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 largest asset manager with assets under management of nearly $6.0 trillion. Headquartered in New York, it has more than 70 offices in 30 countries and employs approximately 12,000 people. Vanguard Group, headquartered in Valley Forge, Pennsylvania, is the second largest investment management company with more than $4.5 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 5,977 09/30/2017
2 Vanguard Group US 4,500 09/30/2017
3 UBS Group (1) Switzerland 3,101 09/30/2017
4 State Street Global Advisors (SSGA) US 2,670 09/30/2017
5 Fidelity Investments US 2,400 09/30/2017
6 Allianz Group Germany 2,268 09/30/2017
7 J.P. Morgan Asset Management (JPMAM) US 1,900 09/30/2017
8 BNY Mellon US 1,800 09/30/2017
9 PIMCO (2) US 1,690 09/30/2017
10 Amundi (3) France 1,652 09/30/2017
11 Capital Group US 1,600 06/30/2017
12 AXA Group France 1,405 09/30/2017
13 Credit Suisse Switzerland 1,387 09/30/2017
14 Prudential Financial US 1,366 09/30/2017
15 Morgan Stanley US 1,300 12/31/2016
16 Legal & General Invest. Management (LGIM) UK 1,282 06/30/2017
17 BNP Paribas (4) France 1,230 09/30/2017
18 Goldman Sachs US 1,128 09/30/2017
19 Northern Trust US 1,100 09/30/2017
20 Wellington Management Company US 1,021 06/30/2017
21 Aegon Netherlands 962.9 09/30/2017
22 Natixis Global Asset Management (5) France 961.1 09/30/2017
23 Nuveen US 948.0 09/30/2017
24 T. Rowe Price US 948.0 09/30/2017
25 Bank of America US 946.8 03/31/2017
26 TIAA US 938.0 03/31/2017
27 Invesco Ltd US 917.5 09/30/2017
28 Prudential plc UK 850.8 06/30/2017
29 Deutsche Asset Management Germany 839.0 09/30/2017
30 HSBC UK 831.0 12/31/2016
31 Affiliated Managers Group (AMG) US 803.7 09/30/2017
32 Standard Life Aberdeen (6) UK 758.0 06/30/2017
33 Legg Mason, Inc US 754.4 09/30/2017
34 Franklin Resources Inc (Franklin Templeton Investments) US 753.2 09/30/2017
35 Sun Life Financial Canada 749.4 09/30/2017
36 Sumitomo Mitsui Trust Holdings (7) Japan 747.0 09/30/2017
37 Insight Investment UK 740.0 06/30/2017
38 Manulife Financial Canada 690.0 03/31/2017
39 MassMutual US 675.0 12/31/2016
40 Ameriprise Financial US 654.4 03/31/2017
41 Principal Financial Group US 619.7 03/31/2017
42 Mitsubishi UFJ Financial Japan 575.0 12/31/2016
43 APG Group Netherlands 551.0 10/31/2017
44 Dimensional Fund Advisors US 548.0 09/30/2017
45 Schroders UK 545.0 06/30/2017
46 Generali Group Italy 540.0 06/30/2017
47 New York Life Insurance Company US 538.0 09/30/2017
48 MetLife Investment Management (MIM) US 537.3 06/30/2017
49 AllianceBernstein L.P. (AB) US 535.0 09/30/2017
50 Great-West Lifeco Canada 507.1 03/31/2017
51 Wells Fargo US 496.0 09/30/2017
52 Old Mutual plc UK 493.2 12/31/2016
53 Columbia Threadneedle Investments US/UK 484.1 09/30/2017
54 MFS Investment Management US 474.2 09/30/2017
55 Aviva UK 470.0 06/30/2017
56 Royal Bank of Canada Canada 461.2 04/30/2017
57 Western Asset Management Co US 435.1 09/30/2017
58 Nomura Asset Management Japan 426.0 09/30/2017
59 Eaton Vance Corp US 419.3 09/30/2017
60 Citi Private Bank US 390.0 03/31/2017
61 Blackstone Group US 387.4 09/30/2017
62 Union Investment Germany 377.5 09/30/2017
63 M&G Investments UK 377.0 06/30/2017
64 Macquarie Asset Management (MAM) Australia 369.9 09/30/2017
65 Federated Investors US 363.7 09/30/2017
66 Eurizon Capital (8) Italy 363.1 09/30/2017
67 Manulife Asset Management Canada 358.0 03/31/2017
68 Janus Henderson Investors (9) UK 356.0 06/30/2017
69 Geode Capital Management US 327.0 09/30/2017
70 SEI Investments Company US 325.0 09/30/2017

The exchange rate on September 30, 2017.

(1) - UBS Group AUM include Wealth Management (CHF 1,100 B), Wealth Management Americas (CHF 1,164 B) and Asset Management (CHF 744 B).
(2) - PIMCO (Pacific Investment Management Company) operates as a separate and autonomous subsidiary of Allianz Group.
(3) - Amundi is a subsidiary of Credit Agricole Group.
(4) - BNP Paribas AUM include Asset Management (€425 B), Wealth Management (€358 B), Insurance (€235 B) and Real Estate (€24 B).
(5) - Natixis operates as a subsidiary of Groupe BPCE.
(6) - Aberdeen Asset Management merged with Standard Life to form Standard Life Aberdeen plc in August 2017.
(7) - AUM for SuMi Trust Bank, SuMi Trust AM and Nikko AM.
(8) - Eurizon Capital SGR is a subsidiary of Intesa Sanpaolo Group.
(9) - Janus Henderson Investors was formed through the merger of Janus Capital Group and Henderson Global Investors in May 2017.
Last Updated: January 10, 2018.