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 $5.4 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 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 5,400 03/31/2017
2 Vanguard Group US 4,200 03/31/2017
3 UBS (1) Switzerland 2,882 03/31/2017
4 State Street Global Advisors (SSGA) US 2,560 03/31/2017
5 Fidelity Investments US 2,207 03/31/2017
6 Allianz Asset Management (AAM) Germany 2,047 03/31/2017
7 J.P. Morgan Asset Management (JPMAM) US 1,840 03/31/2017
8 BNY Mellon US 1,727 03/31/2017
9 Credit Agricole (2) France 1,607 12/31/2016
10 PIMCO * US 1,510 03/31/2017
11 Capital Group US 1,400 12/31/2016
12 Credit Suisse Switzerland 1,307 03/31/2017
13 AXA Group France 1,303 03/31/2017
14 Morgan Stanley US 1,300 12/31/2016
15 Prudential Financial US 1,299 03/31/2017
16 Amundi * France 1,205 03/31/2017
17 Legal & General Invest. Management (LGIM) UK 1,117 03/31/2017
18 BNP Paribas (3) France 1,113 03/31/2017
19 Goldman Sachs US 1,036 03/31/2017
20 Northern Trust US 1,001 03/31/2017
21 Wellington Management Company US 1,000 03/31/2017
22 Bank of America US 946.8 03/31/2017
23 TIAA US 938.0 03/31/2017
24 Natixis Global Asset Management France 895.6 03/31/2017
25 T. Rowe Price US 861.6 03/31/2017
26 Invesco Ltd US 841.4 04/30/2017
27 HSBC UK 831.0 12/31/2016
28 Deutsche Asset Management Germany 773.0 03/31/2017
29 Aegon Netherlands 757.9 12/31/2016
30 Affiliated Managers Group (AMG) US 753.5 03/31/2017
31 Prudential plc UK 747.9 12/31/2016
32 Franklin Resources Inc (Franklin Templeton Investments) US 741.0 04/30/2017
33 Legg Mason, Inc US 731.0 04/30/2017
34 Sumitomo Mitsui Trust Group (SuMi Trust) Japan 726.0 03/31/2017
35 Sun Life Financial Canada 696.0 03/31/2017
36 Manulife Financial Canada 690.0 03/31/2017
37 Insight Investment UK 683.0 03/31/2017
38 MassMutual US 675.0 12/31/2016
39 Ameriprise Financial US 654.4 03/31/2017
40 Principal Financial Group US 619.7 03/31/2017
41 Mitsubishi UFJ Financial Japan 575.0 12/31/2016
42 Generali Group Italy 566.1 03/31/2017
43 Aviva UK 561.9 12/31/2016
44 New York Life Insurance Company US 538.0 12/31/2016
45 MetLife Investment Management (MIM) US 529.7 03/31/2017
46 Great-West Lifeco Canada 507.1 03/31/2017
47 Schroders UK 505.8 03/31/2017
48 AllianceBernstein L.P. (AB) US 498.0 03/31/2017
49 Dimensional Fund Advisors US 497.0 03/31/2017
50 Old Mutual plc UK 493.2 12/31/2016
51 Wells Fargo US 481.0 03/31/2017
52 APG Group Netherlands 468.9 03/31/2017
53 Columbia Threadneedle Investments UK 467.0 03/31/2017
54 Royal Bank of Canada Canada 461.2 04/30/2017
55 MFS Investment Management US 459.3 05/31/2017
56 Nomura Asset Management Japan 426.0 03/31/2017
57 Citi Private Bank US 390.0 03/31/2017
58 Aberdeen Asset Management UK 384.7 03/31/2017
59 Eaton Vance Corp US 380.9 03/31/2017
60 Macquarie Asset Management (MAM) Australia 366.9 03/31/2017
61 Federated Investors US 361.7 03/31/2017
62 Manulife Asset Management Canada 358.0 03/31/2017
63 Standard Life UK 347.0 12/31/2016
64 M&G Investments UK 330.6 12/31/2016
65 Union Investment Germany 324.7 03/31/2017
66 Eurizon Capital * Italy 315.1 03/31/2017
67 SEI Investments Company US 297.0 03/31/2017

The exchange rate on March 31, 2017.

(1) - UBS AUM include Wealth Management (CHF 1,023 B), Wealth Management Americas (CHF 1,155 B) and Asset Management (CHF 697 B).
(2) - Credit Agricole's total AUM include asset management, wealth management and insurance.
(3) - BNP Paribas AUM include Asset Management (€433 B), Wealth Management (€355 B), Insurance (€230 B) and Real Estate (€24 B).
* PIMCO (Pacific Investment Management Company) operates as a separate and autonomous subsidiary of Allianz Group.
* Amundi operates as a subsidiary of Credit Agricole Group.
* Eurizon Capital SGR is a subsidiary of Intesa Sanpaolo Group.
* As of September 30, 2017, BlackRock had assets under management of $5.98 trillion.