillion or equivalent to USD 2.7 trillion.
13. Bank of America
The Bank of America Corporation (Bank of America)
is a multinational investment bank and financial services company headquartered
in Charlotte, North Carolina (Corporate Center) and Manhattan (investment
banking and auxiliary). Historically, the Bank of America was founded by the
merger of NationsBank and Bank of America in 1998. As of 2025, many diversified
financial products provided by Bank of America include Asset management,
Banking, Commodities, Credit cards, Equities trading, Insurance, Investment management,
Mortgage loans, Private equity, Wealth management, and others. As a business
development, Bank of America has 3,700 retail financial centers with 15,000 ATMs centers.
Financially, according to its annual report of 2024, Bank of America (BoA) has Total Assets of USD 3.26 trillion with Total Liabilities of around USD 2.96 trillion. In terms of business performance, Bank of America successfully gained total revenue of USD 102 billion with net income around USD 27.1 billion. Related to investment management, the total Assets Managements (AUM) of Bank of America in reached USD 1.88 trillion.
14. Morgan Stanley
Financially in 2024, according to its annual
report, Morgan Stanley has total assets of around USD 1.22 trillion with total
liabilities of around USD 1.11 trillion. In terms of business performance in
2024, Morgan Stanley successfully gained total revenue of around USD 61.8
billion with net income of around USD 13.4 billion. Specifically, in investment
management, the total Assets Managements (AUM) of Morgan Stanley in 2024 reached USD 1.67 trillion.
15. Prudential Financial
Morgan Stanley is an American multinational
investment bank and financial services company headquartered at
Midtown Manhattan, New York City. Historically, Morgan Stanley was Founded in
1935 with the initiative of Henry Sturgis Morgan and
Harold Stanley. As of 2025, Morgan Stanley provides some financial products and
services to its customers including Asset management, Wealth management,
Investment management, Investment banking, Sales and trading, Commodities,
Prime brokerage, and others.
Financially,
in 2024, Prudential Financial has total assets of around USD 0.735
trillion with total liabilities of around USD 0.707 trillion. In terms of
business performance Total Revenue of Prudential Financial reached USD 70
billion with net income of around USD 2.7 billion. Specifically, related to investment
management in 2024, Prudential Financial managed the total Assets Managements
(AUM) of Prudential Financial USD
1.51 trillion.
16. Deutsche Bank
Deutsche Bank AG is a German multinational
investment bank and finance headquartered in Frankfurt,
Germany. Historically, Deutsche Bank was founded in 1870 in Berlin. Along with
business development, Deutsche Bank employed 89,753 people. As one of the
world's biggest financial institutions in 2024, Deutsche Bank provides some
financial products and services including Asset management, Banking,
Commodities, Credit cards, Equities trading, Insurance, Investment management,
Mortgage loans, Private equity, Wealth management. Related to management of
third-party assets, the total Assets Managements (AUM) of Deutsche Bank reached
EUR 1.12 trillion or equivalent to USD 1.24 trillion.
Financially, in 2024, the total assets of Deutsche
Bank have total assets of around EUR 1.39 trillion or equivalent to USD 1.54 trillion with total liabilities EUR 1.32
trillion or equivalent to USD 1.46 trillion. In terms of business performance
in 2024, Deutsche Bank successfully gained total revenue of around EUR 31.5
billion or equivalent to USD 34.9 billion with net income of EUR 4.48 billion
or equivalent to USD 4.97 billion.
17. AXA Financial
Axa S.A. is a French multinational insurance and
investment management corporation headquartered in Paris. Founded 1921 as
Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle), AXA S.A has
become one of the world's largest financial institutions which provided some
financial services and products including Insurance, General insurance, Health
insurance, Vehicle insurance, Travel insurance, Home insurance, Life insurance,
Mortgage loans, Investment management, Asset management, Mutual funds, and
others. As of 2024, total employees of Axa S.A reached 113,696 people.
Financially,
in 2024, AXA Financial has total assets of around EUR 0.653 trillion or
equivalent to USD 0.724 trillion with total liabilities of around EUR 0.601
trillion or equivalent to USD 0.667 trillion. Related to business performance in
2024, Total Revenue of AXA Financial reached
EUR 87.3 billion or equivalent to USD 96.9 billion with Net Income of EUR 8
billion or equivalent to USD 8.8 billion. In the investment management
business, AXA Financial managed the total
Assets Managements (AUM) reaching EUR
0.879 trillion or equivalent to USD 0.975 trillion.
The Summary of 17 World’s Biggest Investment Management Companies in 2024 Based on Total Assets Under Management (AUM)
Bibliography of 17 World’s Biggest Investment Management Companies
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