The ten top asset managers worldwide as of November 2023 all had assets under management worth more than one trillion U.S. dollars. However, the leading firm - New York City-based BlackRock - managed assets much higher than this. The second largest firm in terms of assets under management was Vanguard Asset Management, BlackRock’s largest competitor, though their total assets under management are roughly two trillion U.S. dollars less than those of BlackRock.
What is asset management?
Asset management refers to financial assets managed by an investment firm on behalf of others. Asset management firms, like BlackRock and Vanguard, are just one type of provider of asset management. The service can also be performed by investment banks, private banks, or wealth managers – all kinds of financial institutions with the aim of growing investors’ portfolio of financial assets.
Global distribution of assets under management
Assets under management in North America accounted for almost half of the total value of global assets under management. North American assets under management was worth more than the total assets under management of Europe and Asia combined (excluding Japan), despite these two regions placing second and third globally in terms total value of assets under management.
FAQs
BlackRock remains the world's largest asset manager overall.
Who is the largest asset manager globally? ›
How BlackRock became the world's largest asset manager? ›
- Barclays Global Investors (BGI) in 2009: Acquiring BGI, including its iShares ETF platform, was a transformative move for BlackRock, propelling it to become the leading asset manager globally.
Which company handles the most assets? ›
BlackRock
BlackRock (BLK) is the largest investment firm in the world. It manages $8.6 trillion in assets as of Dec. 31, 2022.
Who are the top 5 asset managers in the world? ›
The top 5 of asset managers included in this ranking are BlackRock, 9,464 US$b, (They hit 10tn AUM as per December 2021), Vanguard, with 8,400 US$b, UBS Group, one of two European Asset Managers who made the Top 10 with 4,432 US$b, Fidelity with 4,230 US$b, and State Street Global Advisors with 3,860 US$b.
Who is the 1.5 trillion asset manager? ›
Franklin Templeton
This makes it one of the largest asset managers in the world with over 1.5 trillion USD in assets under management.
Is BlackRock the worlds largest asset manager? ›
BlackRock, the world's largest asset manager, is all-in on Saudi.
Who is the largest asset manager in the US? ›
Who is the largest asset manager by market cap? ›
Largest asset management companies by Market Cap
| # | Name | M. Cap |
|---|
| 1 | Apollo Global Management 1APO | $64.89 B |
| 2 | Brookfield Corporation 2BN | $59.77 B |
| 3 | Ares Management 3ARES | $41.75 B |
| 4 | Blue Owl Capital 4OWL | $27.04 B |
57 more rowsSome examples of companies that are currently larger than BlackRock in terms of market capitalization include: - Apple Inc. - Facebook Inc. - Tesla Inc.
Global Expertise, Local Service
BlackRock is a global firm that combines the benefits of worldwide reach with local service and relationships. Investment centers in 25 cities (including New York, London, San Francisco, Tokyo, and Hong Kong) facilitate access to major capital markets.
How much does the CEO of BlackRock earn? ›
BlackRock's CEO took home $26.9m for fiscal year 2023.
Stock awards formed the bulk of Finks' compensation. He also received a bonus of $7.9m, a base annual salary of $1.5m and 'all other compensation,' which included security and other contributions, of $1m.
Is Fidelity bigger than BlackRock? ›
BlackRock manages about $9 trillion in assets, including about $2.6 trillion in its US ETFs. Though not as large of an asset manager, Fidelity had $11.5 trillion assets under administration, as of Sept. 30.
How BlackRock controls the world? ›
It manages trillions of dollars in assets for individuals and institutions worldwide. While it wields significant influence due to its size and reach, it does not have direct control over global affairs. Its investment decisions can impact markets, but the idea of it controlling the world is an exaggeration.
Which is better Vanguard or BlackRock? ›
If you're looking for an option that lets you play a hands-on role in your investing decisions, Vanguard would be the better option. If you're looking for passive options, either firm could be the answer.
What is the best performing asset class in 2023? ›
This niche asset class outperformed hedge funds by almost 35% in 2023—and it's ready to hit the mainstream. Last year's best performing asset class wasn't tech stocks or derivatives: It was so-called catastrophe bonds, a little-known class of financial instruments that protect against losses from natural disasters.
Who owns BlackRock and Vanguard? ›
Who Owns BlackRock? BlackRock is publicly owned, with its shares held by various shareholders, including institutional investors like Vanguard Group and State Street Corporation and individual shareholders. The specifics of these shareholders can change over time.
What is the total assets in the world 2023? ›
Measured in current nominal USD, total net private wealth fell by USD 11.3 trillion (–2.4%) to USD 454.4 trillion at the end of the year. Wealth per adult also declined by USD 3,198 (–3.6%) to reach USD 84,718 per adult at end-2022.
What investors should keep in mind in 2023? ›
Top 10 Investment Lessons of 2023
- Lesson 1: No one is very good at consistently getting the market forecasts right. ...
- Lesson 3: Valuations cannot be used to time markets. ...
- Lesson 5: Assets with poor performance have self-healing mechanisms. ...
- Lesson 6: Even with a clear crystal ball, markets are unpredictable.
