Asset Management firms are companies that invests its clients’ pooled fund into securities that match its declared financial objectives. This is a list of top asset management firms of the world. Asset management companies provide investors with more diversification and investing options than they would have by themselves & attain their investment goals by proper management of assets.
There are a large number of asset management firms operating all over the world. These asset management firms are famous for providing professional financial services to the corporations and finance companies on the management of their assets. The top asset management firms of the world offer professional management services for managing the shares and bonds of their clients.
The clients of the asset management firms may be insurance companies, corporations, pension funds or individual investors. The primary goal behind the service of the asset management firms is to help the investors attain their investment goals by proper management of assets.
Services like wealth management and portfolio management are also offered by the asset management firms to their clients. Asset management is nothing but the investment management of collective investments of the companies.
The asset management firms recruit proficient and knowledgeable investment managers to take the financial decisions.
The investment managers are responsible for managing the assets of the companies and funds in the most feasible way so that the investment ensures maximum profit on a given condition. For a fee, the asset management firmprovides more diversification, liquidity, and professional management consulting service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. They collect money from investors by way of floating various mutual fund schemes.
Top Asset Management Firms:
Below is the list of Top 40 Top asset management firms Rank according to there Assets under management.
|Rank||Company||Country||Assets under management, US$b||Balance sheet|
|3||State Street Global Advisors (SSGA)||US||2440||3/31/2015|
|5||Allianz Asset Management (AAM)||Germany||1949||12/31/2014|
|6||J.P. Morgan Asset Management||US||1760||3/31/2015|
|7||BNY Mellon Investment Management||US||1740||3/31/2015|
|8||PIMCO (Pacific Investment Management Company) (1)||US||1590||3/31/2015|
|9||Credit Suisse Group||Switzerland||1420||3/31/2015|
|12||Deutsche Asset & Wealth Management||Germany||1255||3/31/2015|
|16||Goldman Sachs Group||US||1029||3/31/2015|
|18||Wellington Management Company||US||939||3/31/2015|
|19||Bank of America||US||902.9||12/31/2014|
|20||Franklin Resources (Franklin Templeton Investments)||US||894.9||4/30/2015|
|21||Natixis Global Asset Management||France||887.6||3/31/2015|
|24||T. Rowe Price||US||772.7||3/31/2015|
|26||Legal & General Investment Management (LGIM)||UK||739||12/31/2014|
|28||Legg Mason, Inc||US||706.8||4/30/2015|
|29||Sumitomo Mitsui Trust Bank||Japan||682||12/31/2014|
|30||UBS Global Asset Management||Switzerland||680||3/31/2015|
|33||Sun Life Financial||Canada||641.5||3/31/2015|
|35||Affiliated Managers Group (AMG)||US||638||3/31/2015|
|40||HSBC Global Asset Management||UK||454||12/31/2014|
The asset management firms also offer asset management services to the companies in order to maximize the return of the company. It can also be an account at a financial institution that includes services like checking services, debit cards, credit cards, and margin loans and also brokerage services. It has been seen that the services offered by the top asset management firms are for high net-worth clients.
The process of asset management includes keeping the records of assets of the companies. The asset management system is believed to have evolved from the maintenance management systems. The main principle of maintenance management is to use work orders for the predictive and preventive maintenance.
Over the last two years, many cases of misconduct have led to intense scrutiny of the asset management industry by regulatory authorities around the world. Keeping pace with the wave of new regulations is a challenge for every firm, but especially for smaller firms, which lack economies of scale.