Following are the top 10 and top 50 largest asset and wealth managers in the world ranked by total AUM. BlackRock, Inc (NYSE: BLK) is the world's largest asset manager with total assets under management of over $4.7 trillion. BlackRock was established in 1988 and is headquartered in New York City, United States. The company has more than 70 offices in 30 countries and employs over 12,000 people.

Rank Company Country Total AUM, US$b  Balance sheet
1 BlackRock US 4,737 03/31/2016
2 Vanguard Group US 3,371 03/31/2016
3 UBS (1) Switzerland 2,713 03/31/2016
4 State Street Global Advisors (SSGA) US 2,296 03/31/2016
5 Fidelity Investments US 2,110 03/31/2016
6 Allianz Group Germany 1,984 03/31/2016
7 J.P. Morgan Asset Management (JPMAM) US 1,676 03/31/2016
8 BNY Mellon US 1,639 03/31/2016
9 PIMCO * US 1,500 03/31/2016
10 Capital Group US 1,390 12/31/2015
11 AXA Group France 1,264 03/31/2016
12 Credit Suisse Switzerland 1,224 03/31/2016
13 Prudential Financial US 1,218 03/31/2016
14 Deutsche Asset & Wealth Management Germany 1,203 09/30/2015
15 Morgan Stanley (2) US 1,192 03/31/2016
17 Amundi * France 1,119 03/31/2016
16 Goldman Sachs US 1,110 03/31/2016
18 Legal & General Investment Management UK 1,106 12/31/2015
19 BNP Paribas France 1,069 03/31/2016
20 Wellington Management Company US 943.0 03/31/2016
21 Northern Trust US 900.0 03/31/2016
22 Bank of America (3) US 890.7 03/31/2016
23 Natixis Global Asset Management France 884.9 03/31/2016
24 TIAA Global Asset Management US 854.0 12/31/2015
25 Invesco Ltd US 783.7 04/30/2016
26 T. Rowe Price US 764.6 03/31/2016
27 Franklin Resources (Franklin Templeton Investments) US 747.1 04/30/2016
28 Prudential plc UK 731.6 03/31/2016
29 Legg Mason, Inc US 707.1 04/30/2016
30 Sumitomo Mitsui Trust Group Japan 681.7 03/31/2016
31 Sun Life Financial Canada 663.1 03/31/2016
32 Wells Fargo Asset Management (WFAM) US 653.4 12/31/2015
33 Manulife Financial Canada 642.3 03/31/2016
34 Affiliated Managers Group (AMG) US 642.0 03/31/2016
35 Mass Mutual US 642.0 12/31/2015
36 Ameriprise Financial US 623.6 03/31/2016
37 Mitsubishi UFJ Financial Group (MUFG) Japan 621.0 09/30/2015
38 BNP Paribas Investment Partners France 590.5 03/31/2016
39 Generali Group Italy 588.3 03/31/2016
40 Principal Financial US 547.7 03/31/2016
41 MetLife US 530.8 03/31/2016
42 New York Life US 512.0 04/30/2016
43 Great-West Lifeco Canada 484.1 03/31/2016
44 Old Mutual UK 471.3 12/31/2015
45 Schroders UK 467.0 03/31/2016
46 Aviva Investors UK 429.6 12/31/2015
47 Royal Bank of Canada Canada 428.2 03/31/2016
48 HSBC Global Asset Management UK 424.1 12/31/2015
49 Aberdeen Asset Management UK 420.9 03/31/2016
50 Aegon Netherlands 390.0 03/31/2016

(1) - UBS's invested assets include Wealth Management (CHF925 b), Wealth Management Americas (CHF1,009 b) and Asset Management (CHF628 b).
(2) - Morgan Stanley’s AUM include Investment Management ($405 b) and Wealth Management ($787 b).
(3) - With brokerage assets, Bank of America's AUM is $1,947 billion.
* PIMCO (Pacific Investment Management Company) operates as a separate and autonomous subsidiary of Allianz Group.
* Amundi is owned 80% by Crédit Agricole and 20% by Société Générale.