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.

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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.

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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

 

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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

 

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Brief Description of 17 World’s Biggest Investment Management Companies in 2024 

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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.

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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

 

BlackRock. 2025. Annual Report 2024. Accessed via https://www.blackrock.com/corporate/investor-relations/2020-annual-report  on May 17th, 2025.

Vanguard. 2025. About Vanguard. Accessed via https://about.vanguard.com/who-we-are/fast-facts/ on May 17th, 2025.

State Street Global Advisors. 2025. About Us. Accessed via https://www.ssga.com/us/en/institutional/ic/about-us/who-we-are on May 17th, 2025.

Fidelity. 2025. Fidelity Annual Report 2024. Accessed via https://institutional.fidelity.com/app/literature/annual-report/705632/fidelity.html  on May 17th, 2025.

J.P. MorganChase&Co. 2025. Annual Report 2024. Accessed via https://www.jpmorganchase.com/ir/annual-report  on May 17th, 2025.

Capital Group. 2025. About Capital Group. Private Markets. Accessed via https://www.capitalgroup.com/pe/about-us.html  on May 17th, 2025.

PIMCO. 2025.Our Firm. Accessed via https://global.pimco.com/en-gbl/our-firm  on May 17th, 2025.

BNY Mellon. 2024. About Us. Accessed via https://www.bnymellon.com/us/en/about-us/about-bny-mellon.html  on May 17th, 2025.

Goldman Sachs. 2025. Annual Report 2024. Accessed via https://www.goldmansachs.com/investor-relations/financials/current/annual-reports/2023-annual-report   on May 17th, 2025.

UBS.2025. Annual Report 2024. Accessed via https://www.ubs.com/global/en/investor-relations.html  on May 17th, 2025.

Allianz Group. 2025. Annual Report 2024. Accessed via https://www.allianz.com/en/investor_relations/results-reports/annual-reports.html  on May 17th, 2025.

Credit Agricole. 2025. Annual Report 2024. Accessed via https://www.credit-agricole.com/en/finance/financial-publications on May 17th, 2025.

Bank of America. 2025. Annual Report 2024. Accessed via https://investor.bankofamerica.com/annual-reports-and-proxy-statements on June 23th, 2025.

Morgan Stanley. 2025. Annual Report 2024. Accessed via https://www.morganstanley.com/about-us-ir on June 23rd, 2025.

Prudential Financial. 2025. Annual Report 2024. Accessed via https://investor.prudential.com/financials/proxy-statement-annual-report-and-voting-results/default.aspx  on June 23th, 2025.

Deutsche Bank. 2025. Annual Report 2024. Accessed via https://www.db.com/what-we-do/products-and-services/reports  on June 23th, 2025.

AXA Financial. 2025. Annual Report 2024. Accessed via https://www.axa.com/en/investor/annual-and-interim-reports   on June 23th, 2025.