Following are the top 10 and top 50 largest asset and wealth managers in the world ranked by total AUM. BlackRock (NYSE: BLK), established in 1988, is the world's the largest asset management company with assets under management of over $5 trillion. Headquartered in New York, it has more than 70 offices in 30 countries and employs approximately 12,000 people. Vanguard, headquartered in Valley Forge, Pennsylvania, is the second largest investment management company with more than $3.8 trillion in global assets under management. It is also the largest mutual fund provider and the second largest ETFs (exchange-traded funds) provider in the world.

Rank Company Country Assets under Management (US$b) Balance sheet
1 BlackRock US 5,117 09/30/2016
2 Vanguard Group US 3,814 09/30/2016
3 UBS (1) Switzerland 2,771 09/30/2016
4 State Street Global Advisors (SSGA) US 2,446 09/30/2016
5 Allianz Asset Management (AAM) Germany 2,086 09/30/2016
6 Fidelity Investments US 2,060 06/30/2016
7 J.P. Morgan Asset Management (JPMAM) US 1,772 09/30/2016
8 BNY Mellon US 1,720 09/30/2016
9 Crédit Agricole (2) France 1,591 06/30/2016
10 PIMCO * US 1,550 09/30/2016
11 Capital Group US 1,500 09/30/2016
12 Prudential Financial US 1,314 09/30/2016
13 AXA Group France 1,309 09/30/2016
14 Credit Suisse Switzerland 1,299 09/30/2016
15 Deutsche Bank Germany 1,294 09/30/2016
16 Goldman Sachs US 1,147 09/30/2016
17 Amundi * France 1,122 09/30/2016
18 BNP Paribas (3) France 1,126 09/30/2016
19 Legal & General Investment Management UK 1,091 06/30/2016
20 Wellington Management Company US 998.0 09/30/2016
21 Northern Trust US 946.0 09/30/2016
22 TIAA Global Asset Management US 915.0 09/30/2016
23 Natixis Global Asset Management France 897.0 09/30/2016
24 Bank of America US 871.0 09/30/2016
25 T. Rowe Price US 812.9 09/30/2016
26 Invesco Ltd US 807.5 10/31/2016
27 Sumitomo Mitsui Trust Group (SuMi Trust) Japan 751.0 03/31/2016
28 Legg Mason, Inc US 733.0 09/30/2016
29 Affiliated Managers Group (AMG) US 730.0 09/30/2016
30 Prudential plc UK 728.5 09/30/2016
31 Franklin Resources (Franklin Templeton Investments) US 723.0 10/31/2016
32 Sun Life Financial Canada 690.4 09/30/2016
33 Manulife Financial Canada 673.8 09/30/2016
34 MassMutual US 642.0 12/31/2015
35 Ameriprise Financial US 639.6 09/30/2016
36 Mitsubishi UFJ Financial Group Japan 610.0 06/30/2016
37 Principal Financial US 595.8 09/30/2016
38 Generali Group Italy 591.9 06/30/2016
39 MetLife Investment Management (MIM) US 558.9 09/30/2016
40 New York Life Investment Management US 525.0 09/30/2016
41 Great-West Lifeco Canada 500.3 09/30/2016
42 APG Netherlands 498.2 09/30/2016
43 Wells Fargo Asset Management (WFAM) US 498.0 09/30/2016
44 Schroders UK 487.1 09/30/2016
45 Old Mutual plc UK 455.0 06/30/2016
46 Dimensional Fund Advisors US 443.0 09/30/2016
47 Royal Bank of Canada Canada 433.1 09/30/2016
48 HSBC Global Asset Management UK 430.1 06/30/2016
49 MFS Investment Management US 424.5 10/31/2016
50 Morgan Stanley Investment Mngt US 417.0 09/30/2016
51 Aviva Investors UK 413.5 06/30/2016
52 Aberdeen Asset Management UK 405.4 09/30/2016
53 Aegon Asset Management Netherlands 377.0 09/30/2016
54 Macquarie Asset Management (MAM) Australia 376.0 09/30/2016

(1) - UBS AUM include Wealth Management ($996 B), Wealth Management Americas ($1,106 B) and Asset Management ($669 B).
(2) - Crédit Agricole's total AUM include asset management, wealth management and insurance.
(3) - BNP Paribas assets under management include Asset Management (€413 B), Wealth Management (€341 B), Insurance (€227 B) and Real Estate (€23 B).
* PIMCO (Pacific Investment Management Company) operates as a separate and autonomous subsidiary of Allianz Group.
* Amundi is owned 80% by Credit Agricole and 20% by Societe Generale..